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

Add To Watchlist

TSX:JOY - Post Discussion

Journey Energy Inc > .84 cents annualized cash flow based on .21 Q2

View:

Post by hawkowl1 on Aug 11, 2021 9:15am

.84 cents annualized cash flow based on .21 Q2

Trading at $1.26 .

Results do not include $800,000 in cash and 610 boe of production from Private Company acquisition which will close soon.

Countess Power plant had revenues of $867540 in quarter .Annualized almost $3.5 million with plans to increase capactity 50%.

124

Comment

Comment by Justhalffull on Aug 11, 2021 10:17am

Journey previously stated theyj could decide to sell the gas production at Countess instead of generating electricity, based on the price of natural gas. Wonder at what price they would decide to do this, given that natty is above 4.00.

Comment

Journey Energy Inc