Journey Energy Inc T.JOY

September presentation

[hawkowl1]

Forecast Adjusted Funds Flow(2) of $35 to $37 million in 2021; $0.78 to $0.81 funds flow per share

8,100 boe/d(1) (45% liquids); 100% unhedged


https://www.journeyenergy.ca/wp-content/uploads/Reports/Presentations/JOY_Corporate_Presentation_Sep_2021.pdf

[Justhalffull]

Sure looks awfully good to me for a 1.30sh stock.

[baranja]

the closest one to compare is YGR: YGR= Debt 200M, Produce 8K+,Market Cap 120M + JOY=Debt 60M, Produce 8K+, Market Cap 60M only Let that sync in boys.

[Roscoe747]

Presenting a business plan  is one thing, executing on it entirely another. If Q3/21 shows evidence of improved cash flows and good execution, it is reasonable to assume less stock sellers and more buyers at higher prices. The dilution from Briko is negligible and will soon be overcome by positive sentiment. The upside is <50m shares, no hedges, 1.8xd/cf and .61 cfxs The downside is the

[Justhalffull]

Hard to imagine them not having improvements.  They had Q2 op cf of over $9 million with avg realized price of $39 and change.  Prices are even higher now.  Power generation spewed of nearly $1 million in Q2, and electricity prices have continued to rise in Q3.   Second half of 2021 should be exciting.  Should be a fun ride.