Q: Thoughts on Greenfire Resources overall and recently announced growth plans?
5i Research Answer:
GFR is a $752M company with a cheap forward P/E of 5.5X, forward growth is expected to be strong, its balance sheet is solid, and it is free cash flow positive. Its growth plans are interesting, and the stock's momentum is indicative of how the market views these results and plans as being positive. Overall, we think this looks like an interesting name with a good growth setup. We would be OK with a small position size, while considering its small-cap risks.