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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. Its strategy is to grow its production base by drilling on its existing core lands, implementing water flood projects, executing on accretive acquisitions. 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. It offers horizontal, multi-frac drilling and secondary recovery methods. 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 > Q2 Results Thursday!
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Post by LivingTheDream1on Jul 26, 2022 9:39pm
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Post# 34852677

Q2 Results Thursday!

Q2 Results Thursday!WTI and AECO price averages have been significantly higher than forecasts posted by JOY management in April. The forecasts concluded $7M to $12M debt remaining at YE22. Could this mean JOY will have ZERO debt by end of Q3 2022? This is a possibility! Looking forward to Q2 results and updated guidance. We could see dividend payments by yearend with all the unallocated free cash flow!
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