Journey Energy Inc JRNGF

AECO above $6!

[Kramerkarma]

totally unhedged!

[Roscoe747]

WTI and AECO are the shiny objects attracting attention but rerating of impairments will result in a resumption of positive equity. High commodity prices are only opportunity for success. Capital allocation and execution of guidance will determine it. Journey needs to repair its balance sheet, carefully allocate capital, monetize non- core assets and maximize production enhancements before

[Justhalffull]

I think Journey's efforts at improving their balance sheet is impeccable.  When the Countess sale failed, they were forced to cut their capital spending in order to pay down debt.  Since Q2 2020, debt has decreased from 120,377,000 to 76,459,000.   Company has stated their 2021 theme is to improve their balance sheet.  In their Q2-2021 financials, they predicted debt

[Kramerkarma]

journey will pass AECO.

[Justhalffull]

I still feel the same now.  While we will not likely see full year 2021 results until early March, I believe the recent runup was due to more people understanding the story.  When these results come out, I think the $3.00 target is certain.  So I'm still hanging in with everything, even though I am up 130% so far.  

[pennydredful]

I  will  second  that thought.

[hawkowl1]

Alex Verge has done an incredible job . Mr. Verge with direct ownership of shares ,indirect ownership ,options,rights etc has more than a 10%  position.  Now that is impressive.