3Q18 production of 10,227 boe/d (48% liquids) generated CFPS of $0.20/sh, significantly outpacing both GMPFE and consensus estimates of $0.15/sh and $0.175/sh, respectively, as top line realized pricing was stronger than forecasted. Journey invested ~$9.6 mm into E&D activity during 3Q18, with expenditures being directed towards land acquisitions, the drilling, completion and tie-in of 3x Skiff wells, and other minor projects.
06 Nov 2018
Reports 3Q18 ahead of consensus, expands Duvernay position
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Reports 3Q18 ahead of consensus, expands Duvernay position
Journey Energy, Inc. (JOY:TSE) | 0 0 -0.6% | Mkt Cap: 89.2m
- Published:
06 Nov 2018 -
Author:
Robert Fitzmartyn -
Pages:
8
3Q18 production of 10,227 boe/d (48% liquids) generated CFPS of $0.20/sh, significantly outpacing both GMPFE and consensus estimates of $0.15/sh and $0.175/sh, respectively, as top line realized pricing was stronger than forecasted. Journey invested ~$9.6 mm into E&D activity during 3Q18, with expenditures being directed towards land acquisitions, the drilling, completion and tie-in of 3x Skiff wells, and other minor projects.