Rubellite Energy Corp T.RBY

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

Rubellite Energy Corp. is a Canada-based company. The Company’s wholly owned subsidiaries include Rubellite Energy Inc. (Rubellite), and Perpetual Energy Inc. (Perpetual). Rubellite is an energy company engaged in the exploration, development and production of heavy crude oil from the Clearwater and Mannville stack Formations in Eastern Alberta, utilizing multilateral drilling technology. Rubellite has a prolific, oil-focused asset base and is pursuing a robust growth plan. Rubellite operations include Ukalta, Figure Lake, Frog Lake, and Marten Hills. The Ukalta is located approximately 55 miles northeast of Edmonton. It has a 100% working interest at Figure Lake. Perpetual is an oil and natural gas exploration, production and marketing company. Perpetual owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta and undeveloped bitumen leases in Northern Alberta.

TSX:RBY - Post by User

Rubellite Energy Corp > Comparison and Assessment

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Post by retiredcfon Nov 13, 2022 4:59pm

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Post# 35095288

Comparison and Assessment

Could you provide an opinion of the prospects and balance sheets of Gear Energy and Rubellite Energy?

GXE is small, but it has a pristine balance sheet, decent management and good prospects. We would have no qualms in holding this as a small cap sector name. RBY is smaller than GTE and has a shorter history. But it has no debt and $27M cash, and good growth is expected. We do not know it as well, but we see no red flags other than size and sector risks. Insiders own 33% and we like the management and board. TOU's Mike Rose is also involved which adds more comfort. (5iResearch)

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