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Bullboard - Stock Discussion Forum 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... see more

TSX:JOY - Post Discussion

Journey Energy Inc > Buy the dip again
View:
Post by Buyreallow on Apr 05, 2022 10:17am

Buy the dip again

drop is unjustified.  They just added about 750 boe/d of unhedged oil, and new wells will be announced any daty now.  Production will exceed 10,000 boe/d, all unhedged.  2022 funds flow will likely exceed $110,000,000., or over $2.00 per share.  Oil companies do not normally trade at less than 3 times funds flow.
Comment by morrisminiman on Apr 05, 2022 11:00pm
Most energy stocks are down. The dollar is up, interest rates are going up, and last but not least  ...thank you Mr. Truedeau for your upcoming budget that will be based on rainbows and unicorns. sunny ways ...sunny ways... :-p
Journey Energy Inc
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