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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 Justhalffullon Dec 03, 2021 9:17am
150 Views
Post# 34194070

RE:RE:Heard that some look dimly ...

RE:RE:Heard that some look dimly ...JOY;s 2021 program was and is exactly as they stated in their Q3 results, strengthening the balance sheet.  Their 2022 guidance calls for capital expenditures of $36 million through mergers, accretive acquisitions and the possiblilty of expanding their power generation business.  All is shaping up well for 2022.  With oil and gas prices remaining high, Q4 and full year results should push the shares well into the $2's.  Be patient.  All is good.
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