Riverstone Energy Limited (RSE)

Sector:

Investment Firms

Index:

FTSE Small Cap

 303.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 670.00
  • 52 Week Low: 109.00
  • Currency: UK Pounds
  • Shares Issued: 67.30m
  • Volume: 188,023
  • Market Cap: £203.91m

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 303.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 670.00
52 Week Low 109.00
Volume 188,023
Shares Issued 67.30m
Market Cap £203.91m

RSE Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
60.56% above the market average60.56% above the market average60.56% above the market average60.56% above the market average60.56% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Price Trend
39.62% below the market average39.62% below the market average39.62% below the market average39.62% below the market average39.62% below the market average
41.83% below the sector average41.83% below the sector average41.83% below the sector average41.83% below the sector average41.83% below the sector average
Income Not Available
Growth
44.77% below the market average44.77% below the market average44.77% below the market average44.77% below the market average44.77% below the market average
39.45% below the sector average39.45% below the sector average39.45% below the sector average39.45% below the sector average39.45% below the sector average

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Buy 0
Neutral 1
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Strong Sell 0
Total 1
neutral
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Trades for 18-Sep-2020

Time Volume / Share Price
16:35 60,990 @ 303.00p
16:29 135 @ 294.00p
16:29 211 @ 294.50p
16:29 116 @ 300.00p
16:27 150 @ 298.50p

RSE Key Personnel

Chair Richard Hayden

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