The Globe and Mail reports in its Thursday, Sept. 7, edition that Echelon Capital analyst Adam Gill commenced coverage on Journey Energy with a "buy" recommendation and $7.15 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $6.94. Mr. Gill says in a note: "The most interesting and impactful part of Journey's story, in our view, is its emerging power generation business. The growth in this business has positive impacts to both cash flow growth and cash flow stability. We believe that as power makes a more meaningful contribution to revenues in 2024 and beyond, Journey will see a sustained lift in valuation. We believe Journey is undergoing a partial transformation as it builds out its power generation portfolio. With the Gilby and Mazeppa plants up and running, we see a meaningful boost in cash flows and corresponding compression in valuation. While Journey at its core will still be an E&P company, we believe the risk reduction from a decoupled revenue stream in power will warrant some valuation premium for the stock." The Globe reported on March 24, 2022, that Acumen Capital rated Journey Energy "speculative buy." It was then worth $5.20.