Journey Energy (OTC) (TSE:JOY) has released an update.
Journey Energy Inc. is set to enhance its financial stability and energy production in 2024, with plans to reduce debt by over $20 million, increase capital expenditure to $51 million, and advance the development of two new power facilities. The company has already seen production exceed expectations from recent wells and aims to further expand its exploration and development program in the latter half of the year. Moreover, Journey’s power projects are projected to contribute significantly to cash flow in 2025, underscoring the company’s strategic growth in the energy sector.
For further insights into TSE:JOY stock, check out TipRanks’ Stock Analysis page.
