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The latest announcement is out from Greenfire Resources ( (GFR) ).
Greenfire Resources announced the expiration and results of its Change of Control Offer regarding its 12.000% Senior Secured Notes due 2028. Following Waterous Energy Fund’s acquisition of a 56.5% stake in Greenfire, the company was obligated to make an offer for the Notes, which expired on February 19, 2025. Only $5,000 in aggregate principal amount of the Notes was tendered and accepted for purchase, with settlement expected by February 24, 2025, impacting the company’s financial obligations and demonstrating shareholder influence on corporate actions.
More about Greenfire Resources
Greenfire Resources is a junior oil sands producer focused on developing long-life, low-decline thermal oil assets in the Athabasca region of Alberta, Canada. The company aims to capitalize on its extensive resource base and established infrastructure to achieve efficient production growth, with its shares traded on both the NYSE and TSX under the symbol ‘GFR’.
YTD Price Performance: -9.77%
Average Trading Volume: 85,974
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $457.1M
Find detailed analytics on GFR stock on TipRanks’ Stock Analysis page.