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

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TSX:JOY - Post Discussion

Journey Energy Inc > Joy 2022 guidance @ $75 WTI. Funds flow $55 to $60 million.

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Post by hawkowl1 on Dec 10, 2021 8:26am

Joy 2022 guidance @ $75 WTI. Funds flow $55 to $60 million.

Journey's 2022 forecasted funds flow is based upon the following assumed average prices: WTI (West Texas Intermediate) of $75 (U.S.) per bbl; company differentials of $5 (U.S.) per bbl for oil from Edmonton mixed sweet prices; company realized natural gas price of $3.75 per Mcf; and a foreign exchange rate of 82 U.S. cents per $1 (Canadian). The 2022 forecast prices approximate current strip prices

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Comment by TickerStock101 on Dec 10, 2021 8:32am

So is the capital spending taken off of the adjusted funds flow total of 60 million or has it already been taken off?

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Comment by Justhalffull on Dec 10, 2021 9:37am

No, it is not taken off. Capital spending is usually financed through fund flow.

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Comment by TickerStock101 on Dec 10, 2021 10:11am

SGY is a much better stock to own then

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Comment by Justhalffull on Dec 10, 2021 11:33am

Then I guess if you own JOY you should sell and buy SGY. What's the point of coming on the JOY board and posting that? Are you just looking or an argument?

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Journey Energy Inc