RE:RE:RE:Journey...K is run is by fomer dude from 7 generations....
Odds are likely he is going to want a resource play only hence why oil window of Duvernary makes sense for K.
And some of K's current asset portfolio is kinda weak. I remeber when I looked at Athasbasca's Placid Montney and it is kind marginal. K is also in Placid.
I was going to buy 50000 shares at 1.60 and I backed off for two reasons.
One this is a b8tch to take a large position in and then sell lol...
And I don't see a natural take over partner for Journey. K isnt going to want to deal with little wells scaterred around Alberta...they want a resource play.
IMO want makes JOY a hard company to find mergers with is it's coal bed methane assets.
They have no value and hard to sell. Lots of coal bed methane wells are just good enough to not be shut in barely.
lots produce only 2-3k in revenue a month...large companies don't want that b*llsh*t.
The most realistic merger partner for Joy is probably Razor energy. Both dabbling in power generation, both have AIMCO as a supporter, and they both have mature properties.
Key for Joy will be to divy itself to a higher share price...getting bought out is prob going to be hard but never know I guess. What makes this fun.
pennydredful wrote: K. which needs to go "more public" ( ie reporting issuer but not listed) could just take JOY over via share exchange and it would carry on as K. with JOY being their listing vehicle. They could even create a stub co. for the stuff they didn.t want.