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Riverstone Energy Limited ( (GB:RSE) ) has issued an update.
Riverstone Energy Limited announced it has repurchased 25,000 of its ordinary shares on the London Stock Exchange at a price of 798.00 per share, intending to cancel these shares. This transaction reduces the total number of shares in issue to 25,265,546. The buyback reflects the company’s ongoing efforts to manage its share capital effectively, which may impact shareholder value positively by potentially increasing earnings per share and enhancing market perception.
More about Riverstone Energy Limited
Riverstone Energy Limited (REL) is a closed-ended investment company that operates within the energy sector. Its investments are diversified across decarbonisation, oil and gas, renewable energy, and power sectors in regions including the Continental U.S., Western Canada, Europe, and Australia. REL’s shares are listed on the London Stock Exchange under the symbol RSE. The company has rebranded its investment in Crescent Point Energy Corp. to Veren Inc., now trading under the ticker ‘VRN’ on the TSX and NYSE.
YTD Price Performance: 1.53%
Average Trading Volume: 28,270
Technical Sentiment Consensus Rating: Sell
See more insights into RSE stock on TipRanks’ Stock Analysis page.
