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Bullboard - Stock Discussion Forum Journey Energy Inc JRNGF


Primary Symbol: T.JOY

Journey Energy Inc. is a Canada-based exploration and production company focused on conventional, oil-weighted operations in western Canada. The Company is engaged in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Its strategy is to grow its production base by drilling on its existing core lands, implementing water flood projects... see more

Bullboard (TSX:JOY)

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Comment by Roscoe747on Sep 16, 2021 10:31pm

RE:Cannacord' s job is to sell on a downtick

I notice many 100 share trades attempting to hold the price down. Its a fools game with less than 50 m shares out. Sellers who bought at the bottom or Briko holders wanting out are done. Accumulation ...more  
Comment by hawkowl1on Sep 16, 2021 4:10pm

RE:Cannacord' s job is to sell on a downtick

Also thank you to all the comments from board regarding what is more profitable,selling gas instead of burning it to generate electricity. My previous post was poorly structured..English Grammar not ...more  
Post by hawkowl1on Sep 16, 2021 3:43pm

Cannacord' s job is to sell on a downtick

I just added to my position in Journey ..Look at the time stamp as to when Cannacord sells..has to be a computerized trading to hold down price. Made 2 buys using TD. Last 10 trades  ...more  
Comment by Justhalffullon Sep 15, 2021 5:41pm

RE:RE:RE:RE:RE:What is more profitable with gas prices at current levels?

Not so sure AIMco would go along with the bitcoin mining ideal  While I might not mind it so much,  they do not owe me $38 million.  You have to remember who AIMco is.
Comment by baranjaon Sep 15, 2021 3:44pm

RE:RE:RE:RE:What is more profitable with gas prices at current levels?

Some power companies are mining bitcoins, especially the one like JOY.  Even majors are in to it.
Comment by Justhalffullon Sep 15, 2021 12:59pm

RE:RE:RE:What is more profitable with gas prices at current levels?

I agree switching the power plant off and on is not a simple process.  And they did generate $1,091,000 in revenue with just $363,000 in expenses during Q2 2021.  And this while the plant ...more  
Comment by Roscoe747on Sep 15, 2021 12:35pm

RE:RE:What is more profitable with gas prices at current levels?

It makes no sense to switch from power generation to gas sales unless the price of power falls significantly and the price of gas doesn't.  Since coal fired power isn't an option, that ...more  
Comment by Justhalffullon Sep 15, 2021 12:04pm

RE:What is more profitable with gas prices at current levels?

Guess Journey would have to answer that question, although they do state in their news releases that they have that option.  Too much unknown to calculate.  How much of the Countess NG ...more  
Post by hawkowl1on Sep 15, 2021 9:19am

What is more profitable with gas prices at current levels?

At what price will Journey decide to just sell natural gas vs using it to generate electricity? They have that option. Regardless an easy double of share price from here.
Comment by Justhalffullon Sep 14, 2021 4:10pm

RE:RE:September presentation

Hard to imagine them not having improvements.  They had Q2 op cf of over $9 million with avg realized price of $39 and change.  Prices are even higher now.  Power generation spewed of ...more  
Comment by Roscoe747on Sep 14, 2021 2:35pm

RE:September presentation

Presenting a business plan  is one thing, executing on it entirely another. If Q3/21 shows evidence of improved cash flows and good execution, it is reasonable to assume less stock sellers and ...more  
Post by Justhalffullon Sep 14, 2021 12:18pm

Price of gas

At the beginning of April this year, natty was trading under $2.50.  Today, the Dec future contract went over $5.30.  Looks like higher heating bills this winter for many.
Comment by baranjaon Sep 14, 2021 9:37am

RE:RE:RE:Power Plant

I can only immagine how the purchaser feels after loosing 900 K and now Electicity is going up..  Bad timing, bud luck,. no guts, fear,..  powerfull forces.
Comment by baranjaon Sep 14, 2021 9:34am

RE:RE:Power Plant

I agree,. a miracle here. I did quickly comapred JOY with YGR,.. and, yes, YGR is very undervalued, big time,.. but JOY is so under valued vs YGR,.. it is weird. Also the fact that this is 100 ...more  
Comment by Justhalffullon Sep 14, 2021 9:25am

RE:Power Plant

The sale was first arranged before they managed to restructure their debt.  At that time, mid 2020, oil prices were still in the $30's and electricity prices were low.  So low in fact ...more  
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