Journey reported fourth quarter financial and operational results which were largely in line, though cash flow was modestly higher than our expectations on the back of decreasing cash costs and greater than forecasted hedging gains. The company has maintained its prior 2018e guidance, continuing to contemplate $31 mm in capital spending on the drilling of 9x wells, generating production volumes of 10,100-10,500 boe/d (47% liquids). Recall, this budget does not include any planned development
14 Mar 2018
Reports 4Q17 financial and operating results
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Reports 4Q17 financial and operating results
Journey Energy, Inc. (JOY:TSE) | 0 0 -0.6% | Mkt Cap: 89.2m
- Published:
14 Mar 2018 -
Author:
Robert Fitzmartyn -
Pages:
7
Journey reported fourth quarter financial and operational results which were largely in line, though cash flow was modestly higher than our expectations on the back of decreasing cash costs and greater than forecasted hedging gains. The company has maintained its prior 2018e guidance, continuing to contemplate $31 mm in capital spending on the drilling of 9x wells, generating production volumes of 10,100-10,500 boe/d (47% liquids). Recall, this budget does not include any planned development