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Alex Verge Profile
Alex Verge

@AlexVergeJOY

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Journey Energy $JOY.TO $JRNGF President and CEO #COM

Calgary, Alberta
Joined December 2021
Don't wanna be here? Send us removal request.
@AlexVergeJOY
Alex Verge
2 years
@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!
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@AlexVergeJOY
Alex Verge
1 year
@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.
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@AlexVergeJOY
Alex Verge
2 years
Hi Everyone Today is a very big day for $JOY.TO $JRNGF. Earnings and MORE coming in the next few hours. It will be worth the wait. Alex
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@AlexVergeJOY
Alex Verge
2 years
@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!
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@AlexVergeJOY
Alex Verge
2 years
@ElizabethMay Thank you Ms May. Your kind words will warm the hearts of many Europeans this winter.
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@AlexVergeJOY
Alex Verge
1 year
@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!!!
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@AlexVergeJOY
Alex Verge
2 years
Merry Christmas Everyone. Wishing you all peace and happiness and much $JOY for 2023!!! #COM
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@AlexVergeJOY
Alex Verge
1 year
@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.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@GabeHoff This is very sad. Our thoughts and prayers are with his family.
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@AlexVergeJOY
Alex Verge
2 years
@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?
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@AlexVergeJOY
Alex Verge
6 months
@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.
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@AlexVergeJOY
Alex Verge
2 years
@GerberKawasaki If that was the case 2020 would never have happened. Unless you think the industry almost went bankrupt for sport!!!
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@AlexVergeJOY
Alex Verge
2 years
Hello Everyone Please use this link to access Journey's new Corporate Presentation
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
Even on vacation in Washington I still can't get away from the #COM . Joe Schmuckatelli and Rock Creek Freak are haunting me.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
6 months
Here is a photo of Journey's Gilby power project in February
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@AlexVergeJOY
Alex Verge
1 month
CONFIRMED!!! Pot of gold coming to JOY in 2025
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@AlexVergeJOY
Alex Verge
5 months
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
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@AlexVergeJOY
Alex Verge
2 years
@BugHumbled @sohaibab9 @Josh_Young_1 @CaptnJoeMuskeg @hkuppy @TheMarketHuddle All 3 of you @josh_young_1 @sohaibab9 @hkuppy help tremendously. JOY is really blessed to have supporters like you guys. Many companies have people who support them. I just think we all need to acknowledge this support and these efforts. As Mark Messier says No One Wins Alone
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@AlexVergeJOY
Alex Verge
2 years
JOURNEY ENERGY INC. INCREASES PRODUCTION BY 45% WITH HIGHLY ACCRETIVE, TRANSFORMATIONAL ACQUISITION OF LOW DECLINE OIL WEIGHTED ASSETS
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@AlexVergeJOY
Alex Verge
2 years
@Fucking__lit Looks like Journey versus the banks in 2020!!
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@AlexVergeJOY
Alex Verge
6 months
@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.
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@AlexVergeJOY
Alex Verge
2 months
Here is recent picture of JOY's Gilby Power Project. Mechanics from MSHS up from the US working on the big Wartsila generator.
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@AlexVergeJOY
Alex Verge
3 years
@ValueNotDeadYet @Josh_Young_1 @Gugo907 @sohaibab9 @WhiteTundraSG You bet we do!!! We also have our life savings on the line. That wasn't so easy in 2020.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@WTIBull Maybe the J stands for just not the stock for you!
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@AlexVergeJOY
Alex Verge
2 years
@DoombergT Maybe you should go for chicken instead... Oh I forgot... Sorry never mind
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@AlexVergeJOY
Alex Verge
25 days
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.
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@AlexVergeJOY
Alex Verge
6 months
Here is a more recent photo
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@AlexVergeJOY
Alex Verge
2 years
@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!!
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@AlexVergeJOY
Alex Verge
2 years
@BornAKang This is what I think of the #COM . They show up for each other!!!!!
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@AlexVergeJOY
Alex Verge
5 months
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@AlexVergeJOY
Alex Verge
5 months
Please check out this Webinar on Journey recorded on May 14.
@adelaide_cap
Adelaide Capital
5 months
@andorraskibro @AlexVergeJOY Here is the updated link:
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
3 years
Journey Energy Inc. made the #5 spot on the 2022 OTCQX Best 50 @OTCMarkets
@OTCMarkets
OTC Markets Group
3 years
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:
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@AlexVergeJOY
Alex Verge
2 years
@sohaibab9 @ericnuttall @WhiteTundraSG @mark_skittle @RazorOil @OjukwuPHD @CornerstoneOil @rockcreekfreak @tommacinnis @William39009143 Can't believe I have been in twitter for over 1 year now. Thank you Sohaib, for all you have done to create such a fantastic community. There are great things in store for 2023!!! Happy New Year!!!
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@Josh_Young_1 @SHOPGod2 You will be an oligarch after all these oil stocks double!!!
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@AlexVergeJOY
Alex Verge
1 year
@tradeoilstocks She's a keeper!!!
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@AlexVergeJOY
Alex Verge
2 years
@gurgavin She will be fine once we get that $12 oil price she promised everyone.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
3 months
@seanpk Lifetime junior oil and gas investor. I am in my 60's but my biological age is 247 !
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@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!
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@AlexVergeJOY
Alex Verge
3 years
@sohaibab9 Thank you for your note, I would love to partake in a discussion. Journey has a great story!
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@AlexVergeJOY
Alex Verge
2 years
@SHOPGod2 @energyburrito Markets been pissing on all of us for 4 weeks now. Just clean yourself off and get on with your day. Best time of your life.
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@AlexVergeJOY
Alex Verge
2 years
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@JavierBlas Got oil?
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@AlexVergeJOY
Alex Verge
4 months
@gurgavin Yeh, that was me! Sorry Everyone.
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@AlexVergeJOY
Alex Verge
4 months
@MarinaMedvin They should never have changed the words. This is what music is and should be about. She is amazing.
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@AlexVergeJOY
Alex Verge
25 days
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.
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@AlexVergeJOY
Alex Verge
2 years
@gurgavin He is going to start making Tesla's with internal combustion engines.
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@AlexVergeJOY
Alex Verge
2 years
@zerohedge Are we seeing how difficult it is to reliably hold hydrogen in a vessel? No problem replacing the world's LNG then.
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@AlexVergeJOY
Alex Verge
2 months
Here are some additional pictures.
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@AlexVergeJOY
Alex Verge
3 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.
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@AlexVergeJOY
Alex Verge
2 years
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
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@AlexVergeJOY
Alex Verge
25 days
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!
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@AlexVergeJOY
Alex Verge
5 months
@HFI_Research Thank you. This really shows a lot of insight into our thought process.
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@AlexVergeJOY
Alex Verge
1 year
@Gugo907 HFI right on again!!!
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@AlexVergeJOY
Alex Verge
2 years
@Josh_Young_1 Congrats!!! Well deserved.
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@AlexVergeJOY
Alex Verge
6 months
@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.
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@AlexVergeJOY
Alex Verge
1 month
@WallStreetSilv Especially if you have your heart set on making mango smoothies for a smalk town.
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@AlexVergeJOY
Alex Verge
2 years
@BisonInterests @Josh_Young_1 @AlJazeera I watched this!!! It was fantastic. The entire panel did a great job articulating the challenges we are facing in the near term.
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@AlexVergeJOY
Alex Verge
3 years
@Josh_Young_1 CIO of Bison Interests shares thoughts on Journey Energy Inc. on BNN.
@Josh_Young_1
Josh Young
3 years
Thanks to @BNNBloomberg for having me on today to discuss the #opec + agreement and a few oil and gas stocks I'm invested in
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@AlexVergeJOY
Alex Verge
6 months
@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.
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@AlexVergeJOY
Alex Verge
2 years
@William39009143 @POTUS @exxonmobil @Apple This chart is a beauty. Thank you for sharing. Let's make sure everyone see's the double standard here.
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@AlexVergeJOY
Alex Verge
2 years
@danielcrosby Thanks for sharing. This is a beauty.
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@AlexVergeJOY
Alex Verge
2 years
@LynAldenContact That's just the crack spread!
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@AlexVergeJOY
Alex Verge
3 months
@gurgavin He should call an election immediately to see if this is just a one off.
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@AlexVergeJOY
Alex Verge
2 years
@Josh_Young_1 I am with you Jerry. Now show me the money!!!
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
4 months
@Josh_Young_1 @joyenergyinc @joyenergyinc is a suspended random account that has zero to do with Journey. PLEASE PULL DATA FROM OUR WEBSITE DIRECTLY.
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@AlexVergeJOY
Alex Verge
6 months
@gnihei @laurant_blanc @charbq2 @RogierTaylor @Nimish07231874 If this is delayed we are talking months not years. These plants will come and will generate revenue for 2025.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
5 months
@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.
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@AlexVergeJOY
Alex Verge
2 years
@z_or_zee That's putting your recovery time to some pretty creative use!!! LMAO
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@AlexVergeJOY
Alex Verge
2 years
@staunovo To quote Doomberg... Seems like a lot!
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
3 months
On June 24 Journey was interviewed on the Korelin Economics Report. Thank you to Cory and Shad for Houston Journey Energy.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
6 months
@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.
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@AlexVergeJOY
Alex Verge
2 years
@HFI_Research Incredible ride with no line up to get on!!!
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@AlexVergeJOY
Alex Verge
2 years
@NachoTrust @Gugo907 In Nacho We Trust. In Trudeau We Don't. Let's not poke the bear!!!
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@AlexVergeJOY
Alex Verge
2 years
@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!!!
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@AlexVergeJOY
Alex Verge
5 months
@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
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@AlexVergeJOY
Alex Verge
2 years
@leadlagreport It was truly incredible. For those who missed it make sure you check out the recording.
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@AlexVergeJOY
Alex Verge
5 months
@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
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@AlexVergeJOY
Alex Verge
2 years
@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.
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@AlexVergeJOY
Alex Verge
2 years
@Gugo907 Be cool to turn this into $$$ by multiplying by the amount of investment in each sector at the end of 2020. Would not be as frightening.
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@AlexVergeJOY
Alex Verge
2 years
Multiply that by 50 years!!!
@LionHirth
Lion Hirth
2 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.
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@AlexVergeJOY
Alex Verge
6 months
@charbq2 @laurant_blanc @RogierTaylor @Nimish07231874 The March 20 land sale confirmed the value for our Duvernay acreage with offsetting lands going for $1 million per section. We want to have funds for this in 2025.
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@AlexVergeJOY
Alex Verge
2 years
@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.
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