184704473 - 1_phvls6px - PID 1851201
    
    
      
    
  

  
    
        Hi I am Ted Dixon with
        your INK Morning Report
Preview
        for October 1st.
        A long insider journey.
        The share price of Alberta
junior oil
        & gas producer Journey
Energy
        is off about 90% over the
past 10 years.
        While the past decade has
        been a painful voyage for
shareholders,
        those who jumped on board
a year ago have
        had a much more pleasant
experience.
        The stock is up 740% over
        the past 12 months as
        rising oil & gas prices
        have helped the firm
reduce debt.
        Despite the rise in the
share price,
        we have a director
        buying shares over the
summer.
        That is helping the stock
maintain a spot in
        our latest INK Edge Top
        30 Energy Stock Report.
        Low valuations have also
help
        Journey remain near the
top of our rankings.
        The stock is currently
trading at trailing
        price-to-cash flow ratio
of about 1.3.
        In Q2 the firm produced
        7,709 barrels of oil
equivalent per day,
        47% geared to liquids.
        While the company has
understandably
        beem focusing on its
financial health,
        it is also setting
        a meaningful target in
place to reduce
        its direct emissions
intensity by
        20% from 2019 levels by
2023.
        That is a good start for
        a company that is
        charting a course for
financial recovery,
        and we have assigned it a
B+ grade
        in our ESG Climate
framework.
        In the years ahead we
would look
        forward to more details
        about its performance in
        relation to its climate
objectives.
        You can read more about
        Journey Energy in our full
report.
        Well thanks for stopping
by and
        click on the notify button
under
        this video on INK Ultra
Money to be
        notified when we have
        our next preview
available.
        You can also follow us on
        Twitter @inkresearch.
        That is all for today and
I hope to see you
        again next week as we let
        the insiders guide us
        to opportunity this fall.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in
        any stock mentioned in
        our videos or in our
reports.