Trading Updates 17/06/2019
Sold: Riverstone Energy
Riverstone Energy, the specialist listed private equity fund focused on the oil & gas sector, has been sold.
The company’s investment portfolio is concentrated on small and medium sized shale operators in the US and Canada where the outlook has deteriorated markedly due to tightening financing conditions and infrastructure bottlenecks, while rapid production growth from the oil majors has suppressed pricing. Riverstone Energy was held in the Growth and Progressive Funds only.
Cornelian Investment Team