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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 LivingTheDream1on May 10, 2022 6:43pm
140 Views
Post# 34672276

RE:Way undervalued

RE:Way undervaluedInvestors should be looking at JOY. Q1 results were phenomenal. I picked up 10K shares over the past couple of months and glad to hold onto them. If WTI stays above $90 US this stock could easily be 50% higher by yearend. Hopefully Josh Young continues doing his work promoting JOY. Eventually this stock will get noticed and once it does we could see some very nice moves especially if JOY continues to meet or exceed its targets.
Buyreallow wrote: Hard to believe where this is trading.  Income of over $1.00 per share, it's trading at less than 4 times earnings, and production growing, prices remain high for natural gas and oil.  


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