Trade Riverstone Energy Ltd - RSE CFD

Riverstone Energy Company profile

About Riverstone Energy Ltd

Riverstone Energy Limited (REL) is a closed-end investment company. The Fund's investment objective is to generate long-term capital growth by investing in the global energy sector, with a particular focus on opportunities in the exploration, and production and midstream energy sub-sectors. The Fund may also make investments in other energy sub-sectors, including energy services, and power and coal. The Fund invests in public or private securities, may hold controlling or non-controlling positions in its investments and may make investments in the form of equity, equity-related instruments, indebtedness or derivatives. REL has made over 10 investments spanning conventional and unconventional oil and gas activities in the Gulf of Mexico, Continental United States, Western Canada, the United Kingdom North Sea, the Norwegian Sea and Mexico. The Fund's investment manager is Riverstone International Limited.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Riverstone Energy Ltd revenues increased from -$315.9M to $346.7M. Net income totaled $341.9M vs. loss of $318.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Directors fees and expenses decrease of 5% to $648K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$4.42 to $5.62.