Riverstone Energy Share Discussion Threads

[bitgold] 01/12/2024 18:07

It is quiet. Looking at the portfolio, it's mostly Permian that's going to drive the price. The decarbonisation portfolio looks like a load of rubbish, so many write-offs. Are they even getting in on any new opportunities or just running the trust down?

[craigso] 29/11/2024 12:43

This thread is like the share price... no action.

I wonder if I should just move my money into something more productive, and wait for news of M&A activity around Permian or Veren before buying back in. I can't see anything else really moving the share price too much.

[bitgold] 17/7/2024 18:22

I hope so, i'm not selling mine at 600p, but I do like the idea of them buying on the cheap at 600p where they can. Not so long ago they even tried a tender at 580p

[hugepants] 10/7/2024 07:03

I think so

[ntv] 10/7/2024 06:41

A buyback has started but today's announcement had a buyback price 600.00
Surely they mean 800.00?

[bitgold] 09/5/2024 19:54

Latest NAV 1446p, up from 1253, so there may be a rerating or takeover soon. I too am very sad about their terrible investments in renewables, I'm here for the oil.

[kenmitch] 08/5/2024 13:47

NTV

It seems that the tender offer was no more successful in reducing the big discount than buybacks.

I’m not complaining as (presumably investor ignorance about the attraction of the recent tender offer) I was able to tender nearly all my holding. A tender offer at £10.60 with a share price around £9 was a one way bet, and a real reward, unlike with a big buyback that would probably have been just as ineffective.

[bench2] 08/5/2024 10:03

I hope the NEDS request a full analysis of the manager's pet green energy projects , they seem to do nothing except subtract value . If they had any sense they would quietly buy into some bombed out quoted UK renewables all on big discounts with covered divs etc .

[ntv] 08/5/2024 07:12

The discount is still large despite the write offs
Tender offer cut the number of shares in issue but the discount still as large as ever

[bitgold] 12/4/2024 09:58

Only 35% got tendered. You got more because you're held in a nominee account and other investors decided not to participate, which is lost money for them and a big gain for you. I immediately bought back my original holding at £9 and pocketed the difference.

[bitgold] 12/4/2024 09:56

With hargreaves Lansdown I got 90% tendered, so many investors clearly didn't participate, which is lost money. Questor in the Telegraph was happily telling investors to tender just the 35%. i wonder if he did the same...?

[craigso] 06/4/2024 12:00

Yes, it's amazing how many shareholdrs don't know to tender their full shareholding, not just the 35% or so of their "entitlement".

Somehow I got 75% of my shares bought at £10.50. Happy to let the share price trickle down for the next couple of weeks before buying back at £9 or below. Pure, unexpected profit.

And FWIW the underlying shale oil companies are still going strong...

[kenmitch] 06/4/2024 09:32

Yes. That’s because I tendered my entire holding. The 35% (or whatever the exact figure was) was guaranteed to be tendered. But investors could choose to tender for more than that. How many extra shares investors then got depended on the level of the take up. So a lot did not take up the tender offer…..despite it being SO obvious that the offer to pay me £10.30 a share when the share price was (and still is) around £9 looked a no brainer!

Investors who want to are free now to buy back the shares they successfully tendered for around £9 and pocket the profit.

[jaf111] 06/4/2024 06:14

Has anyone else received more cash from the tender offer than they were expecting???

[jaf111] 28/3/2024 09:22

From Questor a week ago…….

It also means a “material̶1; transfer of value from exiting investors to those who remain, according to James Carthew, head of research at QuotedData, an investment companies’ specialist.

Mr Carthew said if the tender offer is taken up in full, Riverstone’s NAV will rise by 113p to £13.66 a share because of the boost from buying its shares cheaply. “Shareholders need to weigh up their need for liquidity against this loss of potential long-term value – and this is very much an individual decision,” he said.

[ntv] 28/3/2024 09:18

Interesting fall after tender offer
It will interesting to see what the new nett asset value be once this has been fully completed along with updated nett asset value

[ntv] 21/3/2024 17:03

PERMIAN res continues it's march northwards
Now over $17 per share

[jaf111] 05/3/2024 08:51

Can anyone explain why people are selling at 906/908p with the tender at 1050p?

[ntv] 04/3/2024 19:16

looks like they maybe selling part of their holding in Permian res. due to an RRNS.
Not sure how many. Price seems to be $15.76

[lionheart79] 01/3/2024 22:35

I bought for my SIPP at 1206p so still underwater with the tender but might take up the offer to derisk a bit. Not been a great 6 years in this one.

[tania67] 19/2/2024 09:10

@NTV: yes, I get the same figure

[ntv] 17/2/2024 09:23

I have a nett asset value of £13.86(post completion and based on 31/12/23 and assuming full take up of tender offer) Is this correct? or has anyone else got a similar figure

[ntv] 15/2/2024 16:53

CPG and PR doing well currently