12th Oct 2018 09:42
LONDON (Alliance News) - Investment company Riverstone Energy Ltd said Friday its total current portfolio value stood at USD1.98 billion on September 30, the end of its third quarter, representing a 1.4 times gross multiple of invested capital.
At the end of second quarter on June 30, the company's portfolio was valued at USD1.90 billion. Total portfolio value includes both gross realised capital and unrealised value.
The company said its investment in Canadian energy company Hammerhead Resources contributed USD527 million to the third quarter total portfolio value. Centennial Resource Development, a US-based oil producer, contributed USD339 million.
Total investment realisations in the three month period stood at USD286 million. Realisations in the second quarter had amounted to USD280 million.
Shares in Riverstone were trading 0.5% higher at 1,266.00 pence each on Friday afternoon.
Related Shares:
Riverstone Energy