Rubellite Energy Inc.
RBY.TO
Toronto Stock Exchange3.28
CAD
+0.10
- -
Rubellite Energy Inc.
RBY.TO
(Toronto Stock Exchange)
Recent
price
3.28
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- Similar Companies
- Business
- Rubellite Energy Corp. (TSX: RBY) is a Canadian energy company engaged in the exploration, development, production and marketing of heavy crude oil from the Clearwater and Mannville Stack formations in Eastern Alberta utilizing multi-lateral horizontal drilling technology; liquids-rich conventional natural gas assets in the Deep Basin of West Central Alberta; and undeveloped bitumen leases in Northern Alberta. Key operating areas include Ukalta, Figure Lake, Frog Lake and Marten Hills, with a focus on high-return heavy oil development, natural gas production of approximately 4,000 boe/d (90% gas), and emerging opportunities in helium exploration and enhanced oil recovery. Founded in 2021 through a spin-out from Perpetual Energy Inc. via plan of arrangement and headquartered at Suite 3200, 605 5th Avenue S.W., Calgary, Alberta, the company targets robust organic growth, superior returns and free funds flow while maintaining a conservative capital structure. In October 2024, Rubellite Energy Inc. completed a strategic recombination with Perpetual Energy Inc. through an all-share transaction, forming Rubellite Energy Corp. and enhancing scale, liquidity with a $140-million syndicated credit facility plus a $20-million term loan, drilling inventory exceeding 355 net locations, and synergies including reduced G&A, $550-million in tax pools, and diversified assets. In August 2024, it acquired Buffalo Mission Energy Corp., adding Mannville Stack heavy oil assets to its portfolio and advancing consolidation strategy with updated corporate presentation and guidance; the credit facility expanded to $60 million in June 2024. Recent 2025 activities include record Q2 production and adjusted funds flow, alongside an increased 2025 capital program to $100-110 million reflecting higher working interests.