Overview
Riverstone Energy Limited invests exclusively in the global energy industry, with a particular focus on the exploration & production and midstream sectors. The company days it is uniquely positioned to benefit from the large number of investment opportunities being driven by the North American energy revolution and the continued growth in global energy demand. Riverstone Energy Limited aims to capitalize on the opportunities presented by its manager’s (Riverstone) energy investment platform.
Fundamentals
Price
Research History
-
17 Oct 2023 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2023
Third quarter of 2023 Investment Companies | Quarterly roundup | October 2023 Kindly sponsored by abrdn ‘Uncomfortable’ Following a fast start to the first half of the year, globally equities took a breather in Q3, as markets assessed the implications of the worst bond sell-off in a generation. Yields on 10-year US treasuries and UK […]
-
13 Oct 2023 10 min read
QuotedData’s Investment Companies Roundup – October 2023
October 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in September 2023 September was defined by the ongoing US bond selloff, with global markets trending down in sympathy. Investment trust returns were negative on average for the month, although several sectors still achieved positive returns. The Royalties sector was the […]
-
14 Sep 2023 41 min read
QuotedData’s Economic and Political Monthly Roundup September 2023
Economic and Political Monthly Roundup Investment companies | Monthly | September 2023 August was a moderately volatile month for markets as the economic picture in China worsened. Developed markets held up better than emerging markets. Yields on US government debt rose. Oil prices edged up, but the big jump was in natural gas prices as […]
-
9 min read
QuotedData’s Investment Companies Roundup – September 2023
September 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in August 2023 Share price total returns for investment companies were generally poor over August, with the best performing sector, Debt – Structured Finance, returning just 2.1%, with only a few sectors managing to eke out a positive total return. Funds […]
-
06 Apr 2023 82 min read
QuotedData’s Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
-
16 Oct 2020 11 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit Stubborn resistance The end […]
-
10 Sep 2020 6 min read
QuotedData’s Investment Companies Roundup – September 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over August: Aberdeen New Dawn – COVID positive “In […]
-
10 Aug 2020 7 min read
QuotedData’s Investment Companies Roundup – August 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over July: Seneca Global Income & Growth – […]
-
14 Jul 2020 9 min read
QuotedData’s Investment Companies Quarterly Review – Second Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit When the going gets […]
-
07 Jul 2020 7 min read
QuotedData’s Investment Companies Roundup – July 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over June: CQS New City High Yield – […]
-
07 May 2020 4 min read
QuotedData’s Economic Roundup – May 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
-
17 Apr 2020 8 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
-
07 Apr 2020 8 min read
QuotedData’s Investment Companies Roundup – April 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over March: An update note […]
-
10 Mar 2020 7 min read
QuotedData’s Investment Companies Roundup – March 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over February: An initiation note on Montanaro UK Smaller Companies Trust (MTU) […]
-
24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
-
12 Nov 2019 5 min read
QuotedData’s investment companies roundup – November 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over October, we published notes on Pacific Horizon, Seneca Global Income & Growth, Premier Global Infrastructure, Polar Capital Global Financials, Ecofin Global Utilities and Infrastructure, Aberdeen Standard European Logistics Income and Herald. Additionally, as part of our enhanced coverage of the property sector, we launched […]
-
15 Oct 2019 7 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
-
07 Oct 2019 5 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
-
11 Sep 2019 3 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
-
3 min read
QuotedData’s economic roundup – September 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
-
07 Jun 2019 3 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
-
08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
-
04 Apr 2019 1 min read
QuotedData’s investment companies roundup – April 2019
QuotedData’s investment companies roundup – April 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2019. Kindly sponsored by Baillie Gifford. JPMorgan Indian, India Capital Growth, Aberdeen New India and Ashoka India Equity Investment […]
-
22 Mar 2019 2 min read
QuotedData’s economic roundup – March 2019
QuotedData’s economic roundup – March 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
-
16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
-
12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
-
14 Sep 2018 2 min read
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
-
15 Aug 2018 1 min read
QuotedData’s investment companies roundup – August 2018
QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]
-
25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
-
13 Mar 2018 1 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
-
11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
-
19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
-
14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
-
2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
-
03 Aug 2017 1 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
-
14 Feb 2017 1 min read
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
-
07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
-
27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
-
08 Dec 2014 1 min read
Commodities & Natural Resources
Specialist Commodities and Natural Resources Please click on the link above for the first of what will be a regular series of articles focusing on a particular area of the investment companies market. This month the theme is the Specialist Commodities and Natural Resources sector.
News
-
21 Aug 2024 2 min read
QuotedData’s morning briefing 21 August 2024 – TMPL, RSE, GIF
In QuotedData’s morning briefing 21 August 2024: Temple Bar Investment Trust (TMPL) posted a NAV total return of 13.1% for the six month period to 30 June 2024, outperforming the FTSE All-Share Index of +7.4%, as market conditions for value investing improved. The share price total return was +11.0%. Particularly strong returns from portfolio companies […]
-
02 Apr 2024 1 min read
QuotedData’s morning briefing 2 April 2024 – TPOU, RSE, SONG
In QuotedData’s morning briefing 2 April 2024: Third Point Investors (TPOU) has announced a redemption offer to shareholders for up to 25% of the issued share capital of the company at a discount of 2% NAV after its average discount over the six-month period ended 31 March 2024 exceeded 10%. Shareholders will be entitled to […]
-
29 Feb 2024 2 min read
Riverstone Energy reports another strong year
Riverstone Energy (RSE) has released its annual results for the 12 month period ending 31 December 2023. Over the 12 month period RSE reported a NAV return of 9.9%, with a total NAV of £529m, equal to a NAV per share of £12.53. It also reported a share price return of 18.1%. 8.7m shares were […]
-
23 Feb 2024 2 min read
QuotedData’s morning briefing 23 February 2023 – RSE, GRID, JSGI, GRIO
In QuotedData’s morning briefing 23 February 2023: Riverstone Energy (RSE) has announced a tender offer for up to 15,047,619 of its ordinary shares, representing 35.66% of the existing shares in issue, to be purchased at a price of £10.50 per share. This price represents a premium of c.14% to the closing market price of £9.20 […]
-
08 Feb 2024 2 min read
Riverstone Energy launches $200m tender offer
Riverstone Energy proposes to return $200m (equivalent to approximately £158m) of its excess capital to shareholders by means of a tender offer at a price of £10.50 per ordinary share. The tender price represents a premium of approximately 31% to the closing market price of £8.00 on 7 February 2024 and a 16% discount to […]
-
02 Jan 2024 1 min read
QuotedData’s morning briefing 2 January 2024 – EAT, RSE, CVCG
In QuotedData’s morning briefing 2 January 2024: European Assets Trust (EAT) announced that as part of an orderly succession plan, Kate Cornish-Bowden has today been appointed to the board and its committees. Kate Cornish-Bowden is the chair of International Biotechnology Trust, and a non-executive director of Finsbury Growth & Income Trust and CC Japan Income […]
-
07 Nov 2023 1 min read
QuotedData’s morning briefing 7 November 2023 – RSE, SONG
In QuotedData’s morning briefing 7 November 2023: Riverstone Energy Limited (RSE) announced that Hammerhead Energy Inc has finalised the sale of Hammerhead to Crescent Point Energy Corp, a Calgary based energy company, for an enterprise value of C$2.55 billion. RSE invested in Hammerhead, alongside Riverstone Global Energy and Power Fund V, holding approximately 15.5 million […]
-
19 Oct 2023 2 min read
QuotedData’s morning briefing 19 October 2023 – HTCF, RSE, ABD, PIN, AERI, ASLI, AEWU
In QuotedData’s morning briefing 19 October 2023: Highbridge Tactical Credit (HTCF) will compulsorily redeem almost all of its shares on 1 November 2023 and then go into liquidation. Round Hill Music (RHM) shareholders overwhelmingly approved the takeover by Concord Bidco. The shares will stop trading before the market opens on 31 October and shareholders should […]
-
28 Sep 2023 2 min read
QuotedData’s morning briefing 28 September 2023 – BRGE, USF, RSE, AERI, ASLI, UKCM, SERE
In QuotedData’s morning briefing 28 September 2023: BlackRock Greater Europe (BRGE) says that Alexandra Dangoor is being made co-portfolio manager, alongside lead manager Stefan Gries. The effective date for this appointment will be from close of business on 29 September 2023. Alexandra joined the BlackRock Fundamental European Equity Team in 2019 after two years in […]
-
15 Sep 2023 4 min read
QD view – Opportunities in commodities?
From April 2020 to June 2022, the energy transition and the war in Ukraine combined to generate a significant surge in commodity prices. Since then, commodities have struggled, weighed down by the weakness of China’s economic recovery and mixed economic data across the globe. More recently, however, they have started to tick higher once again. […]
-
13 Sep 2023 2 min read
QuotedData’s morning briefing 13 September 2023 – ROOF, EGL, RSE
In QuotedData’s morning briefing 13 September 2023: Primary Health Properties (PHP) has acquired Ireland’s first Enhanced Community Care (ECC) facility at Ballincollig, near Cork, for €29.64m. The property is fully let to the Health Service Executive on a 25-year lease and benefits from five yearly, compounded annually, Irish CPI indexed rent reviews. The government led […]
-
23 Aug 2023 1 min read
QuotedData’s morning briefing 23 August 2023 – RSE, CTPE, CYN, HOME
Riverstone Energy Limited (RSE) announced that it has entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt. CT Private Equity Trust (CTPE) announced its results for the half year ended 30 June 2023. Share price total return for […]
-
18 Aug 2023 1 min read
QuotedData’s weekly news update 18th August 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • Thomas Lloyd Energy Impact (0:57) • Riverstone Energy (18:40) • Bluefield Solar (22:25) • NextEnergy Solar (27:16) • Ediston Property (30:16) • Empiric Student […]
-
17 Aug 2023 1 min read
Riverstone Energy planning 30% tender
Riverstone Energy has built up a cash balance of $123m and plans to use about $100m (£80m) of that to fund a tender offer. The company will buy back up to 13,840,830 shares at 578p per share. That is the equivalent of 30.4% of the company’s issued share capital. The tender price is equal to […]
-
16 Aug 2023 1 min read
QuotedData’s morning briefing 15 August 2023 – GOT, REL, AEET
Global Opportunities Trust (GOT) announced its half year report for the period ended 30 June 2023. The company’s NAV decreased by 0.2% while shares increased by 2.2% reflecting a slight narrowing of the discount to NAV which sat at 17% at the last close. During the period, the company also terminated its investment management agreement […]
-
03 Jul 2023 1 min read
QuotedData’s morning briefing 3 July 2023
In QuotedData’s morning briefing for 3 July 2023 Riverstone Energy (RSE) has provided an update on its share buyback program, whereby it has entered into an agreement with JPMorgan and Numis to buyback shares through a non-discretionary programme, subject to certain pre-set parameters. This programme will continue from today to the publishing of its next […]
-
01 Mar 2023 2 min read
Impressive numbers but still work to be done for Riverstone Energy
It was another year of eye catching returns for Riverstone Energy (RSE) which ended the period to 31 December 2022 with a NAV of $14.52 (£11.99) per share, a 17.0% and 30.5% increase in USD and GBP, respectively, compared to the 31 December 2021 NAV of $12.41 (£9.19) per share. Management does not provide a […]
-
26 Sep 2022 2 min read
Riverstone Energy’s Hammerhead to list via SPAC
Riverstone Energy says that two of its portfolio companies, Hammerhead Resources Inc., a Calgary-based energy company, and Decarbonization Plus Acquisition Corporation IV (Nasdaq: DCRD, DCRDW, DCRDU), a special purpose acquisition company, have announced a business combination that values Hammerhead at an enterprise value of C$1.39bn, which is approximately 2.2x DCRD’s projected 2024 EBITDA for Hammerhead. […]
-
07 Sep 2022 1 min read
Riverstone Energy backs fast-charging business Tritium
Riverstone Energy Limited is making a $10m debt commitment to Tritium DCFC Limited, which will contribute to extending Tritium’s existing $90m senior debt facility from Cigna & Barings by $60m to $150m. In addition, Tritium has established a $75m committed equity facility with B. Riley Principal Corporation. The new debt investment complements an existing equity […]
-
17 Aug 2022 1 min read
QuotedData’s morning briefing 17 August 2022
In QuotedData’s morning briefing 17 August 2022: Riverstone Energy (RSE) has posted its interim results for the six months to 30 June 2022. During this time, the trust’s NAV increased by 22% in sterling terms and 10% in US dollar terms while its cash balance finished the period at $72m and remaining potential unfunded commitments […]
-
18 May 2022 1 min read
QuotedData’s morning briefing 18 May 2022
In QuotedData’s morning briefing 18 May 2022: Riverstone Energy (RSE) has led a investment round in Infinitum Electric, creator of the breakthrough air-core motor. Infinitum Electric will use the investment to vertically integrate and automate production of its motors for the commercial and industrial market segments, and complete development and commercialisation of a traction motor […]
-
04 Mar 2022 5 min read
QD view – Feeling resourceful?
I started writing this article a week ago – the day before Russia launched its invasion of Ukraine. With the events unfolding in Eastern Europe and a harsh increase in sanctions a foregone conclusion, I pressed pause on looking at the commodities and natural resources sector to focus on the immediate impact on trusts with […]
-
24 Feb 2022 4 min read
Riverstone Energy bounces back following ‘dramatic improvement in commodity prices’
Riverstone Energy bounces back following ‘dramatic improvement in commodity prices’ – Riverstone Energy (RSE) has posted its full-year results for the 12 months to 31 December 2021, during which time it delivered a 56% share price increase. Meanwhile, RSE ended the year with a NAV of $12.41 (£9.19) per share, a 100.2% and 102.0 per […]
-
08 Feb 2022 1 min read
Riverstone exits Pipestone Energy
Riverstone exits Pipestone Energy – Riverstone Energy has sold its entire position in Pipestone Energy Corp., a Calgary-based oil and gas exploration company publicly listed on the Toronto Stock Exchange, for CAD4.55 per share. This represents a 6.8% discount to the closing price of Pipestone Energy on 4 February 2022 and a 2.0% to the […]
-
01 Feb 2022 1 min read
Riverstone Energy backs T-Rex
Riverstone Energy backs T-Rex – Riverstone Energy has made $17.5m preferred equity investment in T-REX Group, Inc.’s $40mSeries C funding round. T-REX is a software-as-a-service (SaaS) provider, supporting the asset-backed financing industry. Riverstone says that it brings together asset class expertise, critical data management capabilities, and a platform for deal structuring, cash flow modeling, scenario analysis, […]
-
16 Dec 2021 1 min read
Riverstone Energy hails Solid Power listing
Riverstone Energy hails Solid Power listing – Solid Power announced the closing of its business combination with a special purpose acquisition vehicle – Decarbonization Plus Acquisition Corporation III (DCRC) – on 8 December 2021. On 9 December Solid Power became the only pure-play solid-state battery company to trade on the public markets. Solid Power common stock and […]
-
01 Oct 2021 4 min read
QD View – Energy crisis, opportunity in uncertainty
The drivers that have led to the current energy crisis have been clearly visible for some time and reflect a number of long-term structural challenges that we face. Chief amongst these is climate change and the need to decarbonise but related to this are issues of energy security; the intermittency of renewables; battery technology that […]
-
18 Aug 2021 2 min read
Boost for Riverstone Energy’s NAV thanks to ‘stabilised macro environment’
Boost for Riverstone Energy’s NAV thanks to ‘stabilised macro environment’ – Riverstone Energy (RSE) has posted its half-year results for the 6 months to 30 June 2021. During the period under review, the company saw an increase in its NAV per share of 50% (in GBP terms) while ending the period with a cash balance […]
-
17 Aug 2021 1 min read
Riverstone Energy invests in batteries
Riverstone Energy invests in batteries – Riverstone Energy Limited has bought an interest in one of Samsung Ventures’ battery technology focused venture capital portfolios for $30.0m. Other affiliates of the manager invested a further $3.0m. Within the portfolio are seven unrealised investments, including around 1.66m shares of Solid Power, Inc, which account for most of the […]
-
26 May 2021 2 min read
QuotedData’s morning briefing 26 May 2021
In QuotedData’s morning briefing 26 May 2021: AVI Global produced an NAV return of 26.8% and a share price return of 29.1% over the six months ended 31 March 2021. These numbers compare well to the 13.5% return on the trust’s benchmark and help make it one of the best performing funds in its sector over […]
-
11 May 2021 1 min read
QuotedData’s morning briefing 11 May 2021
In QuotedData’s morning briefing 11 May 2021: CVC Credit Partners European Opportunities has announced the results of its latest tender offer – 5,926,910 Euro shares and 8,710,330 Sterling shares were tendered – the tender prices are €0.9932 and £1.0521. These should be settled in full. Riverstone Energy successfully completed its last buy back programme – repurchasing […]
-
19 Mar 2021 1 min read
QuotedData’s morning briefing 19 March 2021
In QuotedData’s morning briefing 19 March 2021: Further to an announcement on 18 March 2021 after the market had closed, Future Fund Board of Guardians has sold 32.7m ordinary shares in Apax Global Alpha Ltd (AGA) at a price of 180 pence per share. Future Fund no longer holds any ordinary shares in AGA. Furthermore, AGA did not receive […]
-
09 Mar 2021 1 min read
QuotedData’s morning briefing 9 March 2021
In QuotedData’s morning briefing 9 March 2021: Triple Point Social Housing REIT (SOHO) has bought seven supported housing properties, comprising 68 individual units in total, for an aggregate consideration of approximately £12.1m. The properties are located in the North West (24 units), the North East (23 units), Yorkshire (10 units), the East (7 units) and the South East […]
-
24 Feb 2021 3 min read
Riverstone Energy annuals reflect a tumultuous year for the oil industry
Riverstone Energy (RSE)’s annual results period to end-December 2020 saw it deliver 36% and 38% decreases in NAV in USD and GBP terms. ‘Tightening in supply, as a result of higher demand and lower non-OPEC+ supply, has helped to support a higher commodity price environment’ RSE’s chairman Richard Hayden provided the following summary of the challenges faced […]
-
10 Feb 2021 1 min read
QuotedData’s morning briefing 10 February 2021
In QuotedData’s morning briefing 10 February 2021 – Syncona, a leading healthcare company focused on founding, building and funding global leaders in life science, made note of the news that its portfolio company, Autolus Therapeutics announced the pricing of its underwritten public offering in the United States of 14,285,715 American Depositary Shares (“ADSs”) representing 14,285,715 […]
-
28 Jan 2021 1 min read
Riverstone backs Freewire
Riverstone backs Freewire – Riverstone Energy has agreed to invest $10m in FreeWire Technologies, Inc., a leading provider of battery-integrated DC fast chargers (DCFCs) and their associated software. Another Riverstone fund also participated in the transaction, also investing $10 million for a total investment of $20 million from Riverstone affiliated investment vehicles. Based in the San […]
-
04 Jan 2021 1 min read
QuotedData’s morning briefing 4 January 2021
In QuotedData’s morning briefing 4 January 2021 – SDCL Energy Efficiency Income (SEIT) announced the acquisition of an additional 15% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, from a consortium led by Fortistar LLC for a cash consideration of approximately $36m. SEIT acquired an initial 50% interest in Primary Energy in […]
-
02 Nov 2020 2 min read
Riverstone Energy has two years to prove itself
When Riverstone Energy launched, it had a performance-driven discontinuation vote built into the structure. This would be triggered if, on 29 October 2020: the trading price for the shares had not met or exceeded £14.70 at any time since the initial admission to listing on 29 October 2013; and the company had not generated a […]
-
19 Aug 2020 1 min read
Still a very challenging environment for commodity funds like Riverstone Energy
Riverstone Energy (RSE) reported interim results, spanning the six months to 30 June 2020. The NAV was down by (43%) and (40%), in USD and GBP terms, respectively. The Hammerhead, ILX III, and Liberty II holdings were the main detractors. Some of the key figures from the period, as at 30 June, include: NAV $379m (£308m) NAV […]
-
23 Jul 2020 2 min read
Riverstone Energy commits $25m to wood pellet firm
Riverstone Energy commits $25m to wood pellet firm – Riverstone Energy has made a $25 million commitment to participate in the recapitalisation of Enviva Holdings LP. More than $1 billion of new equity contributions and incremental equity commitments is coming from affiliates of Riverstone Holdings LLC (the manager). Enviva is the world’s largest supplier of utility […]
-
01 Jul 2020 1 min read
QuotedData’s morning briefing 1 July 2020
Riverstone Energy (RSE) announced the pausing of its £50m share buyback programme until August, after the reporting of its interim results, for the six months ended 30 June 2020. Since the company’s announcement of the share buyback programme was made, on 1 May 2020, 10.81m ordinary shares have been bought back at a cost of approximately £30.5m. Elsewhere, two big retail […]
-
20 May 2020 2 min read
Quarterly update from Riverstone Energy with plans afoot to return portion of uninvested capital
As of 31 March 2020, Riverstone Energy (RSE) had a NAV per share of $5.31 – this compares with $9.66 as at 31 December 2019 (click here to read more on this). RSE released an interim update this morning, covering the quarter-ending 31 March. Key unaudited financial highlights from the period include: NAV as at 31 March 2020 […]
-
23 Apr 2020 2 min read
Riverstone Energy NAV goes up in smoke
Riverstone Energy NAV goes up in smoke – As of 31 December 2019, Riverstone Energy had a NAV per share of $9.66 (GBP7.36), representing a decrease in USD and GBP of over 46 and 48 per cent., respectively, compared to the 31 December 2018 NAV. The statement says that Hammerhead, Centennial and Liberty II were the […]
-
27 Feb 2020 1 min read
QuotedData’s other news 27 February 2020
In QuotedData’s other news 27 February 2020 JLEN Environmental’s fundraise was significantly oversubscribed. The placing, which was only available to professional investors, will result in the issue of 49,701,820 new shares at 115p, raising gross proceeds of £57.2m. JLEN will use the money to finance “an identified pipeline of near-term opportunities across the bioenergy and flexible […]
-
03 Jan 2020 2 min read
Riverstone Energy announces amendments to performance allocation arrangements
Riverstone Energy (RSE) is amending its performance allocation arrangements, as follows: Portfolio level cost benchmark: A performance allocation will only be distributed in respect of a realised investment if, at the time of the realisation of the relevant investment, the aggregate of the fair market value of all of the company’s then unrealised investments and […]
-
30 Oct 2019 1 min read
QuotedData’s other news 30 October 2019
In QuotedData’s other news 30 October 2019 Schroder European Real Estate has added €0.8m to its rent roll with three lettings at its St Cloud office complex and has drawn down another €4m on its loan to fund capital expenditure within its portfolio. Riverstone Energy reported a $275.8m unrealised loss for the third quarter of 2019. […]
-
14 Aug 2019 2 min read
QuotedData’s other news 14 August 2019
It has been a busy morning of half-year results announcements. In QuotedData’s other news 14 August 2019: Apax Global Alpha (APAX) reported interim results to 30 June 2019; total NAV retur was +13.4% (+12.9% in constant currency terms). Last 12 months total NAV return was +14.4% (+12.2% constant currency) reflecting primarily strong performance of the private equity portfolio. Aberdeen Asian Income […]
-
2 min read
Riverstone Energy’s discount widens in tough period for the sector
Riverstone Energy’s discount widens in tough period for the sector – The commodities and natural resources company, Riverstone Energy (RSE), has reported half-year results to 30 June 2019. It has been a difficult year for the sector; we note that the company’s discount widened from around 20% this time last year to 35% over the […]
-
28 Jun 2019 2 min read
QuotedData’s other news 28 June 2019
In QuotedData’s other news 28 June 2019 Origo Partners results to end December 2018 (ancient history now) show its NAV halving from 3.9 cents to 1.8 cents, down to: – (i) write offs of the company’s investments in Celadon, Gobi Coal, Staur Aqua, Fram, Six Waves, and Unipower; (ii) realised losses from the company’s sale of its […]
-
26 Apr 2019 1 min read
Riverstone launches European power company
Riverstone launches European power company – Riverstone Holdings LLC, manager of Riverstone Energy Limited, has announced the formation of Onyx Strategic Investment Management I BV, a newly formed European independent power producer. Onyx will have an initial focus on Germany and the Netherlands, following the signing of an agreement to acquire a fleet of coal- and […]
-
27 Feb 2019 3 min read
Riverstone Energy hurt by Hammerhead and Centennial
Riverstone Energy (RSE) has announced its annual results for the year ended 31 December 2018. RES finished the year with an NAV of $17.91 (£14.06)1 per share, which represents a year-on-year decrease in USD of 13 per cent. (in GBP of 8 per cent.) compared to the 31 December 2017 NAV. The company says that […]
-
10 Jan 2019 2 min read
Riverstone Energy sells Meritage Midstream
Riverstone Energy sells Meritage Midstream – Riverstone Holdings LLC, manager of Riverstone Energy Limited, has agreed the sale of 100% of its indirect membership interests in Meritage Midstream ULC to SemCAMS Midstream ULC, a newly formed joint venture between SemGroup Corporation (NYSE: SEMG) and KKR, for C$600 million (US$449 million). The transaction is expected to close […]
-
05 Dec 2018 1 min read
Riverstone sells Sierrra oil and Gas
Riverstone sells Sierrra oil and Gas – Riverstone Holdings LLC, the manager of Riverstone Energy Limited, has announced that it has agreed to the sale of 100% of its membership interests in Sierra Oil & Gas, an oil and gas company focused on Mexico’s offshore Sureste Basin to DEA Deutsche Erdoel AG, an international independent exploration […]
-
18 Sep 2018 1 min read
Riverstone Energy secures a commitment of up to C$300M
Riverstone Energy secures a commitment of up to C$300M – The largest holding of Riverstone Energy Limited (RSE) is Hammerhead Resources. It represents 26.9% of Riverstone’s gross assets as of 30 June 2018. Hammerhead Resources has announced that it has secured from Riverstone Holdings LLC, a preferred share equity commitment of up to 300 million Canadian dollars […]
-
31 Jul 2018 1 min read
Investment Trust Insider on Riverstone Energy
Investment Trust Insider on Riverstone Energy James Carthew: Riverstone’s history restricts oil boom effect BP’s announcement on Friday that it is spending $10.5 billion to buy BHP’s US shale oil investments, comprising considerable acreage in the Permian and Eagle Ford basins plus gas-producing fields in the southern states of the US, is a good cue […]
-
19 Feb 2018 1 min read
Riverstone Energy sells Three Rivers III
Riverstone Energy sells Three Rivers III – Riverstone Holdings LLC, the Manager of Riverstone Energy Limited, has announced that it has agreed to the sale of 100% of the assets in Three Rivers Operating Company III LLC, an Austin, Texas-based oil and gas company focused on the Permian Basin. Riverstone formed Three Rivers III in […]
-
08 Nov 2017 1 min read
Riverstone Energy cashes in part of Centennial Resource Development
Riverstone Energy cashes in part of Centennial Resource Development – Riverstone Energy Limited has announced that it is participating in an offering of shares in Centennial Resource Development. The offering is by affiliates of Riverstone Holdings LLC (which includes Riverstone Energy) and Natural Gas Partners. Riverstone Energy has participated for its proportional share of the […]
-
12 Jul 2017 2 min read
Riverstone Energy investment Sierra Oil & Gas makes major discovery
Riverstone Energy investment Sierra Oil & Gas makes major discovery. Sierra Oil & Gas has announced that the Zama 1 well has discovered significant quantities of oil in its primary target formation. Preliminary analysis indicates the presence of a contiguous oil bearing interval of over 1,100 feet (335 meters) gross, with net pay of over 650 […]
-
03 May 2017 2 min read
14th consecutive year of outperformance for BlackRock Smaller
For fourteen consecutive years BlackRock Smaller Companies has outperformed its benchmark and increased its dividend. Over that period, the NAV has grown nearly ten-fold whereas the benchmark has almost quadrupled. The compound annual increase in dividends paid over the past five years has been 20% per annum. During the year to 28 February 2017, the NAV increased […]
-
01 Mar 2017 2 min read
Riverstone Energy strong NAV growth, of 26.1%, driven by the sale of Rock Oil and valuation uplifts
Riverstone Energy (RSE) has announced its annual results for the year ended 31 December 2016. During the period, RSE saws its NAV increase by 26.1% to $20.11 per share and that the impact of Brexit, through the devaluation of sterling, contributed to the sterling NAV per share increasing by 50.5% to £5.47. RSE says that […]
-
06 Feb 2017 1 min read
14 investment trusts for income and growth in 2017
Investors looking forward to a period of calm in 2017 might be disappointed, but David Prosser has the trusts experts are backing to navigate further storms. Having just been through a year of unprecedented political upheaval that sent financial markets spinning, many investors will be assuming 2017 cannot possibly be so tumultuous. The reality, however, […]
-
21 Dec 2016 1 min read
Riverstone Energy sells loan interest in Canadian International Oil Corp
Riverstone Energy has announced that it has sold its entire CAN$ 28m second lien loan (approximately US$ 21 million) interest in Canadian International Oil Corp (CIOC) to an affiliate of Kendall Family Investments, LLC. The consideration payable by the Kendall Family Investments affiliate reportedly reflects the par value of the loan. Riverstone Energy says that […]
-
29 Nov 2016 2 min read
Riverstone Energy amending its investment policy
Riverstone Energy wants to amend its investment policy to allow it to make an additional investment in Canadian International Oil Corporation (CIOC). At the moment they are limited to a maximum of 25% in any one investment. They want to take the limit up to 35% for this investment. Shareholders get to vote on this […]
-
11 Aug 2016 2 min read
Riverstone’s dollar NAV edges up in H1
Riverstone Energy’s NAV per Share as at 30 June 2016 totalled $16.24/GBP12.25 per share, representing an increase of 29 cents or GBP1.42 compared to NAV per Share at 31 December 2015. They say the increase in NAV over the six months ended 30 June 2016 was primarily due to the increase in the fair market value […]
-
08 Aug 2016 1 min read
Riverstone sells Rock Oil
Riverstone Holdings LLC, the Manager of Riverstone Energy Limited, has announced that it has agreed to the sale of 100% of the membership interests in Rock Oil Holdings LLC, a Denver- and Houston-based oil and gas company focused on the Permian Basin, to SM Energy Company (NYSE: SM), a US-based E&P company. Rock Oil was […]
-
25 Jul 2016 2 min read
Riverstone Energy buys controlling stake in Silver Run
Riverstone Energy has announced that Silver Run Acquisition Corporation will buy a controlling stake in Centennial Resource Production, LLC. As part of the deal, Riverstone will end up with a controlling stake in Silver Run. Centennial Resource Production is an independent oil and natural gas company located in the core of the Southern Delaware Basin. On July 6, 2016, […]
-
07 Jul 2016 1 min read
Riverstone Energy to invest $175m in Centennial Resource Development
Riverstone Energy has announced that it has signed an agreement, alongside other funds affiliated with Riverstone Holdings, LLC, to acquire a majority stake in Centennial Resource Development LLC from NGP Energy Capital and certain other related coinvestment funds. Centennial is an exploration and production company focused on the acquisition and development of oil and liquids-rich […]
-
26 Feb 2016 2 min read
Small drop in NAV for Riverstone Energy
As of 31 December 2015, Riverstone Energy had a NAV per share of $15.95. This implies a year-on-year decrease of 36 cents per share. However, the strengthening of the U.S. dollar resulted in the Sterling NAV per share increasing by 36 pence when compared with the previous year, from 1047p to 1083p. Part of the decrease […]
-
21 Dec 2015 3 min read
Henderson Alternative Strategies sees performance pick up in second half
Henderson Alternative Strategies Trust has announced its annual results for the year ended 30 September 2015. During the period, the Company delivered a NAV total return of -5.0% compared with a 0.8% rise in its FTSE World Total Return Index global equity benchmark. However, the board say that they are very encouraged to see that […]
-
09 Dec 2015 1 min read
Riverstone Energy’s placing and open offer raises £67.6m
Riverstone Energy has announced that it’s placing and open offer, which has raised the full £67.6m. The company announced its intention to raise £67.6m, through the issue of up to 8,448,006 new ordinary shares at £8.00 per share on 23 November 2015. The intention was to use the proceeds to increase its stake in portfolio […]
-
23 Nov 2015 1 min read
Riverstone Energy to raise up to £65m and increase its stake in Canadian International oil
Riverstone Energy has announced a dilutive share issue. It intends to raise up to £65m through a placing and open offer at £8 per share and intends to use up to US$67m of the proceedes to increase its stake in Canadian International Oil Corp. The open offer, due to launch on 23 November 2015, is being […]
-
16 Nov 2015 1 min read
Asia ex-Japan investment trust discounts widen
The economic slowdown in China is impacting other countries in Asia and the developed world, and hopes of growth in consumer spending and the services sector coming to the rescue are fading. Rebalancing the economy away from infrastructure investment and traditional industrial drivers, while cushioning the services sector and allowing new industries to develop, is […]
-
29 Jul 2015 1 min read
Riverstone Energy now fully committed
Riverstone Energy reports a 2.25% uplift in its NAV for the six months ended 30 June 2015. They say assets at the end of the period were worth $1.244bn or $16.36 per share. they invested another $180m over the period taking the amount invested to 46% of their available capital. Commitments in the period totalled […]
-
27 May 2015 1 min read
Riverstone invests in Carrier Energy
Riverstone Energy is investing up to $33m as part of a $100m investment in Carrier Energy Partners II LLC. Riverstone and Carrier II Management previously formed Carrier Energy Partners, LLC (“Carrier I”) in August 2013 to pursue the same strategy. Since then Carrier has participated in two joint ventures targeting development of oil and gas […]
-
08 Apr 2015 1 min read
Riverstone invests in Three Rivers III
Riverstone Energy is contributing up to $167m towards what could be a $500m investment in Three Rivers Natural Resource Holdings III LLC, a newly-formed, Austin (Texas) -based oil and gas company. Three Rivers III is the third partnership between funds managed or advised by Riverstone and Three Rivers III’s management team. The first two have sold substantially […]
-
13 Feb 2015 1 min read
Riverstone Energy writes up two investments and still has $836m to spend
Riverstone Energy has published results for 2014. At the end of the year the net asset value way $16.31, an increase of 27 cents over the year. Write ups in the value of two investments generated the change in NAV as the other investments were held at cost. the two investments that were written up […]
-
21 Jan 2015 1 min read
Riverstone Energy backing CanEra
Riverstone Energy is committing C$75m towards a C$465m investment in CanEra Inc. CanEra Inc. is a newly-formed, Calgary-based oil and gas company. This is the third partnership that Riverstone Holdings (the company behind Riverstone Energy) has entered into with CanEra’s management team which includes J. Paul Charron (pictured). The previous two ventures were CanEra Resources Inc. […]
-
09 Jan 2015 1 min read
Riverstone creates new credit fund
Riverstone Energy is committing $125m towards the creation of a new $375m fund, Riverstone Credit Opportunities, L.P., which has been set up to take advantage of the lack of credit available for energy companies. The fund will be advised by Riverstone’s credit investment team, led by Christopher Abbate and Jamie Brodsky, both of whom joined […]
-
06 Nov 2014 1 min read
Riverstone Energy says CNOR investing in Tourmaline
RSE : Riverstone Energy says CNOR investing in Tourmaline Canadian Non-Operated Resources Corp, which Riverstone funded in August 2014, is investing to take a 25% interest in Tourmaline Oil’s Peace River High operated area in Alberta, Canada. They get 25% of the existing complex (all lands, wells, production, reserves, and facilities) for C$500m. Tourmaline will use the […]
-
01 Oct 2014 1 min read
Riverstone investment funds Bellatrix Exploration
RSE : Riverstone investment funds Bellatrix Exploration Riverstone Energy has announced that Canadian Non-Operated Resources Corp (a Riverstone investment earlier this year) is funding half the cost of drilling, completion, equipping and tie-in capital expenditures associated with Bellatrix’s development plans to the tune of $250m ($40m of which is Riverstone’s). Bellatrix has extensive acreage and […]
-
19 Sep 2014 1 min read
Riverstone invests in Mexican Exploration and Production company
RSE : Riverstone invests in Mexican Exploration and Production company Riverstone Energy has committed $75m towards a $525m investment in Sierra Oil & Gas. They describe Sierra as Mexico’s first independent exploration and production company. They have the opportunity to double their investment once the first lot of money has been fully committed. The announcement […]
-
15 Sep 2014 1 min read
Riverstone investment Eagle Energy buys into Mississippi Lime
RSE : Riverstone investment Eagle Energy buys into Mississippi Lime Riverstone Energy has announced that Eagle Energy Exploration LLC (known as Eagle II) has invested $195m to acquire 20,000 acres in Alfalfa, Grant and Woods counties in Oklahoma. These properties are currently producing hydrocarbons from the Mississippi Lime geological formation. The founders of Eagle Energy, […]
-
04 Sep 2014 1 min read
Riverstone Energy commits to Castex Gulf of Mexico fund
RSE : Riverstone Energy commits to Castex Gulf of Mexico fund Riverstone Energy is committing $67m towards a $200m investment in Castex Energy 2014 – a fund that will be managed by Castex Energy Inc, based in Louisiana. Castex Energy 2014 will provide finance to support Castex’s efforts “to test and develop Castex’s current and future […]
-
12 Aug 2014 1 min read
Riverstone Energy invests $100m in new Canadian oil & gas company
RSE : Riverstone Energy invests $100m in new Canadian oil & gas company Riverstone Holdings, associated funds, a Middle Eastern Sovereign Wealth Fund and Grafton Asset Management are investing $675m into a new oil & gas company based in Calgary – Canadian Non-Operated Resources LP (CNOR). Riverstone Energy is stumping up $100m of this. CNOR is […]
-
05 Aug 2014 1 min read
RSE : Riverstone Energy – Liberty II Bakken Asset Deal
Riverstone Energy – Liberty II Bakken Asset Deal Liberty II Resources, one of the handful of companies that Riverstone Energy has invested in, is exchanging 31,500 acres of its holdings in North Dakota’s Williston Basin for an additional 4,175 acres in Williston Basin (located in Williams County) and $78.4m in cash. The deal adds another 30 drilling locations. The […]
-
30 Jul 2014 1 min read
Riverstone Energy : RSE – interims
Riverstone Energy has published its first interim statement covering the period from 1 January 2014 to 30 June 2014. At the end of the period the net asset value per share was $16 and its shares were trading at a 1% discount to this. In Sterling terms the share price had fallen by 7.5% since launch […]
-
27 Mar 2014 1 min read
Riverstone Energy : RSE – new investment
Riverstone Energy has made a C$67 million commitment to Canadian International Oil Corp, part of $200m committed by Riverstone advised entities. Based in Calgary, Canadian International Oil Corp controls and operates an oil field centred on the Montney and Duvernay formations of Western Canada’s Deep Basin, about 400,000 acres in total and currently producing approximately 3,000 […]
-
13 Mar 2014 1 min read
Riverstone Energy : RSE – new investments
Riverstone Energy has announced two new investments (following on from its Liberty II investment which completed yesterday). Rock Oil Holdings, a Denver and Houston based oil & gas company, will get an investment of $250m, $83m of which will come from REL. Rock Oil’s focus will be on shale (Eagle Ford, Utica and the Permian […]
-
14 Feb 2014 1 min read
Riverstone Energy : RSE – Final results
Riverstone Energy has published numbers for its financial period which is fairly short, covering the period from incorporation on 23 May 2013 to the end of December 2013. Most of this time it was a shell; RSE listed on 29 October 2013, raising $1.23bn. The NAV at the end of December was $16.04. So far […]
-
30 Jan 2014 1 min read
Riverstone Energy : RSE – Liberty Resources II update
Riverstone Energy has announced that Liberty Resources II, its largest holding, has bought a portfolio of oil & gas assets in North Dakota’s Williston Basin for $455m. Altogether the acquisition represents 53,000 acres and 4,000 barrels of oil equivalent per day production.
-
13 Dec 2013 1 min read
Riverstone Energy : RSE
RSE will contribute $100m towards $300m being committed by Riverstone companies towards Eagle Energy Exploration. Eagle’s focus is on oil & gas exploration and production in mid US (exploiting the Mississippi Lime trend).
In The Press
-
22 Mar 2024 1 min read
Riverstone: Tender some shares in this rapidly recovering energy fund
Gavin Lumsden, Citywire Investment Trust Insider, 21 Mar 2024: This article was published in the Telegraph earlier today. If shareholders have learned anything about Riverstone Energy (RSE) during its volatile 10 years, it is perhaps to take profits where you can in a fund investing on both sides of the energy transition. But what do […]
-
1 min read
Questor: These investors face an urgent dilemma – this is what they should do
Gavin Lumsden, Daily Telegraph, 20 March 2024: If shareholders have learned anything during a volatile 10 years about Riverstone Energy, a fund investing on both sides of the energy transition, it is to take profits when you can. But what do you do when the investment company offers to buy back your shares for 31pc […]
-
21 Aug 2023 1 min read
Investment trust insider on Riverstone Energy
Investment trust insider on Riverstone Energy – James Carthew: Riverstone Energy’s unreasonable tender Riverstone Energy (RSE) made headlines this week when it announced a tender offer for up to 30.4% of its issued share capital. The fund is almost 10 years old, having launched in October 2013. The initial issue was a phenomenal success, raising […]
-
16 Jan 2023 1 min read
Investment trust insider on running last year’s winners
James Carthew: Some 2022 winners are worth holding onto this year I’m uneasy about the resilience of the recent stock market rally. Despite this, I think a few of last year’s big gainers could do well again in 2023. Against a difficult backdrop, only about a third of investment companies generated a positive share price […]
-
20 Dec 2022 1 min read
Falling at the first hurdle
Cherry Reynard, Trustnet Magazine, 20 December 2022: There was widespread optimism in the world of investment trusts at the start of 2022… However, as soon as Russia invaded Ukraine in February, all bets were off. This set off a chain of events, with disruption to commodity markets pushing up inflation, leading to higher interest rates […]
-
21 Apr 2022 1 min read
Discover the best and worst performing investment trusts so far in 2022
James Crux, Shares Magazine, 21 April 2022: Rising interest rates since the turn of the year, runaway inflation and Russia’s shocking invasion of Ukraine have shaken the investment kaleidoscope in 2022 and forced many investors to reposition portfolios for an increasingly uncertain world… COMMODITIES TRUSTS IN DEMAND Precipitated by the supply/demand imbalances caused as global […]
-
14 Mar 2022 1 min read
The trusts with the biggest discount/premium changes since the crisis
Kathleen Gallagher, Investment Week, 10 March 2022: Since Russia invaded Ukraine on 24 February, investment trusts have, unsurprisingly, seen big moves in their discounts and premiums, this is leading to some trusts looking expensive and others starting to look more appealing. The figures from the Association of Investment Companies and Morningstar excluded those with large […]
-
29 Jul 2020 2 min read
Investment trust insider on ESG
Investment trust insider on ESG – James Carthew: ESG? Riverstone, you’re having a laugh Riverstone Energy (RSE) has just announced a deal whereby it, and other funds managed or advised by its investment manager, will refinance Enviva, a leading player in the manufacture of wood pellets. The pellets are burnt in power stations (like the UK’s […]
-
15 Jun 2020 2 min read
Opportunities for the optimistic investor
Opportunities for the optimistic investor: The cheap shares and investment trusts that could thrive post-lockdown By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 22:01, 12 June 2020 | UPDATED: 10:29, 14 June 2020 Seldom has optimism been such a controversial state of mind. Anyone who dares to voice the hope that recovery may be possible is likely to be called […]
-
09 Apr 2020 2 min read
Investment trust insider on bombed out funds
Investment trust insider on bombed out funds – James Carthew: two of six 2020 disasters may yet fly Many investment companies have dived in value this year. You could probably predict some of the list of the worst-performing share prices: Infrastructure India (IIP), whose main asset is a ports business which has seen a dramatic slump […]
-
13 Jan 2020 1 min read
Equity trusts offer value as renewables and infrastructure premiums climb
Equity trusts offer value as renewables and infrastructure premiums climb By David Brenchley Investment company discounts moving into 2020 have “never been tighter”, but trust buyers are still seeing bargain opportunities in a number of equity-oriented mandates… Through 2019, the renewables sector re-rated from a 4% premium at the beginning of the year to a […]
-
07 Feb 2019 1 min read
Investment Trust Insider on the past decade
Investment Trust Insider on the past decade – James Carthew: the constant evolution of investment trusts A decade ago, when we were emerging from the global financial crisis, I was managing Advance UK Trust and Citywire was just 10 years old. All of this seems like a long time ago now. Recently, I found a Winterflood […]