Greenfire Resources Ltd./$GFR

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About Greenfire Resources Ltd.

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo. The company has one reportable operating segment which is made up of its oil sands operations based on geographic location : Athabasca oil sands region of Alberta, Canada, nature of the products sold and integration of facilities and operations. The company is actively developing its Hangingstone Facilities using SAGD, an enhanced oil recovery extraction method.
Ticker
$GFR
Sector
Energy
Primary listing
NYSE
Employees
197
Headquarters
Calgary, Canada

GFR Metrics

BasicAdvanced
$835M
-
-$0.27
0.18
-

Bulls say / Bears say

The acquisition of Connacher Oil and Gas will boost Greenfire’s pro forma 2026 production to approximately 34 000 bbl/d and sets a long-term growth target of 65 000 bbl/d, doubling its operational scale (Reuters)
Greenfire has identified around C$30 million of annual synergies from combined midstream, marketing, operating cost, and G&A savings to be realized by the end of 2026, enhancing cost efficiency (Reuters)
Waterous Energy Fund has committed to fully backstop the C$575 million rights offering, securing execution of the equity financing and mitigating funding risk for the acquisition (Reuters)
Acquisition financed with an approximately C$700 million draw on an upsized C$1.0 billion reserves-based loan and a C$575 million bridge facility, substantially increasing leverage and financial risk (Reuters)
Repayment of the C$575 million bridge facility hinges on a planned rights offering, which, despite a backstop, could dilute existing shareholders and depends on favorable equity market conditions (Reuters)
The transaction is expected to close in August 2026, meaning any delay could postpone realization of synergies and prolong periods of elevated leverage (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 2 Sept 2026.
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