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The latest announcement is out from Greenfire Resources ( (GFR) ).
On December 19, 2025, Greenfire Resources Ltd. completed a major refinancing initiative, highlighted by a C$300 million rights offering to eligible shareholders that closed on December 16 and was fully subscribed, resulting in the issuance of 55,147,055 common shares at C$5.44 (US$3.85) per share and increasing the total shares outstanding to 125,404,146. Using the net proceeds from this offering together with cash on hand, the company redeemed its US$237.5 million 12% senior secured notes due 2028 and simultaneously increased its revolving senior credit facility with a syndicate of Canadian banks to C$275 million, leaving Greenfire debt-free as of December 19, 2025 and signaling a significantly strengthened balance sheet, reduced interest burden, and improved financial flexibility for shareholders and lenders.
The most recent analyst rating on (GFR) stock is a Buy with a $5.50 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 Outperform.
Greenfire Resources demonstrates strong valuation and technical momentum, supported by a solid financial performance. The transformational recapitalization plan and production targets are positive, but challenges with leverage and emissions need addressing.
To see Spark’s full report on GFR stock, click here.
More about Greenfire Resources
Greenfire Resources Ltd. is a Calgary-based energy company operating in the oil and gas sector. The company is listed in both Canada and the United States and finances its operations through a combination of equity and credit facilities, positioning itself within the North American upstream energy market.
Average Trading Volume: 144,411
Technical Sentiment Signal: Sell
Current Market Cap: $551.8M
For a thorough assessment of GFR stock, go to TipRanks’ Stock Analysis page.