We would characterize Journey’s second quarter results as positive given a reduced outlook for production costs that will drive higher than anticipated cash flow and an improved debt picture going forward. During and subsequent to quarter-end the Company undertook a flurry of A&D activity, shedding just over 700 boe/d of production in order to eliminate higher cost production and refocus the asset base, while adding key infrastructure to support development in the Company’s co
11 Aug 2016
Reports Second Quarter Results Along with a Series of Transactions to Reshape the Business
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Reports Second Quarter Results Along with a Series of Transactions to Reshape the Business
Journey Energy, Inc. (JOY:TSE) | 0 0 -0.6% | Mkt Cap: 89.2m
- Published:
11 Aug 2016 -
Author:
Michael Hearn -
Pages:
7
We would characterize Journey’s second quarter results as positive given a reduced outlook for production costs that will drive higher than anticipated cash flow and an improved debt picture going forward. During and subsequent to quarter-end the Company undertook a flurry of A&D activity, shedding just over 700 boe/d of production in order to eliminate higher cost production and refocus the asset base, while adding key infrastructure to support development in the Company’s co