Riverstone Energy Limited (GB:RSE) has released an update.
Riverstone Energy Limited reports a strong first quarter in 2024, with a net asset value (NAV) per share of $18.26, marking a significant increase from the previous year’s end. The company’s profits were positively impacted by gains in their investments, particularly in Permian Resources and Crescent Point Energy, though offset by write-downs in other areas. Additionally, REL executed a share buyback program, acquiring and cancelling over 15 million shares, which contributed to the NAV per share increase.
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