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Bullboard - Stock Discussion Forum
Rubellite Energy Inc
T.RBY
Alternate Symbol(s):
RUBLF
|
T.RBY.WT
Energy
Oil & Gas E&P
Energy
Industrials
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.
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TSX:RBY - Post Discussion
Rubellite Energy Inc
> Bids Building
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•••
retiredcf
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Post by
retiredcf
on May 25, 2023 12:44pm
Bids Building
No argument that RBY's performance has been lousy but the stock is clearly being played. Large bids have now moved in that would punch out all the asks to beyond $2.00. GLTA
(203)
•••
Nextlegup
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Comment by
Nextlegup
on May 25, 2023 6:07pm
DCF... There might be some bids building, but honestly, who wants to own shares in a company with such poor liquidity you can't get out when you decide to sell? The lack of professionalism displayed here on so many levels further compromises the trust of investors. (IR didn't return my calls) The bids-ask spreads are atrocious, and whomever the market maker is trades this
...more
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