Bullboard - Stock Discussion Forum 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... see more

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TSX:RBY - Post Discussion

Rubellite Energy Inc > Analyst Recommendation

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Post by retiredcf on Apr 12, 2022 9:36am

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

251

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Comment by Hugo1947 on Apr 12, 2022 11:16am

This company is a spinoff from Perpetual Energy which was in trouble the past few years over not cleaning up retired oil and gas wells in the Canadian west. The government finally picked up the tab for the clean ups and it should be quite profitable over the coming years. It has light oil which is the best grade to sell. Also Perpetual should also be a winner again because of its high natural gas ...more

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