Journey Energy
A Calgary-based oil and gas company involved in the exploration, development, and production of oil and natural gas in the Western Canada Sedimentary Basin.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $38.0m | Post IPO Convertible | |
| Total Funding | 000k | ||
| CAD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 82 % | 90 % | (1 %) | (13 %) | (5 %) | 14 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 38 % | 42 % | 28 % | 24 % | 36 % | 37 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 80 % | 66 % | 7 % | 3 % | 7 % | 13 % | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Journey Energy Inc. is an oil exploration and production company focused on the Western Canada Sedimentary Basin. The company is publicly traded on the Toronto Stock Exchange under the symbol JOY. Journey Energy specializes in developing undercapitalized assets to create long-term value. The company’s business model revolves around acquiring and enhancing low decline, high free cash flow generating assets. This approach allows Journey Energy to drive shareholder returns and ultimately return capital to shareholders over time. The company operates primarily in Alberta and serves investors looking for sustainable value creation in the oil sector. Journey Energy makes money by extracting and selling oil and natural gas, leveraging its asset base to generate consistent cash flow. The company’s recent transformational acquisition in the fall of 2022 significantly expanded its asset base, providing a robust development runway.
Keywords: oil exploration, production, Western Canada, TSX JOY, shareholder returns, low decline assets, high cash flow, Alberta, sustainable value, asset enhancement.