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Rubellite Energy Inc T.RBY

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

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

Post by Nextlegupon Mar 27, 2023 9:47am
358 Views
Post# 35362081

Rubellite is a waste of time and money...

Rubellite is a waste of time and money...I'm looking for bids to sell more...and pretty much given up.

Pathetic 1 lot bids being put in to give the illusion of support when looking at the bid ask spread....

Current price no where near the deal price for the current flow through deal they are trying to close (supposedly tomorrow)....

Hopefully, they limp over the finish line for the sake of current shareholders...Perhaps insiders will have to take down more than $8 million of the deal to save face and close this up...

I still have more to sell...would be nice to see a bit of a bounce before I blow off the rest of the shares and move on, rather than sit on this dog for 6 months and realize what I already suspect...
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