Post by
hawkowl1 on Mar 09, 2021 2:04pm
My bet is market will be stunned by JOY cash flow
Of course I have no clue what this crew is up to. They run company like its private.
But based on current price of oil,condensate and natural gas and 8000 boe of production annualized cash flow .75 cents per share. But who really knows if they have bad hedging or other issues they failed to disclose.So its a mugs game trying to figure it out with Journey
Wonder if their even talking to Kiwetinohk Resources Corp.
Comment by
hawkowl1 on Mar 09, 2021 7:09pm
My forecast is for 2021 ,
Comment by
ppp on Mar 12, 2021 11:56am
Good job, Had been following this for some time but missed the last NR and that cost me.
Comment by
hawkowl1 on Mar 12, 2021 12:14pm
Still a lot of upside.. Presentation should be up after weekend.. Volume in just a few days exceeds a years previous trading. May 1st quarter will be impressive. Also I do expect oil near $70 when Journey reports. Thinking shares should trade about $1.60 by then or much more depending on if East Duvernay is sold at a fair price
Comment by
Justhalffull on Mar 12, 2021 12:23pm
Cancellation of the Countess sale got them the $900,000 deposit, and with increased gas and electricity prices of late should get them $2 to$4 million more for the asset sale. Just need to find a new buyer.
Comment by
hawkowl1 on Mar 14, 2021 12:41pm
Dont forget East Duvernay is for sale at the right price.EOM