Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Journey Energy ( (TSE:JOY) ) has provided an announcement.
Journey Energy has announced its preliminary guidance for 2025, emphasizing its development activities within the Duvernay Joint Venture. The company plans to concentrate its capital expenditures of $50 million in the first half of 2025, with $30 million allocated to the Duvernay program and the rest towards power projects and other expenditures. Journey has also amended its term debt repayment agreement with AIMCo to defer payments, allowing it to focus on funding the Duvernay development program. This strategic move is expected to help the company recuperate capital expenditures swiftly and generate attractive returns, while also exploring funding alternatives to simplify its capital structure.
More about Journey Energy
Journey Energy Inc. is a company in the energy industry focusing on oil and gas exploration and production. It is primarily involved in development activities such as drilling and optimizing operations within joint ventures, with a significant focus on the Duvernay Joint Venture in Alberta, Canada.
YTD Price Performance: 2.61%
Average Trading Volume: 81,774
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $97.38M
For an in-depth examination of JOY stock, go to TipRanks’ Stock Analysis page.
