Journey Energy Inc T.JOY

Reminder of Reference Prices Journey used for 2021

[hawkowl1]

Natural gas AECO  $3.20   Today 12 month futures $4.48 Spot price $5.09


OIL WTI                 $66.    Today $81.40 

FX                           .80 cents   today .81 cents

I would guess annualized cash flow at this stage is close to $1 per share.

Fourth quarter results will be outstanding..
 

Cant wait for 3rd quarter report.

Regarding hedges I would hope Journey over the next 6 weeks or so considers hedging some production..Especially natural gas.

[Justhalffull]

With the 600+ boe added with the purchase of the private company, which was to close in August, Q3 production could exceed 8000 b/d Even in Q3, oil and gas prices had increased significantly.  I think CF of $1.00 per share may be in range for even Q3.  Q4 seems a no brainer  for a buck a share CF.  I can see $3.00 sp before year end.