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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

Post by AlexPKeaton89on Apr 20, 2021 10:23am
111 Views
Post# 33028511

JOY looking strong!

JOY looking strong!
Journey has been looking strong these last few days - up 15% with all other energy stocks falling lower. Also on increased volume - very unusual - somebody wants in and no pressure on the sell with oil weakness. I know they are looking to sell their gas plant and the CEO is interested in merging with another company if it is the right fit. Maybe they are close to a deal of some kind. Impressive to see them moving higher with all other oilies (spare GXE) under pressure. Likely if oil stocks were up it would be into the 90's now.
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