Share Name Share Symbol Market Type Share ISIN Share Description
Riverstone Energy Limited LSE:RSE London Ordinary Share GG00BBHXCL35 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -14.00 -2.21% 620.00 38,892 12:26:45
Bid Price Offer Price High Price Low Price Open Price
618.00 620.00 630.00 620.00 630.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 252.86 415.38 1.3 389
Last Trade Time Trade Type Trade Size Trade Price Currency
12:38:29 O 1,175 618.02 GBX

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Date Time Title Posts
02/7/202222:39Riverstone Energy - Global Energy231

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Riverstone Energy Daily Update: Riverstone Energy Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker RSE. The last closing price for Riverstone Energy was 634p.
Riverstone Energy Limited has a 4 week average price of 616p and a 12 week average price of 570p.
The 1 year high share price is 750p while the 1 year low share price is currently 316p.
There are currently 62,762,784 shares in issue and the average daily traded volume is 137,091 shares. The market capitalisation of Riverstone Energy Limited is £389,129,260.80.
mrnumpty: According to Riverstone’s website , they have repeatedly been buying back shares in the last few days , so they presumably see the current share price weakness as overdone , but do your own research , and buybacks are no guarantee that the price will automatically rise
the millipede: RSE don’t think oil and gas is smelly. They think oil and gas currently generates bucket loads of cash, that can be put to good use in funding energy transition. They also expect the discount to narrow with the switch but I think that will be some way off.
bench2: Daily company buybacks beginning to impact the share price ( in a good way ) . A good break upwards above the 700p level
nimbo1: thanks spooky point well made. tempted to buy some here as £10 seems a more appropriate price.
spooky: Think you will find RSE were the lead investor in an $80m fundraising. They did not invest $80m.
kenmitch: No posts here today on the excellent RSE update:- NAV Up another 21% (dollars) and 24% (£) to £11.40 yet share even after 50p gain today is only £6.70 which is a huge and undeserved near 40% discount to NAV.
bench2: Along with BERI , RSE is a perceived beneficiary of the spot oil price spike with no assets or investments in Russia ( currently dogging BP and Shell ) . The directors relentless Buy Back policy has helped the share price and should be applauded . Unlike Cousin T ( who bought some shares at £1 ) I have only been a holder since June/July 2021 ( lowest buy price 319P ) , but I am now tempted to start reducing my holding , all Inv Cos with large portfolios of Unquoted Assets sell on sizable discounts ( except Hg ) , so I am not clinging on for a move from 40% discount to 25% discount .
cousinit: I've said before that I'm no great fan of RSE so believe that it does warrant a reasonable discount, but probably around 25%. I think the IMA break costs, corporate governance more akin to UK best practice, comms and investment track record would likely need to be addressed to justify a share price near to NAV. Obviously the buybacks could force the shares higher but there seem to have been willing sellers in size recently to keep a lid on it.
hugepants: Biggest shareholder AKRC now down to 14.5%. They've sold about 17% and not hurt the share price too much. SolidPower (NASDAQ: SLDP) share price is quite heavily down since the listing but I can't figure out though if RSE are currently showing a paper loss or a paper gain. I suspect the former although it may not be too big a loss since the original $20M appeared to be at a favourable valuation. They've invested $50.5M in total in SLDP which is about 7.5% of the NAV Centennial Resource Development is doing well though at $7.44 and is about 15% of NAV. So I'd guess NAV is still well above £8 here. They've still a lot of firepower left re the buyback but probably wisely waiting to see if AKRC force the price down.
hugepants: Talking to myself here but results out. NAV = £6.83 so discount = 42% with current share price at 390p At 16 Aug they have "$178 million aggregate cash balance and $86 million of unrestricted marketable securities". That's £192M or 312p per share. "REL remains focussed on managing liquidity and operational efficiency at the portfolio company level, while continuing to execute on its modified investment programme, which includes a pivot from E&P investments towards energy transition and decarbonisation assets. The Investment Manager believes the current market environment is generating attractive risk-reward investment opportunities within these subsectors." "Share Buyback Programme As previously announced on 1 July 2021, with today's publication of the Company's Interim Report and Financial Statements for the period ended 30 June 2021, the Board will recommence its £20.0 million open market share buyback programme with Numis Securities Limited and J.P. Morgan Securities plc. Since the Company's announcement on 11 May 2021, 1,185,808 ordinary shares have been bought back at a total cost of approximately 4.0 million ($5.6 million) at an average share price of approximately £3.36 ($4.72)."
Riverstone Energy share price data is direct from the London Stock Exchange
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