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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 > Somebody must have wanted out.............
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Comment by Buyreallowon Aug 23, 2022 4:43pm
221 Views
Post# 34915360

RE:RE:RE:Somebody must have wanted out.............

RE:RE:RE:Somebody must have wanted out.............When oil prices rise and gas prices fall, Journey's loan payment obligations become greater.  If oil is over $100 come October, they must pay $4,000,000 a month at 10%.  But reducing gas prices will lower their revenue.  I think that is the risk investors are digesting.
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