Greenfire Resources Ltd.
GFR.TO
Toronto Stock Exchange7.92
CAD
+0.18
- -
Greenfire Resources Ltd.
GFR.TO
(Toronto Stock Exchange)
Recent
price
7.92
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Greenfire Resources Ltd. (TSX, NYSE: GFR) engages in the exploration, development, and production of thermal oil resources from oil sands assets in the Athabasca region of Alberta, Canada, utilizing steam-assisted gravity drainage (SAGD) extraction technology to produce diluted and non-diluted bitumen. The company operates two primary SAGD facilities—Hangingstone Demo and Hangingstone Expansion (together, the Hangingstone Facilities)—within a Tier-1 reservoir located approximately 50 kilometers south of Fort McMurray, Alberta; these assets feature installed plant capacity of approximately 35,000 barrels per day at the Expansion facility (on a 100% basis), expandable pipeline infrastructure for diluted bitumen and diluent transportation, and supporting operations including thermal oil production, infrastructure, and pipelines. Greenfire targets the upstream energy sector, serving energy markets with responsibly developed, low-decline thermal oil resources through in situ recovery methods that emphasize scalable cost efficiencies and resource recovery. Founded in 2018 and headquartered at Suite 1900, 205 – 5th Avenue SW, Calgary, Alberta, Canada, the company conducts all operations within Western Canada, focusing on the Athabasca oil sands with a workforce of approximately 193 employees. Its single reportable segment comprises integrated oil sands activities based on geographic location, product nature, and facility integration. Recent strategic developments include Waterous Energy Fund's acquisitions of significant common shares, reaching approximately 56.5% ownership by late 2024 through private transactions, triggering a mandatory change-of-control offer for senior notes settled in February 2025; the announcement in October 2024 of future growth plans featuring a modernized SAGD drilling strategy with extended-reach and curved wells, Super Pad consolidation for production increases, and plans to utilize existing capacity at Hangingstone via Refill wells (with three drilled in early 2024 and ten more planned); and in November 2025, the intent to conduct a C$300 million rights offering alongside a conditional redemption notice for 2028 Notes. These initiatives support production growth, reserve updates in the year-end 2024 report, and infrastructure optimization without material new capital expenditures.