Here is Why Greenfire Resources (GFR) Gained This Week

The share price of Greenfire Resources Ltd. (NYSE:GFR) surged by 12.66% between November 7 and November 14, 2025, putting it among the Energy Stocks that Gained the Most This Week.

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) shot up after it was revealed on November 12 that Waterous Energy Fund Management Corp. (WEF) had invested over C$57 million in the company by acquiring 8,703,479 of its common shares. This takes WEF’s total stake to approximately 68.3% of the issued and outstanding common shares of Greenfire on an undiluted basis.

It is worth mentioning that Greenfire Resources Ltd. (NYSE:GFR) announced a C$300 million equity rights offering on November 4 to help fully repay all of its outstanding senior secured notes.

Despite the recent gains, the share price of Greenfire Resources Ltd. (NYSE:GFR) has fallen by almost 18% since the beginning of 2025.

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Disclosure: None.