Journey Energy Inc T.JOY

Alternate Symbol(s): JRNGF

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, 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

Journey Energy Inc > Presentation is updated

<< Previous

Bullboard Posts

Next >>

Post by jleer42on Sep 04, 2023 5:00pm

344 Views

Post# 35619022

Presentation is updated

August presentation is up, not sure if I missed it before or it went up in Sep for Aug. Changes from Apr presentation are in line with the updated 2023 outlook presented in Q2 financials. I was surprised Q2 exit shares outstanding are less than Q1, 60.9 million vs 61.6 million. 2023 capital expenditures dropped from 63 to 46 million, hopefully with the current uptick in WTI that can increase again.

I am unsure why they can't get approval for the new gas plants, Gilby could get pushed out further if there isn't anything soon.

https://www.journeyenergy.ca/wp-content/uploads/Reports/Presentations/2023_Corporate_Presentation_FINAL_August_2023.pdf

<< Previous

Bullboard Posts

Next >>

Sona Nanotech reveals results from breast cancer study