Riverstone announces £55m tender offer
15th Oct 2018 14:02
(Sharecast News) - Riverstone Energy announced a tender offer for up to £55m in value of the company's ordinary shares on Monday, to be acquired at a single strike price in a range between £12.00 and £13.75 per share, to be determined on the basis of tenders received.
Read moreRiverstone Energy investment Hammerhead secures £175m equity commitment
18th Sep 2018 07:49
(Sharecast News) - Hammerhead Resources - the biggest investment of FTSE 250 company Riverstone Energy - has secured a preferred share equity commitment of up to CAD 300m (£175.19m) that it said would provide it financial flexibility to continue its organic growth program across its resource base, it announced on Tuesday.
Read moreRiverstone Energy makes further NAV gains in first half
15th Aug 2018 08:44
(Sharecast News) - Riverstone Energy issued its half-year results for the six month period ended 30 June on Wednesday, reporting a closing net asset value of $1.75bn, and a net asset value per share of $20.76 or £15.72.
Read moreDirector dealings: Riverstone Energy director buys in even after strong run
11th Jan 2017 16:32
(ShareCast News) - Patrick Firth, Riverstone Energy's Senior non-executive Independent Director, bought 4,000 shares in the closed-ended investment company at an individual price of 1,3430p, for a total consideration of £53,720. The purchase was carried out on 9 January, the company said in a statem
Read moreRiverstone Energy invests $93m in CDEV
28th Dec 2016 07:22
(ShareCast News) - Riverstone Energy said it had invested $93m into its portfolio company Centennial Resource Development (CDEV) as part of a deal to buy independent oil and gas firm Silverback Exploration. CDEV bought Silverback in November and struck a deal with Riverstone for an investment commit
Read moreRiverstone Energy swaps CIOC loan for warrants
21st Dec 2016 07:17
(ShareCast News) - Riverstone Energy has offloaded a C$28m loan interest in Canada's CIOC and swapped the proceeds for an investment in CIOC warrants instead. The second lien loan, which was made to CIOC by the FTSE 250 company in December 2015 and has a maturity in 2020, confers no equity rights in
Read moreDirector dealings: Riverstone Energy directors continue buyback
28th Nov 2016 15:40
(ShareCast News) - While some of the major oil-producing nations pussy-footed about in the spotlight of the OPEC meeting this week, three directors of oil investor Riverstone Energy again showed their confidence in the company´s prospects with a combined £0.59m share purchase as part of a continued
Read moreRiverstone improves NAV per share despite difficult market
26th Oct 2016 08:00
(ShareCast News) - Riverstone Energy issued its interim management statement ("IMS") for the three months to 30 September on Wednesday, with net asset value at period end of $1.56bn, or $18.41 per share. The FTSE 250 firm's profit during the three months was $183.1m, or 216.75 cents on a per-share b
Read moreFTSE 250 movers: Opec outperformers offset housing and outsourcing slips
29th Sep 2016 14:59
(ShareCast News) - Oil-related stocks led the FTSE 250 higher on Thursday after Opec's surprise overnight deal, though an initial spike tailed off towards the close. Producer Tullow Oil, which is seen as quite crude-price sensitive, led the leaderboard, while oil investor Riverstone Energy was not f
Read moreRiverstone improves net asset value by almost 2pc
11th Aug 2016 09:58
(ShareCast News) - Riverstone Energy announced its half year results for the six months to 30 June on Thursday, with net asset value reaching $1.37bn, or $16.24 per share, up 29 cents or 1.79% from the beginning of the period. The FTSE 250 firm reported a $25.2m profit during the period, making for
Read moreRiverstone Energy makes USD123m gain on US oil and gas investment
8th Aug 2016 13:20
(ShareCast News) - Riverstone Energy (REL) will make a $123m gain on the sale of a US oil and gas asset, more than doubling its initial investment. REL's parent company Riverstone Holdings has agreed the sale of Denver- and Houston-based Rock Oil Holdings to fellow US-based producer and explorer SM
Read moreRiverstone acquiring majority of Centennial Resource
7th Jul 2016 08:06
(ShareCast News) - Energy-focused private investment firm Riverstone Energy announced on Thursday that it has signed an agreement, along with other funds associated with Riverstone Holdings, to acquire a majority stake in Centennial Resource Development from NGP Energy Capital and other related fund
Read moreRiverstone Q1 NAV falls, but sees 'fertile' investment opportunities
20th May 2016 08:08
(ShareCast News) - Investment company Riverstone Energy said its first quarter net asset value fell to $1.33bn from $1.34bn at the end of 2015, but said the current oil price slump was creating a "fertile" environment for investment. The energy-focused firm also booked an $8.2m pre-tax loss for the
Read moreDirector dealings: Anglo's Cutifani dips in, Mills's takes more profits at Gleeson
15th Mar 2016 15:04
(ShareCast News) - Mark Cutifani, chief executive of Anglo American, has spent £220,000 buying shares in the troubled mining company. The Australian, whose annual bonus was revealed on Monday to have shrunk 40% due to the company's tumbling share price, bought 40,000 ordinary shares of at a pr
Read moreRiverstone Energy's asset value rises but profit drops
26th Feb 2016 12:08
(ShareCast News) - Riverstone Energy has increased its year-end net asset value by 8.6%. The FTSE 250 energy investment company said for the year to 31 December 2015, its net asset value rose from $1.24bn (£0.88bn) to $1.35bn. However after its placing and open offer in December, the net asset valu
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