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 > Explain to me please

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Comment by baranjaon Jan 05, 2022 3:52pm

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Post# 34286653

RE:Explain to me please

TickerStock101 wrote: I am trying to see why Joy would be a good investment. I notice they have a low decline rate of 15% in 2022. But I am concerned that their FCF is really low at the current share price for 2022 as they will need to drill wells to keep production unlike 2021.

please help me understand the draw to this small company??

Ouch,.. it almost on every Oil and Gas board, we have a clown like this. This is now an organized attack on oil and gas in progress.

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