Greenfire Resources (GFR) has released an update.
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Greenfire Resources Ltd., a Canadian energy company, has announced the redemption of US$61 million of its US$300 million senior secured notes due in 2024. This strategic financial move aligns with the company’s cash management policy, directing a majority of excess cash flow to reduce debt, with the balance supporting shareholder returns. The company is set to release its Q2 2024 financial results in August.
For further insights into GFR stock, check out TipRanks’ Stock Analysis page.
