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Bullboard - Stock Discussion Forum
Rubellite Energy Corp
RUBLF
Primary Symbol:
T.RBY
Alternate Symbol(s):
T.RBY.WT
Energy
Oil & Gas E&P
Energy
Industrials
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.
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TSX:RBY - Post Discussion
Rubellite Energy Corp
> 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
(124)
•••
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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