Greenfire Resources Launches $300 Million Rights Offering and Plans Debt Reduction

Greenfire Resources ( (GFR) ) has shared an update.

Greenfire Resources has announced a CAD$300 million rights offering and a conditional redemption of US$237.5 million of its senior secured notes due 2028. The rights offering allows shareholders to purchase additional shares at a discounted price, with the proceeds intended to fund the redemption of the notes. The Waterous Energy Fund, a major shareholder, has committed to purchasing any unsubscribed shares, ensuring the success of the offering. This strategic move is expected to strengthen Greenfire’s financial position and reduce its debt obligations, potentially enhancing its market competitiveness and operational efficiency.

The most recent analyst rating on (GFR) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Greenfire Resources stock, see the GFR Stock Forecast page.

Spark’s Take on GFR Stock

According to Spark, TipRanks’ AI Analyst, GFR is a Neutral.

Greenfire Resources’ overall score is driven by its strong valuation and solid financial performance, despite challenges in revenue growth and cash flow. The earnings call provided positive guidance on debt reduction and operational improvements, but concerns about leverage and flat production in 2026 weigh on the outlook. Technical indicators suggest a bearish trend, adding to the cautious sentiment.

To see Spark’s full report on GFR stock, click here.

More about Greenfire Resources

Greenfire Resources Ltd. operates in the energy sector, focusing on the development and management of energy resources. The company is involved in the exploration and production of oil and gas, aiming to enhance its market presence and operational capabilities.

Average Trading Volume: 48,233

Technical Sentiment Signal: Strong Sell

Current Market Cap: $313.9M

See more insights into GFR stock on TipRanks’ Stock Analysis page.