Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Journey Energy Closes CA$8 Million Acquisition of Interest in Keyera Rimbey Facility

Journey Energy Closes CA$8 Million Acquisition of Interest in Keyera Rimbey Facility

MT newswireMT newswire2026/09/11 20:52
04:52 PM EDT, 09/11/2026 (MT Newswires) -- Journey Energy (JOY.TO) on Friday said it closed the acquisition of a private company for CA$8.0 million, subject to customary closing adjustments. The acquired company's primary asset is a 0.98% working interest in the Keyera Rimbey natural gas processing facility and related infrastructure. Journey said the asset generates about CA$0.7 million in annual third-party processing revenue and is also expected to reduce operating costs for processing gas production from its Duvernay Joint Venture. The company expects the acquisition to pay out within two to three years based on forecast revenue and operating cost savings. Journey's shares closed up CA$0.13 to CA$6.13 on the Toronto Stock Exchange on Friday.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!