Companies that produce or refine oil and gas, oil field services and equipment companies, and pipeline operators.
Crystal Amber Fund (CRS) announced results for the six months ended 31 December 2022. The total return was 4.4%, comfortably ahead of the benchmark Numis Small Cap Index return of 1.3%. Despite the solid performance, NAV fell 10% and the discount now sits at around 25% as the company continues to wind down after failing […]
Activist investment fund, Crystal Amber (CRS) has sent the board of Hurricane a requisition notice requiring Hurricane to convene a general meeting at which resolutions will be proposed to remove six directors and appoint two new directors. The directors that CRS proposes removing are executives Antony Maris and Richard Chaffe, Non-Executive Chairman, Philip Wolfe and, […]
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 […]
BlackRock Energy and Resources Income (BERI) has announced its annual results for the year ended 30 November 2020 which show that the trust is making progress on its transition to stocks that offer exposure to the transition in the energy sector, away from carbon-based energy supplies towards alternative and renewable sources. The implementation of this […]
Bluefield Solar Income Fund has published a circular to shareholders in which it has set out proposals that are designed to prepare for the future. The company wants to amend its Investment Objective and Investment Policy, make changes to the Investment Advisory Agreement and disapply pre-emption rights. Shareholders will have the opportunity to vote on […]
Gore Street Energy Storage Fund (GSF) has announced that JXTG Nippon Oil & Energy Corporation of Japan has subscribed for £2,883,000 (before expenses) of its shares in a direct subscription. In tandem with this, the company has also separately announced a retail offer that it to be conducted through the PrimaryBid platform, as well as […]
Foresight Solar (FSFL) has provided an update to investors on its response to the covid-19 outbreak. The takeaweays are: in FY20 there has been no operational disruption linked to covid-19; The Company has conducted a full review of all key service providers. It has confidence in the resilience of their business continuity plans. Foresight has […]
Gresham House Energy Storage Fund (GRID) has announced has completed its investment in the 49MW battery-only project known as Red Scar. The Project, which is located on the Red Scar Business Park, by the Longridge Road and the M6 outside Preston, was acquired for a total enterprise value of approximately £32.8m (inclusive of £1.0m of […]
SDCL Energy Efficiency Income Trust (SEIT), the first UK-listed investment company of its kind to invest exclusively in the energy efficiency sector, has agreed to acquire a 50% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, from a consortium led by Fortistar for an equity cash consideration […]
US Solar Fund plc (USF) has announced that it has closed the acquisition of 100% of the cash equity interests, alongside tax equity financing, in six utility-scale solar power projects. The projects, whose capacity totals 39MWDC, are located in North Carolina. The Company announced the acquisition on 10 December 2019 and has progressed to financial […]
SDCL Energy Efficiency Income (SDCL) has announced a £40m placing at 104p per share. The placing price represents a discount of approximately 5.5% SDCL’s closing price on 17 December 2019 of 110p per share, and a premium of approximately 5.1% to the trust’s NAV per share of 99.0p as at 30 September 2019. The placing was announced after […]
SDCL Energy Efficiency Income targets more capital to fund growth – The board of SDCL Energy Efficiency Income (SEIT) has announced a proposed placing of new ordinary shares under its existing share issuance programme to institutional investors at a price of 103 pence per share. In addition, the company today announced that the unaudited estimated NAV as […]
SDCL Energy Efficiency Income in EUR64m Spanish cogeneration deal – SDCL Energy Efficiency Income (SEIT) has struck a deal to acquire a portfolio of cogeneration assets in Spain for around EUR64m. SEIT says that the substantial majority of the portfolio’s revenues are investment grade, with nine operational projects providing in aggregate 125 MW of clean and efficient […]
SDCL Energy Efficiency Income makes $22m loan investment – SDCL Energy Efficiency Income (SDCL) has announced a $22m investment, structured as a portfolio of secured senior and subordinated loans, into a diversified portfolio of contracts. The investment includes a portfolio of loans, leases and subscription agreements relating to energy systems outsourcing and energy efficiency projects located across […]
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 […]
QuotedData visits Bluefield Solar’s Elms farm – Earlier this week, QuotedData attended an analyst and investor site visit arranged by Bluefield Solar Income Fund (BSIF). BSIF is a client of our sponsored research service – we published an initiation note earlier this year, which you can access here. We figured it would be interesting to share […]
SDCL Energy Efficiency Income reports inaugural results – SDCL Energy Efficiency Income (SEIT) is one of the newer investment trusts having listed in December 2018, raising £100m. It has this morning released its inaugural set of annual results, covering the period to 31 March 2019. The market for energy efficiency is rampant globally, which has […]
QuotedData’s other news – 17 April 2019 AVI Japan Opportunity (AJOT) announced this morning that based on a conviction that there is still a significant amount of unlocked value in quality over-capitalised smaller companies in Japan, it is considering raising additional capital through a share issue. AJOT floated in October 2018 and by February this […]
SDCL Energy Efficiency Income raises £72m – SDCL Energy Efficiency Income Trust (SEIT) has announced that it has raised £72m in a new ordinary share placing. The company floated recently (December 2018), raising £100m, and the latest injection of equity will allow it to push forward with some of the acquisition opportunities it is currently […]
Infrastructure India reaches $105m loan agreement – Infrastructure India (IIP) has agreed a conditional proposed financing worth up to $105m with IIP Bridge Facility, an affiliate of GGIC. The loan is expected to provide capital to allow distribution logistics infrastructure private (DLI), a subsidiary of IIP, to complete, commission and ramp up all of its […]
SDCL Energy Efficiency Income makes first US acquisition – SDCL Energy Efficiency Income Trust (SEIT), which listed on the London Stock Exchange on 11 December 2018 having raised £100m from its IPO, has announced that it has completed the acquisition of a 71% interest in a high-quality Combined Heat and Power (“CHP”) portfolio. The portfolio consists […]
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 […]
QuotedData join the Master Investor Show 2019 main stage line-up – QuotedData is, once again, a key sponsor for the Master Investor Show. Edward Marten, QuotedData’s CEO, shall join the Main Stage line-up on Saturday, 6 April, at London’s Business Design Centre. We’d love to see as many of you as we can at the event. […]
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 […]
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 […]
Along with the notice of its AGM, El Oro has published details of a new proposed rollover into JPMorgan Elect that the board is exploring as an alternative to a liquidation of the Company. The board says that their proposal offers a real choice to shareholders of either cashing out or rolling over into a […]
New City Energy has published results for the year ended 30 September 2016. The total return in net asset value terms was 6.3%. The total return in ordinary share price terms was 28.6%, with the share price ending the year at a discount against net asset value of 14.7%. The chairman says that the investment managers […]
New City Energy’s board of directors has been reviewing, with the investment manager, the future prospects of the company ahead of the next continuation vote. Given the current market capitalisation of the company, the prevailing share price discount and the short to medium term outlook for the oil price, the board has decided that it would be […]
New City Energy reports that, over the six months ended 31 March 2016, its net asset value in total return terms was slightly down at -1.0% (they say, as the portfolio was defensively positioned). The ordinary share price (total return) was down by 0.1%, ending the period at a discount of 28.1%. The chairman says, […]
CQS New City High Yield’s net asset value fell by 3.0% to 56.9 pence per share during the six months ended 31 December 2015. Adjusted for the payment of dividends totalling 1.94 pence per share for the period the net asset value total return was essentially flat at -0.1%. The share price total return for the same […]
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