Rubellite Energy Inc.

Equities

RBY

CA78111B2066

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 15:58:11 2024-05-31 EDT			5-day change	1st Jan Change
2.4 ^CAD	-2.04%		-4.00%	+19.40%

05-13	Rubellite Energy Swings to a First-Quarter Loss Despite Revenue and Oil Production Gains	MT
05-13	Rubellite Energy Brief: Net loss was $4.2 million in Q1 of 2024 Vs Q1 2023 $1.7 million net income, driven by a $13.9 million unrealized loss on risk management contracts	MT

Rubellite Energy Inc. Reports Production Results for the First Quarter 2024

May 13, 2024 at 05:03 pm

Rubellite Energy Inc. reported production results for the first quarter 2024. For the quarter, company reported conventional heavy oil sales production of 4,514 bbl/d up 7% from the fourth quarter of 2023 (Q4 2023 - 4,209 bbl/d), up 51% from the first quarter of 2023 (Q1 2023 - 2,990 bbl/d), and exceeded the Company's First Quarter 2024 guidance range of 4,450 to 4,500 bbl/d.

Latest news about Rubellite Energy Inc.

Rubellite Energy Swings to a First-Quarter Loss Despite Revenue and Oil Production Gains	05-13	MT
Rubellite Energy Brief: Net loss was $4.2 million in Q1 of 2024 Vs Q1 2023 $1.7 million net income, driven by a $13.9 million unrealized loss on risk management contracts	05-13	MT
Rubellite Energy Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-13	CI
Rubellite Energy Inc. Provides Production Guidance for the Year 2024	05-13	CI
Rubellite Energy Inc. Reports Production Results for the First Quarter 2024	05-13	CI
Rubellite Energy Maintained at Buy at Stifel FirstEnergy Following Q4 Results; Price Target Lowered to C$3.60	03-20	MT
Rubellite Energy Jumps 9% As Posts Lower Q4 Net Income YOY; Provides Q1 and Full Year 2024 Guidance	03-15	MT
North American Morning Briefing : Inflation Worries Continue to Weigh on Mood	03-15	DJ
Rubellite Energy Posts Lower Q4 Net Income YOY; Provides Q1 and Full Year 2024 Guidance	03-15	MT
Rubellite Energy Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	03-14	CI
Rubellite Energy Inc. Provides Production Guidance for the First Quarter and Full Year 2024	03-14	CI
Rubellite Energy Provides Q4 2023 Production, 'Positive' Step Out Well Results at Figure Lake; Offers Update on Commodity Price Risk Management Contracts; Up Nearly 5%	01-17	MT
Rubellite Energy Provides Q4 2023 Production, 'Positive' Step Out Well Results at Figure Lake; Offers Update on Commodity Price Risk Management Contracts	01-17	MT
Rubellite Energy Inc. Reports Production Results for the Fourth Quarter 2023	01-15	CI
Rubellite Energy Inc. Provides Operational Update	01-15	CI
Rubellite Energy Brief: Announcing Royalty Sale and Risk Management Update	12-04	MT
Source Rock Royalties Acquires a Royalty on Central Alberta Heavy-Oil Property for C$8 Million	12-04	MT
Rubellite Energy Kept at Outperform at BMO Following Q3 Results Beat; Price Target Raised to C$3.50	11-10	MT
Rubellite Energy Inc. Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2023	11-09	CI
Rubellite Energy Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-09	CI
Rubellite Energy Inc. Revises Production Guidance for the Year 2023	11-09	CI
Rubellite Energy Inc. acquired additional Clearwater assets within the Figure Lake and Edwand areas in Alberta for CAD 34 million.	11-07	CI
Rubellite Energy Price Target Raised to $4 at Raymond James	23-10-23	MT
Rubellite Energy Gains 7% As Details Strategic Clearwater Buy, Credit Facility Expansion; Revises 2023 Guidance	23-10-20	MT
Rubellite Energy Maintained at Buy at Stifel FirstEnergy Following Clearwater Lands Purchase; Price Target Raised to C$3.80	23-10-20	MT

Chart Rubellite Energy Inc.

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Company Profile

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.

Sector

Oil & Gas Exploration and Production

Calendar

2024-08-07 - Q2 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.4 CAD

Average target price

4.038 CAD

Spread / Average Target

+68.23%

Consensus

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