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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
  2.00 0.33% 602.00 422,239 16:35:19
Bid Price Offer Price High Price Low Price Open Price
594.00 610.00 610.00 594.00 610.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 252.86 415.38 1.3 317
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:20 O 100,000 595.188 GBX

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Date Time Title Posts
12/1/202313:39Riverstone Energy - Global Energy235

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Riverstone Energy (RSE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-01-27 17:55:41595.19100,000595,188.00O
2023-01-27 16:18:42594.00100,000594,000.00O
2023-01-27 16:18:40595.19100,000595,188.00O
2023-01-27 16:01:40597.647004,183.48O
2023-01-27 15:32:43594.00100,000594,000.00O
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Riverstone Energy (RSE) Top Chat Posts

Top Posts
Posted at 28/1/2023 08:20 by 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 600p.
Riverstone Energy Limited has a 4 week average price of 594p and a 12 week average price of 594p.
The 1 year high share price is 750p while the 1 year low share price is currently 472p.
There are currently 52,714,287 shares in issue and the average daily traded volume is 58,560 shares. The market capitalisation of Riverstone Energy Limited is £317,340,007.74.
Posted at 03/11/2022 12:57 by mrnumpty
What a difference a " buy " tip in a national newspaper makes - up 44p , or over 7% , in the five hours since the stock market opened this morning . I may well bur back in to Riverstone , but certainly not until this leap in the price evaporates away which , after such an extended period of share price weakness , it will surely do in the next week or two . No , I'm most categorically not a ramper , but I'm also not such a Numpty that I would buy at this price .
Posted at 05/7/2022 23:09 by mrnumpty
The prices of most raw materials dropped today on recession fears . This drop included crude oil , with this no doubt being a factor in the drop in the share price of Riverstone . However , of the thirteen investments listed in Riverstone’s portfolio , only three are oil companies whereas , if you check on the fund’s previous investments , you can see that Riverstone has clearly been moving away from oil and gas .
Posted at 02/7/2022 21:39 by 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
Posted at 24/6/2022 23:01 by 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.

Posted at 09/6/2022 19:13 by bench2
Daily company buybacks beginning to impact the share price ( in a good way ) . A good break upwards above the 700p level
Posted at 31/5/2022 08:26 by spooky
Think you will find RSE were the lead investor in an $80m fundraising. They did not invest $80m.
Posted at 07/3/2022 14:45 by 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 .
Posted at 08/2/2022 19:56 by 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.

Posted at 23/1/2022 22:28 by hugepants
Biggest shareholder AKRC now down to 14.5%. They've sold about 17% and not hurt the share price too much.
https://www.investegate.co.uk/riverstone-energy-ld--rse-/rns/holding-s--in-company/202201200700090206Z/


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.
https://www.investegate.co.uk/riverstone-energy-ld--rse-/rns/rel-buys-interest-in-a-samsung-ventures-portfolio/202108170700058165I/
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.

Posted at 18/8/2021 08:52 by hugepants
Talking to myself here but results out.
https://www.investegate.co.uk/riverstone-energy-ld--rse-/rns/interim-report-for-the-six-months-to-30-june-2021/202108180700059602I/

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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