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    RBY   CA78111B2066

RUBELLITE ENERGY INC.

(RBY)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 05/13 04:00:00 pm
3.9 CAD   -2.26%
05/12RUBELLITE ENERGY : 05/11/2022 – Presentation
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05/11RUBELLITE ENERGY : 05/11/2022 – First Quarter Results
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05/11RUBELLITE ENERGY : Q1 2022 Management's Discussion and Analysis
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Rubellite Energy Inc. Reports Production Results for the Fourth Quarter of 2021

01/18/2022 | 07:13pm EDT

Rubellite Energy Inc. reported production results for the fourth quarter of 2021. The Company recorded fourth quarter oil sales production of 647 bbl/d, in line with the fourth quarter guidance range of 650 – 700 bbl/d, despite extremely cold weather conditions in late December which hindered trucking to sales, new well startups and field operations generally. Rubellite's fourth quarter drilling program at Ukalta began to contribute materially to the ramp up of oil sales production volumes throughout December, which averaged 918 bbl/d, as new multi-lateral wells were rig released and achieved full recovery of oil-based drilling mud ("OBM") losses which are not recorded as sales production as the OBM is re-used in future drilling operations or sold and credited back to drilling capital. Rubellite currently has a total of 18 (17.0 net) multi-lateral wells contributing to oil sales production and 3 (3.0 net) additional wells rig released and in the start-up stage of recovering OBM. Current sales production is over 1,100 bbl/d of conventional heavy oil and will continue to ramp up over the month of January and throughout the remainder of the first quarter as new wells reach full recovery of OBM and are optimized, and an additional 9 (7.0 net) planned wells are drilled, recover their OBM and commence delivery to sales terminals.


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All news about RUBELLITE ENERGY INC.
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Analyst Recommendations on RUBELLITE ENERGY INC.
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Financials
Sales 2022 65,1 M 50,3 M 50,3 M
Net income 2022 - - -
Net cash 2022 21,0 M 16,3 M 16,3 M
P/E ratio 2022 -
Yield 2022 -
Capitalization 213 M 165 M 165 M
EV / Sales 2022 2,96x
EV / Sales 2023 1,32x
Nbr of Employees -
Free-Float 67,1%
Chart RUBELLITE ENERGY INC.
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Rubellite Energy Inc. Technical Analysis Chart | RBY | CA78111B2066 | MarketScreener
Technical analysis trends RUBELLITE ENERGY INC.
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 3,90 CAD
Average target price 6,00 CAD
Spread / Average Target 53,8%
Managers and Directors
Susan L. Riddell Rose President, Chief Executive Officer & Director
Ryan A. Shay Chief Financial Officer, Director & VP-Finance
Holly A. Benson Independent Non-Executive Director
Tamara MacDonald Independent Non-Executive Director
Bruce Shultz Independent Non-Executive Director
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