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 > JOY unhedged..look at Aeco price!

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Comment by baranjaon Sep 02, 2021 3:06pm

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Post# 33804277

RE:RE:RE:RE:RE:JOY unhedged..look at Aeco price!

What get me here is this:

Reduced net debt by 40% to $75.7 million from $126.6 million at the end of the second quarter of 2020.

How did they manage to accomplish that, and it was when oil and gas went to negative? That was one fantastic achievement.

Justhalffull wrote:
Completely unhedged, high oil and gas prices, high electricity prices, and a purchased increase in production of 700 boe/d. All positive for Q3. Expect Cash Flow to top $10 million for the quarter, debt to be further decreased. All good news. Market just has not caught on to this gem. Be patient.

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