Added to YB: 2026-05-29
Pitch date: 2026-05-27
GFR [neutral]
Greenfire Resources Ltd.
+0.87%
current return
Author Info
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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
$985.6M
Pitch Price
$5.74
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.98
P/E
-16.27
EV/Sales
1.81
Sector
Oil, Gas and Consumable Fuels
Category
value
GREENFIRE RESOURCES LTD (TSX: GFR.TO / NYSE: GFR)
GFR.TO (overview): SAGD producer at ~4.6x 2028E FCF ($65 WTI), ~50% discount to 2P NAV. WEF (72% owner) reset strategy: new well pairs vs refills, retired $237.5M 12% debt via rights offering. Demo 100% WI producing 5-6 Mbbl/d vs 7.5 capacity; Expansion 75% WI at 8.5-9.5 Mbbl/d net vs 22.5 capacity. Target ~26.3 Mbbl/d net by 2028 (close to capacity). 409 MMbbl 2P reserves (~33yr RLI at capacity). Good reservoir quality: 4-5.7D permeability, 22-24m net pay. EV/flowing bbl $70k vs $15k capex/bbl (5x value creation). Risks: oil price, execution, WEF control
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