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Bullboard - Stock Discussion Forum 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... see more

TSX:JOY - Post Discussion

Journey Energy Inc > Sad share price of .90 cents and no volume
View:
Post by hawkowl1 on Jun 01, 2021 8:40am

Sad share price of .90 cents and no volume

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!
Comment by baranja on Jun 02, 2021 10:37am
Agree,  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 ...more  
Journey Energy Inc
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