The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A pumpjack sucks oil out of the ground in a serene setting near Longview, Alberta, on April 8, 2000.
A pumpjack sucks oil out of the ground in a serene setting near Longview, Alberta, on April 8, 2000.
(Jeff McIntosh/The Globe and Mail)

Journey Energy IPO could draw up to $248-million

Journey Energy Inc., a junior energy producer with production in central and southern Alberta, is going public in a deal that could fetch as much as $248-million, as the oil patch revival gains more steam.

Journey, led by former NuVista Energy Ltd. CEO Alex Verge, is selling 16.5 million shares at between $13 and $15 apiece, according to the preliminary prospectus filed this week. The initial public offering is being led by BMO Nesbitt Burns and CIBC World Markets Inc.