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Bullboard - Stock Discussion Forum 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... see more

TSX:JOY - Post Discussion

Journey Energy Inc > .84 cents annualized cash flow based on .21 Q2
View:
Post by hawkowl1 on Aug 11, 2021 9:15am

.84 cents annualized cash flow based on .21 Q2

Trading at  $1.26 . 

Results do not include $800,000 in cash and 610 boe of production from Private Company acquisition which will close soon.

Countess Power plant had revenues of $867540 in quarter .Annualized almost $3.5 million with plans to increase capactity 50%.

Comment by Justhalffull on Aug 11, 2021 10:17am
Journey previously stated theyj could decide to sell the gas production at Countess instead of generating electricity, based on the price of natural gas.  Wonder at what price they would decide to do this, given that natty is above 4.00.
Journey Energy Inc
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