Riverstone Energy Limited (RSE)

Sector:

Investment Firms

Index:

FTSE Small Cap

 429.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,112.00
  • 52 Week Low: 403.50
  • Currency: UK Pounds
  • Shares Issued: 79.90m
  • Volume: 0
  • Market Cap: £342.76m

Riverstone Energy posts interim loss following decline in NAV

By Iain Gilbert

Date: Wednesday 14 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Natural resources investor Riverstone Energy turned in a loss for the first six months of its trading year on the back of a decline in the value of its holdings.
Riverstone recorded a net loss for the six months ended 30 June of $373.12m - 467.01 cents on a per-share basis.

The FTSE 250 resident also saw its net asset value fall 26% to $1.05bn in the half, or $13.24 per share, as Hammerhead, Centennial and CNOR dropped in value throughout the period.

During the half, Riverstone received proceeds of $83m from its disposal of Meritage Midstream Services and a further $39m from the sale of Sierra Oil and Gas - $27m of which was reinvested into the likes of Ridgebury H3, Castex Energy and ILX Holdings.

Looking forward, Riverstone said its $219m cash balance left it "well-positioned" to make new investments into the likes of Onyx and Aleph, as well as aiding it to grow its existing portfolio.

Riverstone also said it believed the current market environment was generating "attractive opportunities in midstream, energy services and power".

As of 0825 BST, RSE shares had picked up 1.02% to 737.47p.

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RSE Market Data

Currency UK Pounds
Share Price 429.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,112.00
52 Week Low 403.50
Volume 0
Shares Issued 79.90m
Market Cap £342.76m

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
90.81% below the market average90.81% below the market average90.81% below the market average90.81% below the market average90.81% 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

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

RSE Key Personnel

Chair Richard Hayden

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