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Greenfire Resources Ltd. - $GFR STOCK NEWS

Welcome to our dedicated page for Greenfire Resources Ltd. news (Ticker: $GFR), a resource for investors and traders seeking the latest updates and insights on Greenfire Resources Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Greenfire Resources Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Greenfire Resources Ltd.'s position in the market.

Rhea-AI Summary
Greenfire Resources will present at the 2024 BMO Capital Markets & CAPP Energy Symposium in Toronto. CFO and VP will meet investors and give a presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
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conferences
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Rhea-AI Summary
Greenfire Resources files its annual report on Form 20-F for fiscal year 2023 with the SEC, including an independent evaluation of its bitumen reserves. The report can be accessed on the company's website, EDGAR, and SEDAR+.
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Rhea-AI Sentiment
End-of-Day
0.33%
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Rhea-AI Summary
Greenfire Resources celebrates its listing on the Toronto Stock Exchange (TSX) with a market opening ceremony. The company is an oil sands producer in Western Canada, focusing on sustainable development. Operating two facilities, Greenfire produced approximately 20,800 bbls/d net in December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
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none
Rhea-AI Summary
Greenfire Resources (NYSE: GFR) reports positive production results and financial performance for Q4 2023, with significant growth in bitumen production and adjusted EBITDA. The company also highlights successful drilling programs, reserves evaluations, and operational updates, positioning itself for continued growth and debt repayment. Greenfire's Tier-1 SAGD assets and strategic initiatives reinforce its value potential and commitment to shareholder returns.
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Rhea-AI Sentiment
End-of-Day
4.35%
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Rhea-AI Summary
Greenfire Resources (NYSE: GFR) plans to release its operating and financial results for Q4 2023 and year-end 2023 reserves on March 20, 2024, with a conference call scheduled for March 21, 2024. The company faces a NYSE listing standard notice due to insufficient public stockholders but intends to present a business plan to cure the deficiency within 18 months.
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Rhea-AI Sentiment
End-of-Day
13.16%
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Rhea-AI Summary
Greenfire Resources Ltd. (NYSE: GFR) provides a corporate guidance for 2024, targeting 25-40% annual production growth and accelerated debt repayment. The company's 2024 Outlook includes capital expenditures of $70-90 million, focusing on exploiting existing capital efficient and productive inventory of pre-heated bitumen locations. Greenfire aims to reduce debt semi-annually using 75% of Excess Cash Flow and has implemented a WTI hedging program for 2024. The company's capital expenditures are forecasted to be funded from operations down to US$35/bbl WTI, inclusive of the existing 2024 Hedging Program. Greenfire's production is 100% weighted to benchmarks linked to the WCS differential, and the company has material exposure to Canadian heavy oil pricing. The company has expanded investor access with a TSX listing and plans to host a conference call to discuss its 2024 Outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.42%
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none
Rhea-AI Summary
Greenfire Resources Ltd. (NYSE: GFR) is set to commence trading on the Toronto Stock Exchange under the ticker symbol 'GFR' on February 8, 2024. The company's 2024 Outlook is scheduled to be released after the market closes on the same day, with a conference call to discuss the outlook planned for February 9, 2024. Greenfire filed a final non-offering prospectus with the Alberta Securities Commission and received approval for listing on the TSX, aiming to expand investor access and enhance trading liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
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none
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Rhea-AI Summary
Greenfire Resources Ltd. (NYSE: GFR) provided an operational update for Q4/23, reporting higher production reflecting success from growth initiatives, a strong balance sheet with ample liquidity, and prudent risk management enhancing WTI floor price. The company successfully drilled extended reach Refill wells, with average monthly production rates of approximately 1,500 bbls/d per well. NCG debottlenecking initiatives resulted in sustained higher rates of NCG co-injection and continued increases in reservoir pressure. The 2024 Hedging Program was implemented to mitigate volatility with WTI fixed price swaps at approximately US$71/bbl.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.17%
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none
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Rhea-AI Summary
Greenfire Resources Ltd. (NYSE: GFR) Announces Q3 2023 Operating and Financial Results, Completion of Business Combination, and Refinancing of Senior Notes. The company reports successful completion of drilling programs and progress in non-condensable gas debottlenecking initiatives, aiming to drive value for shareholders and enhance production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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Rhea-AI Summary
Greenfire Resources Ltd. (NYSE: GFR) to Release Q3 2023 Financial and Operating Results on November 14, 2023. The Calgary-based energy company will host a conference call on November 15, 2023, to discuss the results.
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Rhea-AI Sentiment
End-of-Day
1.71%
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Greenfire Resources Ltd.

NYSE:GFR

GFR Rankings

GFR Stock Data

401.32M
7.45M
61.23%
28.57%
0.04%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Calgary