Greenfire Resources Ltd. (NYSE:GFR) is an oil sands producer that is actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada.
Greenfire Resources Ltd. (NYSE:GFR) took a hit after BMO Capital analyst Tariq Saad downgraded the stock from ‘Outperform’ to ‘Market Perform’, with a price target of C$8. The analyst expects the company to ‘materially outspend’ its cash flow next year, which would drive the company’s leverage higher, especially in a low-price environment.
While we acknowledge the potential of GFR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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