Journey Energy Inc. (T:JOY)
Business Focus: Oil & Gas Exploration and Production (NEC)
Cloudy as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for JOY within the last 6 months
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Company News
Mar 28, 2024 18:04 ET
Journey Energy Provides Updated 2024 Guidance
Calgary, Alberta--(Newsfile Corp. - March 28, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to provide updated guidance for 2024 with a focus on advancing its power business, and improving long-term sustainability.
Mar 20, 2024 16:01 ET
Journey Energy Inc. Announces Closing of $38 Million "Bought Deal" Private Placement of Convertible Debentures
Calgary, Alberta--(Newsfile Corp. - March 20, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (the "Company" or "Journey") is pleased to announce that it has closed the previously announced convertible debenture financing lead by Echelon Wealth Partners Inc. (the "Underwriter") pursuant to which 38,000 senior unsecured convertible debentures of the Company (the "Convertible Debentures", each a "Convertible Debenture") at a price of $1,000 per Convertible Debenture were issued for total gross proceeds of $38,000,000 (the "Offering").
Valuation Ratios
Industry
Sector
Beta
3.51
--
--
Price to Sales - TTM
1.17
3.19
3.41
Price to Book - most recent quarter
0.69
1.40
1.77
Price to Cash Flow per share - TTM
4.02
4.87
5.71
Price to Free Cash Flow per share - TTM
10.78
16.45
17.10
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 2,425,654 | 38,633 |
| Mar 31, 2024 | 2,387,021 | -23,148 |
| Mar 15, 2024 | 2,410,169 | -81,305 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
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.
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