Greenfire Resources (GFR-T)
TSE:GFR
6.09
0.67
(12.36%) 1d
Financials
Technical Analysis
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This summary was created by AI, based on 1 opinions in the last 12 months.
Greenfire Resources (GFR-T) has shown impressive growth, trading at $10.32 with a 50% increase year-to-date, highlighting the potential of this small-cap oil sands company. The recent acquisition of 43% of the company by Adam Waterous indicates a strategic move to assert control and reshape the board. His intentions to appoint his own directors suggest he may pursue a takeover to secure a larger stake, aiming for a majority of the voting power. Analysts expect that with Waterous's influence, existing board members may exit, leading to potential shifts in company strategy. Furthermore, projections indicate that Eric could consider selling his shares at $10.90 early next year, reflecting optimism about the company's future performance.
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Greenfire Resources(GFR-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Greenfire Resources(GFR-T) Frequently Asked Questions
What is Greenfire Resources stock symbol?
Greenfire Resources is a Canadian stock, trading under the symbol GFR-T on the Toronto Stock Exchange (GFR-CT). It is usually referred to as TSX:GFR or GFR-T
Is Greenfire Resources a buy or a sell?
In the last year, 1 stock analyst published opinions about GFR-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Greenfire Resources.
Is Greenfire Resources a good investment or a top pick?
Greenfire Resources was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Greenfire Resources.
Why is Greenfire Resources stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Greenfire Resources worth watching?
In the last year, there was no coverage of Greenfire Resources published on Stockchase.
What is Greenfire Resources stock price?
On 2025-05-08, Greenfire Resources (GFR-T) stock closed at a price of $6.09.
Small-cap oil sands. He owns about 2M shares. Has done pretty well. After a tussle, Adam Waterous purchased 43% two days ago. What happens now? Waterous wants his own board installed, foreshadows a takeover for more shares. He anticipates he'll get the 50% of votes required, the Board will leave, and Eric will sell his shares at $10.90 early next year.