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Journey Energy ( (TSE:JOY) ) has issued an announcement.
Journey Energy Inc. has entered a new lending relationship with a Canadian Chartered Bank, securing a credit facility of up to $55 million to support its Duvernay development. This move is expected to enhance Journey’s production capabilities and cash flow, positioning it as a higher netback company. Additionally, Journey has adopted advance notice provisions for board nominations, providing a structured framework for shareholder engagement.
More about Journey Energy
Journey Energy Inc. operates in the energy sector, focusing on the development and production of oil and gas resources. The company is actively involved in the Duvernay light-oil venture, which is a significant part of its strategy to increase production and cash flow.
YTD Price Performance: -23.94%
Average Trading Volume: 50,779
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $72.71M
Learn more about JOY stock on TipRanks’ Stock Analysis page.