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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, executing on accretive acquisitions. The Company seeks to optimize its oil pools on existing lands through the application of practices in horizontal drilling and, where feasible, with water floods. It offers horizontal, multi-frac drilling and secondary recovery methods. Its areas of operation are along a resource, Fairway, which consists of the Central Alberta and South Alberta. Its Central Alberta includes Gilby-Duvernay, Crystal, Cherhil, Kaybob, Ferrier, and Ante Creek Waterflood. Its South Alberta includes Matziwin, Skiff, Herronto, and Medicine Hat EOR.


TSX:JOY - Post by User

Comment by baranjaon May 10, 2021 2:30pm
102 Views
Post# 33166323

RE:RE:RE:RE:RE:Great post from Leanne on Energy Stocks IV

RE:RE:RE:RE:RE:Great post from Leanne on Energy Stocks IV
Justhalffull wrote: T.ITE. 706,000,000 shares and warrants outstanding.  How big do you think that divy is going to be.  1 cent will cost them $7,000,000 a quarter.  And it is only supposed to be 30% of cash flow.


I think about $2 million for first maiden divident, that woud be bit less than 2% first payout of
whatever you hold in shares.  Not sure how much is that per share.

They hedging about $60K  per day for dividents.

Not sure if they gona do that montly or quarterly. If they do it monthly, it would be over 20% per year. Quarterly, that woud be about 8%

This is Just my estimation, somebody might know better about it. .

They would need to to some consolidation in Canada. In London UK. the share is 9 UK Pounds.

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