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Rubellite Energy: Top 10 Undervalued Energy Sector Stocks on TSX (RBY)

AI-generated - The Globe and Mail - Wed Dec 13, 2023

Rubellite Energy is now ranked among the top 10 undervalued stocks in the Energy sector on the Toronto Stock Exchange.

  • A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
  • Valuation methodology provided by Stockcalc (see below)

Stocks in this category are held primarily for capital appreciation.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
ITEi3 Energy0.160.330.17 (105.9%)175794194.613.43.0
AKT-AAkita Drilling1.312.441.13 (86.3%)4395852.50.01.8
MGAMega Uranium0.420.660.24 (55.8%)571359155.80.00.0
SOILSaturn Oil & Gas2.253.190.94 (41.7%)139251320.40.03.5
GTEGran Tierra Energy7.7610.682.92 (37.6%)63600258.80.011.0
AKT-BAkita Drilling1.952.630.68 (35.1%)78.20.02.7
RBYRubellite Energy2.012.700.69 (34.5%)31646125.80.03.9
BNGBengal Energy0.030.030.01 (31.0%)1556712.10.00.0
STEPSTEP Energy Services3.634.610.98 (27.0%)34618273.00.03.6
CNECanacol Energy6.658.321.67 (25.1%)46515226.815.60.9

All data provided as of December 12, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.

Rubellite Energy

Rubellite Energy Inc is a Canadian energy company. It is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.

Rubellite Energy is listed under RBY on the Toronto Stock Exchange.

Stockcalc

StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.

Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:

  • Discounted Cash Flow (DCF)
  • Price & Other Comparables
  • Multiples
  • Adjusted Book Value (ABV)
  • Analyst Consensus

Artificial Intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.