Journey Energy Inc JRNGF

Journey...

[kavern23]

One other potential reason Journey broke past 1.95...breakin 2 bucks in the context of the market shocked me...

It is possible Jouney is going to sell their Duvernary Holdings to Kiwetinohk...
Journay could already be fully valued if that happens...

Kiwetinihk just press released they got their bank faculty increased ..they have 230M in liquidity....

Anyone that buys that duvernary needs to throw 100M plus drilling budget which is why I think possible chance of it happening. Journey doesnt have the cash too develop it and only so much leverage. Sure they could work a mutually deal.  

With Gilby gas plant...40-50m...or equiv 1 dollar a Journey share in gas for all duvernay rights and gas plant happen or too much or is deal unrealtistic?

The oil wells were too good for this not too be developed. Kiw wouldnt want JV partner.

They have alot of money.

The explaination for some of the insider selling could be that not everyone is "onboard" with selling Duvernary.  Looks fairly good...if the well costs got 1-2m effiency gains like other plays...prob should be drilled.

[kavern23]

Guessing Joy would go to 2.40....and the cash part would be 80 cents...taking Joy to 1.60 if something like I happened was plausible.  Not saying this will happen but time will tell. Bizarre run up. They broke the market maker in this stock. Like a few people have information we dont have so we can only speculate...

[kavern23]

Kiwetinoak drilled a Duvernary well in Pembina which I assumed is part of Joy thing... sometime think it started production in June 2019. The well has done like 144,000 barrels cumulative on oil and that isnt 2.5 years yet... Not as strong as some of the best northern Montney but still very solid and very economic as infastructure is everywhere in Pembina. Bizarre no more drilling here when the

[pennydredful]

K.   which  needs  to   go  "more public"  ( ie   reporting issuer  but  not listed)   could  just  take   JOY    over  via  share exchange  and   it  would carry  on  as   K.   with  JOY  being  their 

[kavern23]

K is run is by fomer dude from 7 generations.... Odds are likely he is going to want a resource play only hence why oil window of Duvernary makes sense for K. And some of K's current asset portfolio is kinda weak.  I remeber when I looked at Athasbasca's Placid Montney and it is kind marginal.  K is also in Placid. I was going to buy 50000 shares at 1.60 and I backed off for two

[hawkowl1]

Nasty day for most securities except Journey! Up 3 cents on pitiful volume.