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Greenfire Resources Ord Shs T.GFR

Alternate Symbol(s):  GFR | GFRWF

Energy Oil & Gas E&P
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

Greenfire Resources Ord Shs > Waterous Energy Fund closes acquisition of 43.3% of GFR
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Comment by matt2018on Nov 12, 2024 2:38pm
78 Views
Post# 36308734

RE:RE:Waterous Energy Fund closes acquisition of 43.3% of GFR

RE:RE:Waterous Energy Fund closes acquisition of 43.3% of GFRpretty sad if BOD's did not look after the best interests of all the shareholders.
Maybe Brigade & the other large asset mngt co's were informed of this move and were on board?
Dont you require a high % of shares to exercise a "creeping takeover"?
Does not look like it trades enough volume to accumulate size on the open market.
Maybe once they gain control of board they will introduce div policy with the FCF instead of paying down debt (avg their cost down even lower).
Casino is rigged against the retail shareholder, there just in the way.


my opinion only, 
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