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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 Buyreallowon Jun 29, 2022 10:39am
177 Views
Post# 34790312

RE:Article

RE:ArticleThe numbers used don't add up.  They show Ebit of $38 million.  In 2021 they had Ebit of 99 minus 17 financing  they appear to have taken the Q1 2022 numbers and multiplied by 4.  First, oil and gas rev for Q2 will be much higher.  Second, there will be no interest expense as debt will be paid off.  And new wells from increased cf will add even more revenue. 
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