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Journey Energy Inc T.JOY

Alternate Symbol(s):  JRNGF

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, executing on accretive acquisitions. The Company seeks to optimize its oil pools on existing lands through the application of practices in horizontal drilling and, where feasible, with water floods. It offers horizontal, multi-frac drilling and secondary recovery methods. Its areas of operation are along a resource, Fairway, which consists of the Central Alberta and South Alberta. Its Central Alberta includes Gilby-Duvernay, Crystal, Cherhil, Kaybob, Ferrier, and Ante Creek Waterflood. Its South Alberta includes Matziwin, Skiff, Herronto, and Medicine Hat EOR.


TSX:JOY - Post by User

Post by Buyreallowon Jun 17, 2022 1:27pm
303 Views
Post# 34765110

Oversold

OversoldJourney is obviously oversold.  They had Q1  cash flow of over $21 million with WTI at average $94.  Even with the recent pullback in oil prices, it's still nearly 20% higher than it was in Q1.  And they have increased production of between 400 and 600 bbls per day.  And a plan to drill 16 more wells in 2022.
It's an $8.00 + stock waiting for investors.
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