Rubellite Energy Inc T.RBY

Alternate Symbol(s): RUBLF | T.RBY.WT

Rubellite Energy Inc. is a Canadian energy company. The Company is engaged in the exploration, development and production of heavy crude oil from the Clearwater formation in Eastern Alberta, utilizing multi-lateral drilling technology. It is developing its pure Play Clearwater asset base in Eastern Alberta utilizing multi-lateral drilling technology. It has over 140 net sections of land prospective for Clearwater heavy oil exploration and development. Its operations include Ukalta, Figure Lake and Marten Hills. The Ukalta is located approximately 55 miles northeast of Edmonton. It has a 100% working interest at Figure Lake. It has accumulated close to 85 sections of land prospective for the Clearwater play in the Figure Lake area. It is actively developing its three sections of land at Marten Hills.

TSX:RBY - Post by User

Rubellite Energy Inc > Analyst Recommendation

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Post by retiredcfon Apr 12, 2022 9:36am

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Post# 34596477

Analyst Recommendation

First I had ever heard about RBY but it looks interesting so I just initiated a position. GLTA

https://www.bnnbloomberg.ca/video/john-o-connell-discusses-crescent-point-energy~2420133

COMMENT

Crescent Point Energy Corp(CPG-T)

10/04/2022 at 08:00pm

It is a good company and has done well navigating through the oil and gas turmoil. It is buying back stock. The oil and gas business is tricky. Consider Tourmaline (TOU) as a more diversified company and its sister company Topaz. He also suggested Rubellite Energy (RBY) as a very good micro cap. It is not being followed, trades at 2X cash flow and has very good drilling/exploration potential in a project.

OIL / GAS

John O'Connell, CFA

$8.860

Unknown

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