Greenfire Resources Ltd
NYSE:GFR
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
G
|
Greenfire Resources Ltd
NYSE:GFR
|
CA |
|
GEPIC Energy Development Co Ltd
SZSE:000791
|
CN |
Greenfire Resources Ltd
Greenfire Resources Ltd is a CA-based company operating in industry. The company is headquartered in Calgary, Alberta and currently employs 0 full-time employees. The company went IPO on 2021-12-13. Greenfire Resources Ltd is an oil sands producer focused on the sustainable development of its Tier-1 assets in Western Canada. The Company’s operations include Thermal Oil Operations, Tier-1 Oil Sands Reservoir, Hangingstone Facilities, Pipeline Infrastructure, and Cooperation with Trafigura. The Company’s operations are based in the Canadian oil sands where it leverages in situ thermal oil development to access Western Canada’s energy resources. The Company’s resource base is concentrated in the Athabasca region of Northern Alberta and comprises two of the five Tier-1 steam-assisted gravity drainage (SAGD) assets in the province, providing access to a reservoir. The company operates two SAGD oil production facilities within the same Tier-1 reservoir at Hangingstone, situated 50 kilometers (km) south of Fort McMurray in Northern Alberta. Hangingstone Expansion is located 55 km south of Fort McMurray, Alberta. The Demo Asset is located 50 km south of Fort McMurray, Alberta.
Greenfire Resources Ltd is a CA-based company operating in industry. The company is headquartered in Calgary, Alberta and currently employs 0 full-time employees. The company went IPO on 2021-12-13. Greenfire Resources Ltd is an oil sands producer focused on the sustainable development of its Tier-1 assets in Western Canada. The Company’s operations include Thermal Oil Operations, Tier-1 Oil Sands Reservoir, Hangingstone Facilities, Pipeline Infrastructure, and Cooperation with Trafigura. The Company’s operations are based in the Canadian oil sands where it leverages in situ thermal oil development to access Western Canada’s energy resources. The Company’s resource base is concentrated in the Athabasca region of Northern Alberta and comprises two of the five Tier-1 steam-assisted gravity drainage (SAGD) assets in the province, providing access to a reservoir. The company operates two SAGD oil production facilities within the same Tier-1 reservoir at Hangingstone, situated 50 kilometers (km) south of Fort McMurray in Northern Alberta. Hangingstone Expansion is located 55 km south of Fort McMurray, Alberta. The Demo Asset is located 50 km south of Fort McMurray, Alberta.
Recapitalization Plan: Greenfire announced a major recapitalization, including full repayment of senior secured notes and a $300 million equity rights offering, fully backstopped by Waterous Energy Fund.
Debt Reduction: The new plan will leave Greenfire debt-free, replacing notes with an upsized $275 million undrawn credit facility at about half the cost.
Production Guidance: Management expects to hit the top end of 2025 production guidance (15,000–16,000 barrels/day) and reaffirmed $130 million capital spending for the year.
Operational Challenges: Boiler repairs were completed ahead of schedule, but proactive refurbishment continues; sulfur emission issues are being addressed with new facilities expected online in November 2025.
2026 Outlook: The Board approved a 2026 capital budget of $180 million and expects production to remain flat due to project timing and a planned plant outage.
