Reported Earlier, Greenfire Resources Sees Major Shareholders Allard, Annapurna, And Modro Exit With C$327M Stake Sale To Waterous Energy Fund
Portfolio Pulse from Benzinga Newsdesk
Greenfire Resources' major shareholders, Allard, Annapurna, and Modro, have sold their C$327 million stake to Waterous Energy Fund. This significant transaction may impact Greenfire Resources' stock dynamics.
September 17, 2024 | 6:24 am
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Greenfire Resources' major shareholders have exited by selling their C$327 million stake to Waterous Energy Fund. This could lead to changes in company control and influence stock price volatility.
The sale of a significant stake by major shareholders can lead to changes in company control and influence stock price volatility. However, the direct impact on GFR's stock price is uncertain without further details on Waterous Energy Fund's plans.
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IMPORTANCE 80
RELEVANCE 100