Riverstone Energy Limited (RSE)

Sector:

Investment Firms

Index:

FTSE Small Cap

831.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 992.00
  • 52 Week Low: 528.00
  • Currency: UK Pounds
  • Shares Issued: 27.00m
  • Volume: 10,586
  • Market Cap: £224.35m

Riverstone Energy adds £46m to buyback after Pipestone sale

By Sean Farrell

Date: Tuesday 08 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Riverstone Energy said it would buy back an extra £46m of shares after completing the C$53m (£31m) sale of its stake in Canada's Pipestone Energy.
The oil and gas explorer said it sold its position in Pipestone for C$4.55 a share and would use the £31m proceeds to make further investments in decarbonisation and energy transition alongside the increased buyback.

Riverstone has bought back 7.74 million shares since May 2021 at a cost of about £36m, with £4m of the planned repurchases remaining.

"The board and the investment manager have now agreed to allocate an additional £46m to the programme," Riverstone said.

The company will seek shareholder approval to buy up 14.99% of its shares at a general meeting. Riverstone shares rose 4.4% to 528p at 10:43 GMT.

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RSE Market Data

Currency UK Pounds
Share Price 831.00p
Change Today 16.00p
% Change 1.96 %
52 Week High 992.00
52 Week Low 528.00
Volume 10,586
Shares Issued 27.00m
Market Cap £224.35m

RSE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.18% above the market average63.18% above the market average63.18% above the market average63.18% above the market average63.18% above the market average
78.45% above the sector average78.45% above the sector average78.45% above the sector average78.45% above the sector average78.45% above the sector average
Price Trend
65.51% above the market average65.51% above the market average65.51% above the market average65.51% above the market average65.51% above the market average
62.58% above the sector average62.58% above the sector average62.58% above the sector average62.58% above the sector average62.58% above the sector average
Income Not Available
Growth
77.98% below the market average77.98% below the market average77.98% below the market average77.98% below the market average77.98% below the market average
75.78% below the sector average75.78% below the sector average75.78% below the sector average75.78% below the sector average75.78% below the sector average

RSE Dividends

No dividends found

Trades for 22-Jul-2024

Time Volume / Share Price
16:36 326 @ 820.00p
11:59 300 @ 820.00p
09:03 10 @ 814.00p
08:27 1,500 @ 820.00p
08:26 2,500 @ 820.00p

RSE Key Personnel

Chair Richard Horlick

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