@harshretail
@Yulia_JOY_
@bnn_bull
@sohaibab9
@BobbyNugget5
@Josh_Young_1
I invested over $22 million of my own money in JOY some of it at $12 per share. I rode it ask the way down to 6¢ in 2020. Never sold any. If you think this past 1 month drop based upon nothing is a problem you need to invest elsewhere. Try buying crypto. Our Q2 comes out July 28!
@ABDanielleSmith
Danielle
Journey Energy bought a 16.5 MW functioning power plant that supplied power to the grid for a year before the OWA seized it. Since November of last year we have been trying to get approval to turn it back on. You own regulators haven't even started to look at it yet.
@KYRRadio
@Josh_Young_1
I think JOY is about 75% of our families net worth outside of our two houses. I don't think many other CEOs have this much tied up in their companies, on an absolute basis or on relative basis. I am all in!
@ABDanielleSmith
How can you supply low cost power to your constituents on a reliable basis if your own regulators can't even get out of their own way? Journey's plant could supply more power to the grid than a 50 MW solar farm and it could be on by December!!!! Can you help fast track this!!!
@ABDanielleSmith
@s_guilbeault
Journey has a power project we are trying to reactivate. Small but a symbol of what is happening. (16.5MW) It was shut in 7 years ago. Winter is coming. Why does it take almost 2 years to get approval to turn it back on? It's not only wind and solar that are the problem.
@sohaibab9
@EctorBrian
Congratulations to you Sohaib. You will have a line up of people wanting to do Twitter Space presentations. You are truly an ambassador for our industry. You are making a difference.
@gulletskahem
@GuyFromAustin
@bryanellis44
@Josh_Young_1
@garquake
Sadly yes. That said... 71% of production is liquids which account for 82% of reserves and 88% of revenues. That is a 20 year asset and you have based your analysis on 4 days of low pricing? Do you have any assets you want to sell me based upon an Aeco strip price of zero?
@sohaibab9
@Josh_Young_1
@hkuppy
I would welcome the chance to do a space to discuss Journey's business plan, reasons and benefits related to the financing, and to answer any questions people want to throw at me.
@WhiteTundraSG
This was a great listen and a tremendous amount of work. Thank you Shubham for everything you do and the effort you put in. Bullish Oil. Bullish Shubham.
@harshretail
@Yulia_JOY_
@bnn_bull
@sohaibab9
@BobbyNugget5
Not sure how you see this as a top. Yulia has been with us more that 6 years. Over that period she has replaced 4 full time people. She has multiple roles which she has assumed over time. She is kind and generous. I am on Twitter because of her.
Please see the link below for an updated Journey presentation with our Q1 2024 results as well as some updates and detail on our Power Generation and Duvernay assets. $JOY $JOY.TO $JRNGF
@laurant_blanc
@RogierTaylor
@Nimish07231874
I am happy to talk. You can DM me. You can email me or call me 403-303-3232. I have my life savings in this stock. I am focused on the long term and I know I cannot make everyone happy all the time.
@Josh_Young_1
@BusinessInsider
OK. Maybe I am the last person in the world that took this long to watch this but it's fantastic. You found a great way to articulate everything we are thinking about in one podcast.
Update: JOY is now forecasting the Gilby project to be on stream by the end of Q1 2025. The project is in phase 3. To complete phase 3 we need the detailed study from Fortis. We expect this before November 5 and getting this will make the AESO published March 1 date possible.
@profplum99
I appreciate the effort in doing these kinds of forecasts but I also think they are dangerous. Better to predict higher demand and deal with the consequences of being wrong than shorting the worlds future energy needs. For the record I will take the over on this one. WAY OVER!!
@SadBillAckman
I really don't think this is appropriate. My view of the
#COM
is that it is inclusive and knowledge seeking group of energy literate investors. This is not that. If you have been kicked while you are down you should know how that feels.
Congratulations to this year's
#OTCQXBest50
companies. This year's
#OTCQX
Best 50 companies traded an aggregate $150BN in dollar volume in 2021 and delivered an median total return of 81% to investors. Learn more:
@gubbeen1
@sohaibab9
FWIW we have participated in a number of
#COM
events and JOY paid more than our fair share towards costs. We have 0 interest in free beer. We enjoy the opportunity to meet with people who have common interests. We are grateful we had the opportunity to make so many new friends.
@BurggrabenH
That are no guarantees but Russia does not want to lose one of its best customers and Europeans have money and an aversion to freezing in the dark. I think this resolves and we may be seeing peak energy pricing in Europe now. Alternatively, they could all be F'd.
@sjm_345
@Josh_Young_1
Yes. I am backing up the truck and buying energy above everything else. Not all at once. Not on margin. Just any extra cash I can find a little bit at a time. I think the fundamentals on a 18-24 month time frame have never been better.
@nyetjgoldblum
@sohaibab9
Sohaib is an example for all of us. The
#COM
is like a family and he shows us the way to support each other. I love all you guys.
@BurggrabenH
@Kayrros
@kittysquiddy
Understand the point. But, was $58 the right price in 2019? We had come from $100 with many years of eneconomic over growth from the most prolific shale basin in history. Not only did is not reflect cost of supply but things are costing more now and we need oil from everywhere!
@Albertagarbage
Journey Energy fracking wells in Crystal today. Thank you to everyone on site working hard for all of us. Great message and reminder AG!!! Happy Canada Day to you and everyone out there working.
Update: Joy Mazeppa is in the Sept 2023 Cluster 1 study. In order to move into phase 3 participants require a GUOC payment. The deadline for this payment was moved from July to the end of November, essentially delaying all projects in the cluster 1 study by about 5 months.
On June 11 Journey did a Webinar with Dan Steffen from the Energy Prospectus Group. Thank you Dan and thank you EPG for the great job you did putting this together.
TRANSFORMATIONAL ACQUISITION ENHANCES JOURNEY'S SECOND QUARTER 2022 FINANCIAL AND OPERATING RESULTS AND ADDITION OF NEW DIRECTOR; JOURNEY ACHIEVES RECORD ADJUSTED FUNDS FLOW OF $33.4 MILLION
JOY asked to accelerate the payment (move to phase 3 earlier). We were told it would not help. If Mazeppa moves to phase 3 in Dec it is unlikely that it will come on until late 2025. So, it takes > 4 yrs to take a functioning power plant and turn it back on. Way to go Alberta!
@charbq2
@laurant_blanc
@RogierTaylor
@Nimish07231874
Without the refinancing or a positive near term move in commodity prices there would be no additional growth capital until late 2025 at the earliest. It might have meant an indefinite delay in the Gilby power project because we could not do it along with our debt servicing.
@laurant_blanc
@charbq2
@RogierTaylor
@Nimish07231874
Then we asked AIMCo to delay further and they did. But all these delays are just that. Debt is not too high but it has to be pushed out so we could drill wells in 2025 to return to production growth.
@energyburrito
@WTIBull
Operating income would be 40-45 million at 70WTI. Implied in this are exchange rates, gas prices, differentials and you name it. Not free cash flow. Operating income.
@TrashMcOiltrash
There is tremendous insight in this tweet. There is a balance between maintenance costs and reliability. Penny wise can be pound foolish. Field people know.
@harshretail
@Yulia_JOY_
@bnn_bull
@sohaibab9
@BobbyNugget5
@Josh_Young_1
Executive assistant. Office administrator. Payroll clerk. HR Manager. IR and Corporate Presentations. And any other thing we need done. We had 79 people in 2014. We have 30 now. Nothing else has changed. It is not about the boes. It is the number of pools, wells, surface leases.
@andorraskibro
Initial capital expenditures for the JV are capped at gross amounts of $30 million and $100 million for 2024 and 2025. The cap can be increased upon mutual agreement of both parties. The 2024 capital program is sufficient to drill, complete, equip and tie-in two wells in 2024.
@bryanellis44
The new debt has a payback schedule that ratchets down with WTI price so flying by the seat of our pants is not necessary. Since 88% of revenue is liquids the company remains protected and there is limited risk due to Aeco price erosion.
@SadBillAckman
Pretty big difference between objectively critiquing a business plan and insulting the people who spend a good portion of their lives working for a business. It's a high road versus low road thing.
@BrynneKKelly
This is how E&P companies are trading today. Imagine what they would be trading at if the market thought WTI oil was going to trade in a band around $80-95.
@laurant_blanc
@charbq2
@RogierTaylor
@Nimish07231874
First of all I am not certain that a potential $5 conversion price is extremely dilutive given the flexibility it provides. Second we bought Enerplus assets in the fall of 2022 and increased leverage but were not able to materially move out the term of the repayments.
@tradeoilstocks
@sjm_345
@Josh_Young_1
Most of my money is in JOY. Bought some about a month ago. See insider reports. If I want to trade I don't buy Journey. It's just buy and hold!!!
@andorraskibro
JOY thinks there is very little geologic, drilling, or completion risk remaining and we have three wells in the heart of the block with long production histories supporting the type curve in our presentation
@andorraskibro
The new JV block with Spartan consists of 94 controlled sections within a 128 section block. At a 37.5% working interest, Journey has preserved its initial acreage position and aligned its interests with a well-capitalized operator with a proven track record
@JeremyMcCreaCFA
This is really a fantastic example of how values can change for companies on market views of the future and not based upon fundamentals. Reserve report prices over the past few years have followed within 10% of strip prices over the first 2-3 years.
At current future prices, a 1.6 GW nuclear plant in France will generate revenues of €9.2bn in 2023 alone.
That's pretty close to the cost of the new Flamanville 3 EPR.
@rockcreekfreak
Understand comment on land values but declines, liquid weighting, opex and ARO are all important. Some assets in the group are declining at 35% plus while others are declining at less than 10%. Really though to objectively assess based upon only one criteria.