RE:Future looks good for JourneyPortfolio doing well. JOY from .,35 cents to .83 cents in 3 days and 270,000 shares and have not sold any.
Short term it likely will go to $1 ...then $1.50 by late May.. then $2 by year end.
Its pretty simple math...based on $$59 WTI JOY will flow minimum 30 million cash flow.
Put a very conservative 2 times cash flow valuation and its worth $1.36 based on 44 million shares.
Oil going much higher . Its possible at some point in time this year Journey will cash flow on an annualized basis $40 million! All the while paying down debt ..Its going to be one hell of a ride.
Wonder if Insiders will start buying shares
With a NCIB in place they could buy and cancel a lot of shares.That would be beneficial to shareholders.Wont happen soon but if instated they can buy at certain times when general market swoons and support share price.
Even if its never used at least its available at critical times.