Liberty Oilfield Services falls as Riverstone exits

Riverstone Holdings

08/06/2021 12:05

** Liberty Oilfield Services Inc  LBRT.N  shares down ~7% at
$15.60 premarket on secondary offering
    ** LBRT late Mon announced sale of ~12.3 mln shares by
Riverstone/Carlyle partnership entities  urn:newsml:reuters.com:*:nBw17fJ4Pa
    ** With sale, Riverstone fully exits remaining ~7% LBRT
stake
    ** Morgan Stanley sole underwriter for offering, set to
price Tues before the bell
    ** In Feb, Riverstone/Carlyle sold 8.7 mln shares in
secondary priced at $11.45  urn:newsml:reuters.com:*:nL1N2KF165
    ** In Jan, completed acquisition of Schlumberger's  SLB.N 
shale fracking business in all-stock deal; SLB has 39% LBRT
stake (~66.3 mln shares)
    ** LBRT shares up ~62% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))