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.

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Journey Energy Inc > Buy the dip again

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Post by Buyreallowon Apr 05, 2022 10:17am

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Post# 34576410

Buy the dip again

drop is unjustified. They just added about 750 boe/d of unhedged oil, and new wells will be announced any daty now. Production will exceed 10,000 boe/d, all unhedged. 2022 funds flow will likely exceed $110,000,000., or over $2.00 per share. Oil companies do not normally trade at less than 3 times funds flow.

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