Incannex Healthcare Halted, News Pending
CALGARY, Alberta – Greenfire Resources Ltd., a $350 million market cap company specializing in crude petroleum and natural gas, has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC), detailing the upcoming annual meeting and management information circular for shareholders. The meeting is set for a date that was previously announced on April 3, 2025. According to InvestingPro data, the company has demonstrated strong performance with a 21% revenue growth and healthy profit margins of 33% in the last twelve months.
According to the SEC filing made today, Greenfire Resources Ltd., which is listed under the SEC file number 001-41810, will conduct its annual meeting in accordance with the notice and management information circular distributed to shareholders. The circular, dated April 3, 2025, outlines the matters to be addressed at the meeting. With a current stock price of $5 and trading near its Fair Value according to InvestingPro analysis, investors may want to closely monitor the company’s strategic decisions at this meeting.
The company, headquartered at Suite 1900, 205 – 5th Avenue SW in Calgary, Alberta, operates within the Energy & Transportation sector and is incorporated in Alberta, Canada. While the specific agenda items for the meeting were not disclosed in the filing, such gatherings typically cover the election of the board of directors, approval of financial statements, and other key corporate governance matters.
The Form 6-K also includes a form of proxy, allowing shareholders who are unable to attend the meeting to vote on the proposals presented. The proxy form is a standard document that enables shareholders to appoint a representative to vote on their behalf according to their instructions.
Greenfire Resources Ltd.’s Chief Financial Officer, Tony Kraljic, signed the SEC filing, affirming the company’s compliance with the regulations of the Securities Exchange Act of 1934. The filing reaffirms Greenfire Resources Ltd.’s commitment to transparency and proper communication with its shareholders.
The information disclosed in this article is based on the most recent Form 6-K filing by Greenfire Resources Ltd. with the SEC and serves as a formal notice to both the commission and the company’s shareholders.
In other recent news, Greenfire Resources Ltd reported a significant improvement in its financial performance for the fourth quarter of 2024. The company saw its adjusted funds flow rise to $53 million, a notable increase from $10.5 million in the same period the previous year. Full-year adjusted funds flow also nearly doubled, reaching $172 million compared to $73.2 million in 2023. Despite these gains, Greenfire faces challenges in maintaining production growth into 2025 due to operational setbacks, including a steam generation unit being offline. The company has a strong liquidity position with $117 million available, comprising cash and credit facilities. Greenfire is focusing on long-term value creation and an operational strategy overhaul, although specific production guidance for 2025 has not been provided. Analysts have raised concerns about the impact of operational issues on future production, but management has assured that no permanent reservoir damage has occurred. The company’s hedging program for 2025 includes fixed price swaps for 9,400 barrels per day at approximately $101 per barrel CAD.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.