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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 > Alex at OTCQX Best 50 Virtual Investor Conference
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Post by jleer42 on Jun 16, 2023 3:39pm

Alex at OTCQX Best 50 Virtual Investor Conference

You can watch Alex present at June 15th OTCQX Best 50 Virtual Investor Conference. You will need to register, but it's free.

Some interesting points:
  • Prioritizing debt reduction with current price volatility, without sacrificing production. While production growth may be on hold, they are fine debt wise supporting last years acquisition. Low decline, good cash flow, good leverage, good relationship with Aimco. Still projecting debt/CF of 1x by end of the year.
  • Power generation is on track for 35MW Q1 2024. They bought the land the Mazeppa facility sits on and plan to operate it in place.
  • 15 years of reserves through decline enhancement and expected development. A bit speculative, but good to hear.
  • Current environment - # of assets for sale and prices- encourages growth through acquisition. General statement that things align with JOY's growth model.
 https://bit.ly/3CDqMXz
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Journey Energy Inc