Journey Energy (JOY) has notable insider buying

Journey Energy (T:JOY)

Alexander G. Verge, CEO and Director, acquired 32,500 Common Shares on an indirect ownership basis for registered holder Alex Verge RRSP at a price of $1.900 through the public market on June 14th, 2017. The insider also acquired 25,000 Common Shares on an indirect ownership basis for registered holder Audrey Mascarenhas RRSP at a price of $1.900 through the public market on June 14th, 2017. This represents a $109,250 investment into the company's shares and an account share holdings change of 19.1%.

Journey Energy Inc (Journey) is a Canada-based exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas in the Western Canada Sedimentary Basin. The Company is focused on conventional, oil-weighted operations in western Canada. Journey's Central Region is located west of Edmonton. Journey's South Region is located southeast of Calgary. The Company has drilled approximately 40 horizontal wells. The Company holds interests in approximately 300 oil pools along a prolific resource fairway. The Company is engaged in developing approximately five pools, and operating over eight water floods and a gas reinjection project. The Company is also involved in drilling its existing core lands, implementing water flood projects and executing on accretive acquisitions.