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Greenfire Resources Ltd
Symbol GFR
Shares Issued 70,253,253
Close 2025-10-29 C$ 6.60
Market Cap C$ 463,671,470
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Globe says Greenfire seen as long-life-asset winner

2025-10-30 08:52 ET - In the News

Also In the News (C-SCR) Strathcona Resources Ltd

The Globe and Mail reports in its Thursday edition that inspired by persistent insider buying of oil patch stocks, Canadian oil stocks with long-life assets may start to grab the attention of global investors. Guest columnist Ted Dixon writes that the theme is gaining attention as the growth outlook for U.S. onshore oil production becomes increasingly uncertain. Donald Trump returned to the presidential office this year, promising to "drill, baby, drill," but instead of a Trump pump, American crude oil production may be experiencing a Trump slump. Depending on data sources used, onshore U.S. crude oil production growth, excluding natural gas plant liquids, appears to be slowing or even stagnating. The Canadian long-life theme started to gain speed on May 15 when Strathcona Resources made a hostile bid for thermal oil producer MEG Energy, which boasts a proved and probable reserve life index of 50 years. Strathcona is majority owned (79.6 per cent) and controlled by Adam Waterous's Waterous Energy Fund, which also majority-owns heavy oil producer Greenfire Resources. With Greenfire's share price down 30.9 per cent so far in 2025 as of Monday, the stock is seen by some investors as a potential contrarian heavy oil play.

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