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Greenfire Resources Ord Shs T.GFR

Alternate Symbol(s):  GFR | GFRWF

Greenfire Resources Ltd. is an energy company focused on the production and development of thermal energy resources from the Athabasca region of Alberta, Canada. Its business is the production and development of upstream energy resources from the oil sands in Canada, using in situ thermal oil production extraction techniques, such as steam assisted gravity drainage (SAGD). Its operations include Thermal Oil Operations, Tier-1 Oil Sands Reservoir, Hangingstone Facilities, Infrastructure & Pipelines and Cooperation with Trafigura. Its operations in the Canadian oil sands leverage in situ thermal oil development to access Western Canada’s energy resources. 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. Its Demo Asset is located 50 km south of Fort McMurray, Alberta. The Expansion Asset and Demo Asset (together the Hangingstone Facilities) have a Tier-1 SAGD reservoir.


TSX:GFR - Post by User

Comment by Maxmoeon Sep 25, 2024 12:22pm
125 Views
Post# 36240398

RE:RE:Greenfire swallows POISON PILL, awaits TSX acceptance

RE:RE:Greenfire swallows POISON PILL, awaits TSX acceptanceReminds me of a Brookfield aka crookfield absorption of its prey. Crazy how management make literally $billions on their deals while their own shareholders/unitholders/investors make modest returns. Why do cppib and other huge capital pools surrender their capital to others like waterous and Brookfield? Beats me. But regardless of the seemingly disproportionate sharing of the spoils that go to the victors, it all comes from the value of the target. Gfr ,in this case, is worth far more than what waterous just paid. Poison pills historically delay the inevitable and MAY force the buyer to sweeten the pot. Like crookfield did with IPL. But if they are determined, they have the team of lawyers to get their way eventually. If Gfr can't turn them away now, the outcome will not favour minority shareholders unless a "white knight" rides in over the hill. Good luck to us all ! 
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