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Greenfire Resources ( (GFR) ) just unveiled an announcement.
Greenfire Resources Ltd. reported significant growth in its year-end 2024 reserves, with a 28% increase in proved reserves and a 72% increase in proved plus probable reserves compared to the previous year. The company also highlighted a strong financial performance, with bitumen production averaging 19,292 barrels per day and adjusted free cash flow reaching $80.1 million for the year, underscoring its robust operational capabilities and positive outlook for stakeholders.
More about Greenfire Resources
Greenfire Resources Ltd. operates in the oil and gas industry, focusing on the production and development of bitumen. The company holds significant interests in the Hangingstone Facilities, which include both the Expansion and Demonstration assets, positioning it as a key player in the Canadian energy sector.
YTD Price Performance: -31.64%
Average Trading Volume: 82,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $345.3M
For a thorough assessment of GFR stock, go to TipRanks’ Stock Analysis page.