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Investegate |Riverstone Energy Ld Announcements | Riverstone Energy Ld: Announces 4Q20 Quarterly Portfolio Valuations

Quarterly Performance Commentary
Following a significantly challenged macro environment for energy during the first three quarters of 2020, the market started to see a modest recovery during the fourth quarter as oil demand picked up globally following the lifting of global lockdowns put in place during the first half of the year, coronavirus vaccine approvals, and additional OPEC+ production cut agreements. These positive developments led to an increase in WTI of approximately 21 per cent., quarter-over-quarter. Additionally, the S&P Oil and Gas Index and S&P Energy Select Index increased by approximately 39 per cent. and 27 per cent. during the same period, respectively. However, significant uncertainty around energy demand remains, and many producers within the energy sector continue to operate at reduced levels of activity as they navigate through these unprecedented market conditions. REL remains focussed on managing liquidity at the portfolio company level, while continu ....

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Madison County awarded federal funds for Emergency Food and Shelter programs

Madison County, N.Y. â The United Way of Greater Oneida (UWGO) announced Madison County has been chosen to receive $31,666 to supplement emergency food and shelter programs in the county.
The selection was made by a National Board that is chaired by the U.S. Department of Homeland Security s Federal Emergency Management Agency and consists of representatives from The Salvation Army; American Red Cross; The Jewish Federations of North America; Catholic Charities, USA; National Council of the Churches of Christ in the USA; and, United Way Worldwide.
The UWGO said a local board, made up of representatives from service agencies in the area, will determine how the funds awarded to Madison County are to be distributed among the local service agencies that run emergency food and shelter programs in the area. This board is also responsible for recommending agencies to receive these funds and any additional funds available under this phase of the program. ....

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