Rubellite Energy Inc (TSE:RBY) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Rubellite Energy Inc. has reported its financial and operational results for the second quarter of 2024, with heavy oil sales production up 58% from the same quarter the previous year. The company also completed an acquisition of Buffalo Mission Energy Corp. for $97.5 million and funded it through expanded credit facilities and a new term loan. Capital expenditures for the quarter included $21.1 million for multi-lateral horizontal development wells and a gas conservation project at Figure Lake.
For further insights into TSE:RBY stock, check out TipRanks’ Stock Analysis page.
