Journey Energy Inc JRNGF

My bet is market will be stunned by JOY cash flow

[hawkowl1]

Of course I have no clue what this crew is up to. They run company like its private.
But based on current price of oil,condensate and natural gas and 8000 boe of production annualized cash flow .75 cents per share. But who really knows if they have bad hedging or other issues they failed to disclose.So its a mugs game trying to figure it out with Journey
Wonder if their even talking to  Kiwetinohk Resources Corp.

[hawkowl1]

My forecast is for 2021 ,

[AliNaimi]

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 prices. It was a big win for JOY to terminate this sale as @2x cash flow the deal had moved in the buyer’s favor. Monetizing Duvernay could also be huge and taking JOY private could be a very good idea

[hawkowl1]

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 guessing perhaps $45 million for East Duvernay. Imagine just selling Duvernay assets for $1 per share . Then JOY would be worth by year end over $3. Mind boggling when you consider shares could be

[ppp]

Good job, Had been following this for some time but missed the last NR and that cost me. 

[hawkowl1]

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 when Journey reports. Thinking shares should trade about $1.60 by then or much more depending on if East Duvernay is sold at a fair price

[Justhalffull]

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 a new buyer.

[hawkowl1]

Dont forget East Duvernay is for sale at the right price.EOM

[hawkowl1]

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.. !80 degree turn in financial position..Long term .. $4 share price ..Wont get there if current cheap price lingers.. Too tempting for a very cash rich oil patch to ignore .. JOY gets gobbled up if true

[Justhalffull]

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 windfall.  Electricity, gas and oil prices for Q1 2021 have risen significantly, so expect Q1 2021 numbers to be spectacular.  If they can convince AIMco to stick with them for another 3 months,