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. 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

Journey Energy Inc > My bet is market will be stunned by JOY cash flow

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Comment by Justhalffullon Mar 14, 2021 3:37pm

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Post# 32795542

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

Certainly strange that with a fast rising share price, insiders purchased nothing.
Not sure about the Duvernay proceeds. Some think these assets may fetch in excess of $50, which would be a windfall. Electricity, gas and oil prices for Q1 2021 have risen significantly, so expect Q1 2021 numbers to be spectacular. If they can convince AIMco to stick with them for another 3 months, they should come out shining. I think $3.00 is easily in reach, $4.00 possible, but will need oil and gas to rise higher. Good luck in any event.

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