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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 > Oil and Gas Supply Deficit
View:
Post by geezer21 on May 05, 2022 1:47pm

Oil and Gas Supply Deficit

The oil and gas supply deficit is greater than what demand destruction can counter act.  Expect oil and gas prices to keep rising.

The available pool of oil to meet demand is declining with taking Russian oil off the market,  with oil production declining, with OPEC unable to achieve the increase in production they said would deliver over 6 months ago, and with Biden buying oil back to restock strategic reserves.
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Journey Energy Inc
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