Journey Energy Announces Debt Rescheduling and Operations Update

Journey Energy (TSE:JOY) has released an update.

Journey Energy Inc. has renegotiated its term debt repayment terms with AIMCo, leading to a revised schedule that extends the debt’s maturity and modifies monthly repayments, thus enhancing the company’s ability to fund future joint venture obligations. In addition, the company has divested some non-core assets and is proceeding with its capital projects, including the Gilby Power Project, while maintaining its current production guidance despite some operational shut-ins.

For further insights into TSE:JOY stock, check out TipRanks’ Stock Analysis page.