Greenfire Resources shares are trading higher after the Waterous Energy Fund agreed to acquire 29,988,854 shares of the company for an aggregate purchase price of CAD$327.77 million.
Portfolio Pulse from Benzinga Newsdesk
Greenfire Resources shares surged following the announcement that Waterous Energy Fund will acquire nearly 30 million shares for CAD$327.77 million.
September 16, 2024 | 4:30 pm
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Greenfire Resources shares are trading higher due to Waterous Energy Fund's acquisition of nearly 30 million shares for CAD$327.77 million.
The acquisition by Waterous Energy Fund is a significant investment in Greenfire Resources, indicating confidence in the company's future prospects. This is likely to boost investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100