Riverstone Energy Limited (RSE)

Sector:

Investment Firms

Index:

FTSE Small Cap

412.50p
   
  • Change Today:
    -16.50p
  • 52 Week High: 1,112.00p
  • 52 Week Low: 403.50p
  • Currency: UK Pounds
  • Shares Issued: 79.90m
  • Volume: 63,302
  • Market Cap: £329.57m

Riverstone Energy invests $100m in Argentine midstream services firm

By Duncan Ferris

Date: Friday 28 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Riverstone Energy on Friday confirmed that it has invested $100m Argentine oil and gas gathering and processing-focused midstream company, Aleph Midstream S.A.


Riverstone's investment comes alongside $3m from other investors associated with Riverstone. This includes $54m from Southern Cross Group, $45m from Vista Oil & Gas and approximately $3m from the Aleph and Vista management teams, for a total commitment of approximately $205m, which is expected to be deployed over the next 24 months.

The FTSE 250 company said that Aleph will become the first midstream player focused on providing gathering, processing and evacuation services for oil and gas production of Argentina's "world class" Vaca Muerta shale play.

Its new investee plans to start funding the construction of infrastructure upon closing of the transaction, which is expected to take place in July, and intends to begin providing certain midstream services from January 2020 onwards.

Riverstone said Aleph is also currently negotiating credit facilities which it expects to close within the third quarter of 2019.

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RSE Market Data

Currency UK Pounds
Share Price 412.50p
Change Today -16.50p
% Change -3.85 %
52 Week High 1,112.00p
52 Week Low 403.50p
Volume 63,302
Shares Issued 79.90m
Market Cap £329.57m

RSE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.50% above the market average67.50% above the market average67.50% above the market average67.50% above the market average67.50% above the market average
81.60% above the sector average81.60% above the sector average81.60% above the sector average81.60% above the sector average81.60% above the sector average
Price Trend
91.62% below the market average91.62% below the market average91.62% below the market average91.62% below the market average91.62% below the market average
98.91% below the sector average98.91% below the sector average98.91% below the sector average98.91% below the sector average98.91% below the sector average
Income Not Available
Growth
1.64% below the market average1.64% below the market average1.64% below the market average1.64% below the market average1.64% below the market average
5.99% below the sector average5.99% below the sector average5.99% below the sector average5.99% below the sector average5.99% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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RSE Dividends

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Trades for 27-Jan-2020

Time Volume / Share Price
16:35 2,659 @ 412.50p
16:29 4 @ 408.00p
16:29 1 @ 408.00p
16:25 17 @ 408.00p
16:24 666 @ 407.52p

RSE Key Personnel

Chair Richard Hayden

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