Riverstone Energy Limited (RSE)

Sector:

Investment Firms

Index:

FTSE Small Cap

830.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 847.00p
  • 52 Week Low: 680.00p
  • Currency: UK Pounds
  • Shares Issued: 24.59m
  • Volume: 24,262
  • Market Cap: £204.11m
  • Beta: 0.00

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 830.00p
Change Today -4.00p
% Change -0.48 %
52 Week High 847.00p
52 Week Low 680.00p
Volume 24,262
Shares Issued 24.59m
Market Cap £204.11m
Beta 0.00

RSE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.93% above the market average64.93% above the market average64.93% above the market average64.93% above the market average64.93% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Price Trend
24.67% above the market average24.67% above the market average24.67% above the market average24.67% above the market average24.67% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average
Income Not Available
Growth
78% below the market average78% below the market average78% below the market average78% below the market average78% below the market average
39.35% below the sector average39.35% below the sector average39.35% below the sector average39.35% below the sector average39.35% below the sector average

RSE Dividends

No dividends found

Trades for 14-Jul-2025

Time Volume / Share Price
13:12 5,500 @ 830.00p
13:12 5,500 @ 830.00p
13:09 1,000 @ 830.00p
13:05 1,202 @ 829.80p
10:14 200 @ 824.00p

RSE Key Personnel

Chair Richard Horlick

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