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 > Oil and Gas

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Post by Buyreallow on May 04, 2022 12:13pm

Oil and Gas

With WTI 3.5% today to above $105 and Nat gas up over 5% to near $8.40, JOY is extremely undervalued. They are spewing cash big time. Next week we should get the Q1 results which will be record breaking, and Q2 will be even better if this keeps up. Hugh buying opportunity here. This thing is headed above $8.00 and could even see $10.

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Comment by oldmilwaukee24 on May 04, 2022 4:16pm

Couldn't agree more. Earnings after the bell tomorrow. Great opportunity. Unhedged, unbridled, ready to run. JOY to the world.

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Comment by hawkowl1 on May 04, 2022 7:39pm

Have to agree . Nothing is cheaper than JOY!. I added today .My largest position. Truly a gift. Alex Verge with options owns. more than 10% of this company. Looking at $2.00 of cash flow this year. Its a $10 stock trading at a crazy stupid low mulitiple. Low profile. underestimated. Investors will be shocked when earnings and cash flow are released..

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Comment by hawkowl1 on May 04, 2022 7:40pm

Edit. $2.00 per share of cash flow!

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Comment by Buyreallow on May 05, 2022 7:01am

I think with AECO gas near $8.00 and oil above $100, their cash flow is already near $2.50, and if prices stay here for any length of time, CF could be $3.00.

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