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Journey Energy Inc JRNGF


Primary Symbol: T.JOY

Energy Oil & Gas E&P
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

Journey Energy Inc > Sad share price of .90 cents and no volume
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Comment by baranjaon Jun 02, 2021 10:37am
138 Views
Post# 33310390

RE:Sad share price of .90 cents and no volume

RE:Sad share price of .90 cents and no volumeAgree,  it is impresive  to me that they so payed off so  much debt and with prices of WTI, like that, debt will be taken care of  very fast.  Balance sheet looks good to me..

I wander if it is because of decline rates?  All of their forcasting were based on $59 WTI, but it is pushing $70 now. ..

market cap of only $40 MM  while producing 7,500 boe/d . I would assume their debt will be less then $60MM in few months.



hawkowl1 wrote: Based on  assumptions regarding current production WTI price of $68 and natural gas at $3.10 Aeco
Unhedged Journey is flowing $1 per share cash flow annualized.Debt going down fast and its only June. Oil headed towards $80 minimum this year.Natural gas looking strong all year.
ALL UNHEDGED!


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