Riverstone Energy Share Discussion Threads

[anley] 29/10/2014 10:19

Today the company has started to give us interesting investment news and it looks very promising.

Keep it up Mr Management and the price will soon get back to the £10 level.

[anley] 16/10/2014 16:08

and at the end of the day a big buy deal took place at 830p.........is this the start of mopping up all the stale bulls who came in at the £10 placing price............we shall have to wait and see.

[anley] 13/10/2014 09:39

When you have some one paying £10 per share and the share price is below 870p you have to ask the question - do they know something we do not know?

No one chucks £50,000,000 into a duff stock..................

[anley] 18/9/2014 12:51

I have topped up my holding at 890p........I like assets at a discount with good management thrown in for FREE.

[anley] 15/9/2014 09:29

NO some more news which the market seems to ignore.............

[anley] 14/7/2014 15:49

and ready for the next leg up in price!

[anley] 08/7/2014 08:43

News this morning..............steady progress............

[anley] 07/7/2014 15:13

and since then no follow through or news.............

[tubigrip] 02/7/2014 18:50

And a 50000 buy at 918 today

[anley] 28/6/2014 17:22

It was a £1m share deal which I think was to supply the market. This may mean there is something up.................we shall have to wait and see as most dealings have been in small sums.

[tubigrip] 27/6/2014 17:43

Looks like a large buy order filled ay 960

[anley] 27/6/2014 09:16

After a few weeks the price has jumped to 915p......that may be the start for a small re-rating of the business now funds have been invested.

[anley] 06/6/2014 08:29

Now we are back to 880p due to lack of interest.....

[anley] 15/5/2014 08:39

Good progress being made by the company and its management BUT the share price does not seem to reflect this.

Still around 900p..........

[anley] 09/4/2014 16:28

Are the NEW brokers starting to support the company's share price - now 900p?

[anley] 27/3/2014 15:40

at a huge discount to the original offer/placing price of £10.

Just no support for this company at the moment.

[anley] 13/3/2014 11:39

So a long term investment buy,,,,,,,,,,,,,,

[rambutan2] 13/3/2014 10:42

FTR, management fees are 1.5% of nav (invested OR committed), with no fees on cash. The performance fee is 20% of gross (not net) realised profits.

No divs or capital distributions for this evergreen closed end vehicle which has an initial management contract of 7yrs, with a "target price" of £15 minimum and gross invested IRR of 8% by year 7.

NAV will be reported on a calendar quarterly basis.

Some performance figs:
Since its inception in March 2000, through its management of the five Global Energy and Power Funds Riverstone has:
• committed US$18.3 billion of equity across 81 separate investments
• invested total equity of US$14.1 billion across 81 separate investments
• achieved a Gross Overall IRR of 29 per cent. on all realised and unrealised investments
• achieved a Gross Overall IRR of 58 per cent. on all fully- realised investments
• achieved a Net Overall IRR of 20 per cent.
• achieved a gross multiple of 2.6 times equity invested on fully- realised investments

[anley] 13/3/2014 09:49

and now some of the funds being slowly invested.....

[anley] 19/2/2014 10:09

Good to see some volume yesterday.........

[anley] 14/2/2014 14:51

Well the results are out and good progress made but there are no brokers covering the company yet.

[anley] 03/2/2014 10:38

Well done on your bear trade. I always find them the most difficult trades to do.

As I said in one of my past posts that I am a long term holder as that is how my family funds invest. In this case it was what was said about how the directors should perform and what they have been doing in the oil business for many years.

I can also tell you that a friend of mine in Houston knows some of the management and how they perform. They also have the technology for extracting shale gas and with the Lord Browne connection and that of Centrica I feel that it will come right over the time frame I have set.

What has annoyed me is the way the share price has behaved and maybe you are right about the sentiment.

[salpara111] 01/2/2014 13:21

Closed my short at 880.
As I mentioned before I find it difficult to place a value on this one but am happy with my 80 point drop for a £1600 gain.
IPO's are not a guaranteed way to make money just ask investors who bought into the FTSE 250 new issue Partnership Assurance who paid 385p and it is now at about 320p.
Last year I bought Infinis and am at b/e there and Merlin where I am up about 15% .
If you take a bite from every flotation going you have a good chance of beating the market but I never assume that they are all going to be a one way ticket to riches.
My main reason for shorting is still valid and that is to do with the overwhelming negative sentiment against this type of oil company.

[anley] 31/1/2014 16:12

In all my years as an investor I have never seen an IPO such as this one been so poorly supported by those that were involved at the £10 placing.

It makes you wonder and I hope someone from the brokers PR dept is reading this post.

News better be good on the conference call.

[anley] 30/1/2014 09:51

At long last a buy in the huge Bakken shale oil/gas basin in the USA.

More news when the results are out.