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Greenfire Resources Ord Shs T.GFR

Alternate Symbol(s):  GFR | GFRWF

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. It 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.


TSX:GFR - Post by User

Comment by Maxmoeon Apr 19, 2024 11:44am
47 Views
Post# 35998134

RE:RE:MORE DIVERSITY In The TRADING

RE:RE:MORE DIVERSITY In The TRADINGThis stock gives me a massive accounting migraine. Spac and de-spac transactions are just unnecessarily complex and confusing for me and 99% of other investors. So it's a bit of a leap of faith based on who is involved, or not involved with this massive transaction. Is it the next athabasca or will it wither and die due to so many seen and unseen tentacles suckling at the treasury? It does remind me of ATH but with a messy spac overlay. Eric nuttal made himself and his clients a fortune and set him up for life buying ATH at 18 cents from a beleaguered and desperately inept Norwegian government shareholder. I'm prone to bragging I bought at 11 cents and made a very tidy sum. ATH is still my largest holding even after selling 75% of my original holding. So now I've been redeploying into mostly boring safer investments. A bank, a couple gas producers, gold miner, etc. So here I am trying to pull the trigger on a position in a company with a very unknown, or misunderstood, capital structure. ATH was a no brainer at the time, the spring of 2020, along with baytex at 29, pey at 98, etc.  this time it's a greater leap despite wti being double. Good luck to us all. 
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