Guido Ciancio - Journey Energy Vice Land

JOY Stock  CAD 2.22  0.03  1.37%   

Executive

Guido Ciancio is Vice Land of Journey Energy
Address Centre 10, Calgary, AB, Canada, T2R 0A8
Phone403 294 1635
Webhttps://www.journeyenergy.ca

Journey Energy Management Efficiency

The company has return on total asset (ROA) of 0.0165 % which means that it generated a profit of $0.0165 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0156 %, meaning that it generated $0.0156 on every $100 dollars invested by stockholders. Journey Energy's management efficiency ratios could be used to measure how well Journey Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of the 24th of November 2024, Return On Tangible Assets is likely to grow to 0.03. Also, Return On Capital Employed is likely to grow to 0.06. At this time, Journey Energy's Net Tangible Assets are very stable compared to the past year. As of the 24th of November 2024, Return On Tangible Assets is likely to grow to 0.03, while Total Assets are likely to drop about 478.1 M.
Journey Energy has accumulated 44.95 M in total debt with debt to equity ratio (D/E) of 305.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Journey Energy has a current ratio of 0.18, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Journey Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Journey Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Journey Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Journey to invest in growth at high rates of return. When we think about Journey Energy's use of debt, we should always consider it together with cash and equity.

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Journey Energy Inc. engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Journey Energy Inc. was founded in 2007 and is headquartered in Calgary, Canada. JOURNEY ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 53 people. Journey Energy (JOY) is traded on Toronto Exchange in Canada and employs 6 people. Journey Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Journey Energy Leadership Team

Elected by the shareholders, the Journey Energy's board of directors comprises two types of representatives: Journey Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Journey. The board's role is to monitor Journey Energy's management team and ensure that shareholders' interests are well served. Journey Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Journey Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gerald CMA, CFO Secretary
Guido Ciancio, Vice Land
Alexander Verge, CEO President
Aaron Bell, Vice Engineering
Brett Boklaschuk, Vice President - Exploration
Richard Tracy, Vice Operations

Journey Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Journey Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Journey Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Journey Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Journey Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Journey Stock

  0.71FFH-PC Fairfax Fin HldPairCorr
  0.69FFH Fairfax FinancialPairCorr
  0.66ELF E L FinancialPairCorr
  0.59ENS E Split CorpPairCorr
  0.55ENS-PA E Split CorpPairCorr
The ability to find closely correlated positions to Journey Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Journey Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Journey Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Journey Energy to buy it.
The correlation of Journey Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Journey Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Journey Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Journey Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Journey Stock

Journey Energy financial ratios help investors to determine whether Journey Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Journey with respect to the benefits of owning Journey Energy security.