Journey Energy Inc T.JOY

Somebody must have wanted out.............

[slipperyslope2]

or an awful lot of stop losses just got creamed. Really weird trading all day today. Maybe we're on the block.

[Buyreallow]

AECO natural gas differential is huge.  Likely part of the reason.

[slipperyslope2]

Can't be AECO, everbody else is up. This is the only one down.

[Buyreallow]

When oil prices rise and gas prices fall, Journey's loan payment obligations become greater.  If oil is over $100 come October, they must pay $4,000,000 a month at 10%.  But reducing gas prices will lower their revenue.  I think that is the risk investors are digesting.

[jleer42]

Correct, but a larger loan payment results in a smaller outstanding loan. Natural gas prices fell along with the news that Freeport LNG opening is delayed from Oct to Nov.

[pennydredful]

could  be   the new  shares  that were   issued   to   the   vendor   re  the latest  acquisition  -----seems  most     likely    they    would    prefer    the  cash  .  They  have pulled  out  of Canada  and 

[slipperyslope2]

That makes a whole lot of sense. The stock has been stuck at basically no higher than $6.39 for a bit even though all signs point higher. I know that there is nothing fundamentally wrong with the company, it's just not acting well.