Added to YB: 2026-03-30
Pitch date: 2026-02-01
GFR [bullish]
Greenfire Resources Ltd.
+23.92%
current return
Author Info
No bio for this author
Company Info
Greenfire Resources Ltd., together with its subsidiaries, engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.
Market Cap
$1.1B
Pitch Price
$5.31
Price Target
44.00 (+569%)
Dividend
N/A
EV/EBITDA
5.75
P/E
13.57
EV/Sales
1.85
Sector
Oil, Gas and Consumable Fuels
Category
value
Greenfire Resources Ltd. - $GFR
GFR: WEF (Adam Waterous) took control late 2024, transforming underperforming asset. Unique opportunity: 30k bbl/d facility capacity vs 16k current production. 'Drill to fill' at C$15k/flowing bbl (vs C$50k market value, C$90k peers). C$48 netback/bbl on incremental production with 95% fixed opex = high operating leverage. C$300M rights offering completed, net cash balance sheet. Production growing 4k/yr to 2029. Trading <3x future FCF at full capacity, ~35% of PDP NAV. M&A optionality with nearby assets (CNOOC 25% JV, Connacher, etc). Risk: commodity prices, differentials, FX.
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