Added to YB: 2024-06-14
Pitch date: 2024-06-13
GFR [bullish]
Greenfire Resources Ltd.
-26.23%
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
$448.6M
Pitch Price
$6.10
Price Target
10.50 (+133%)
Dividend
N/A
EV/EBITDA
3.30
P/E
3.34
EV/Sales
1.01
Sector
Oil, Gas and Consumable Fuels
Category
growth
Greenfire Resources: Undervalued Oil Sands Producer with High Growth Potential
GFR: Pure-play oil sands producer acquired Hangingstone assets at steep discount to development cost. Operational improvements & refill drilling to drive volumes to 33.8 mb/d capacity by late 2025, implying fastest growth among peers. Trades at 0.5x 2025 EV/EBITDA vs 2.5x peer avg. $10.50 TP = 1x 2025 EV/EBITDA, well below $30 proved NAV.
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