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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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Post by hawkowl1on Mar 16, 2021 7:18am

March presentation posted on website

7,700 boe/d (1) (46% liquids); 100% unhedged 16% corporate decline go forward; waterfloods and other low decline assets supports sustainability $125 million enterprise value; <$17,000 boe/d 44.0 ...more  
Comment by Justhalffullon Mar 14, 2021 3:37pm

RE:RE:RE:RE:RE:RE:RE:RE:My bet is market will be stunned by JOY cash flow

Certainly strange that with a fast rising share price, insiders purchased nothing. Not sure about the Duvernay proceeds.  Some think these assets may fetch in excess of $50, which would be a ...more  
Post by hawkowl1on Mar 14, 2021 2:18pm

$1700 per acre in East Duvernay.Terry Etam 2017

Don’t write off Canada just yet – emerging east Duvernay oil play starting to attract big attention and big money | BOE Report $$$$$75 million for Journey East Duvernay.Can that really happen!
Comment by hawkowl1on Mar 14, 2021 12:48pm

RE:RE:RE:RE:RE:RE:RE:My bet is market will be stunned by JOY cash flow

Previous message was to Justhalfull. So 20 million for Countesss and 30 million for East Duvernay?50 million potential monetization.. 30 million towards debt and 20 million to drill a dozen wells ...more  
Comment by hawkowl1on Mar 14, 2021 12:41pm

RE:RE:RE:RE:RE:RE:My bet is market will be stunned by JOY cash flow

Dont forget East Duvernay is for sale at the right price.EOM
Post by hawkowl1on Mar 13, 2021 11:43am

East Duvernay Presentation

PowerPoint Presentation (boereport.com)
Comment by Justhalffullon Mar 12, 2021 12:23pm

RE:RE:RE:RE:RE:My bet is market will be stunned by JOY cash flow

Cancellation of the Countess sale got them the $900,000 deposit, and with increased gas and electricity prices of late should get them $2 to$4 million more for the asset sale.  Just need to find ...more  
Comment by hawkowl1on Mar 12, 2021 12:14pm

RE:RE:RE:RE:My bet is market will be stunned by JOY cash flow

Still a lot of upside.. Presentation should be up after weekend.. Volume in just a few days exceeds a years previous trading.  May 1st quarter will be impressive. Also I do expect oil near $70 ...more  
Comment by pppon Mar 12, 2021 11:56am

RE:RE:RE:My bet is market will be stunned by JOY cash flow

Good job, Had been following this for some time but missed the last NR and that cost me. 
Comment by hawkowl1on Mar 12, 2021 9:09am

RE:RE:My bet is market will be stunned by JOY cash flow

Alinaimi what do you think JOY could receive if they sell assets in East Duvernay? Regarding Countess assets with current price of oil and gas and bright future is now worth $30 million.  I am ...more  
Comment by AliNaimion Mar 11, 2021 9:29pm

RE:My bet is market will be stunned by JOY cash flow

75c CF per share is a good ballpark forecast for 2021 and could go higher. JOY has no hedges and could monetize countess which is throwing off plenty of cash flow with higher gas and electricity ...more  
Comment by hawkowl1on Mar 11, 2021 6:20pm

RE:Wow

Well I think its a sure thing they sell East Duvernay assets.Current energy prices and futures make it a cash cow. Journey is too small to keep it. Cash out for 45 million. Pay off some debt and drill ...more  
Post by Primetime1on Mar 11, 2021 4:24pm

Wow

Up big 3 days in a row. Major gains this week. Unfortunately, i started selling some of my shares to lock in gains throughout the week and it just keeps going up afterward. But overall I can’t ...more  
Comment by hawkowl1on Mar 11, 2021 9:41am

RE:Velvet energy has huge East Duvernay presence.

HIt 98 cents! .. Happy days are here again
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