The CEO of Rubellite will be joining me on our next webinar on April 21st, so I spent some time updating my forecast/valuation model for the Company this morning.
Rubellite has approximately 62% of their Q2 oil hedged and approximately 45% of their Q3 oil hedged, so the recent dip in the oil price does not impact my current valuation by much.
I do expect WTI to bounce back to $70US/bbl soon after the uncertainty/FEAR of the "Tariff War" clears up. If the Republicans can get the income tax bill passed, I believe the U.S. economy and the stock market will surge.
My current valuation of RBY.TO is reduced by $0.25 to $5.50Cdn/share. It is currently trading at $1.66Cdn, which is less than 1.5 X my 2025 operating CFPS forecast.
My updated forecast model has been posted to the EPG website.
Register for the April 21st webinar.
Rubellite Energy (RBY.TO and RUBLF) Valuation - Apr 11
Rubellite Energy (RBY.TO and RUBLF) Valuation - Apr 11
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group