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Journey Energy Inc T.JOY

Alternate Symbol(s):  JRNGF

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. The Company is engaged in pursuing growth through drilling on existing core lands in Alberta, implementing water flood projects, completing accretive acquisitions, and growing its overall production and reserves base. The Company seeks to optimize its oil pools on existing lands through the application of practices in horizontal drilling and, where feasible, with water floods. Its areas of operation are along a resource, Fairway, which consists of the Central Alberta and South Alberta. Its Central Alberta includes Gilby-Duvernay, Crystal, Cherhil, Kaybob, Ferrier, and Ante Creek Waterflood. Its South Alberta includes Matziwin, Skiff, Herronto, and Medicine Hat EOR.


TSX:JOY - Post by User

Comment by AliNaimion Mar 11, 2021 9:29pm
159 Views
Post# 32782625

RE:My bet is market will be stunned by JOY cash flow

RE:My bet is market will be stunned by JOY cash flow
75c CF per share is a good ballpark forecast for 2021 and could go higher. JOY has no hedges and could monetize countess which is throwing off plenty of cash flow with higher gas and electricity prices. It was a big win for JOY to terminate this sale as @2x cash flow the deal had moved in the buyer’s favor. Monetizing Duvernay could also be huge and taking JOY private could be a very good idea.

Clearly orphaned small cap juniors just became a whole lot more interesting to the market and investors alike!
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