Greenfire Resources Ltd.s Prospects Need A Boost To Lift Shares - Simply Wall St
| GFR Stock | 9.64 0.24 2.43% |
About 61% of Greenfire Resources' investor base is looking to short. The current sentiment of investing in Greenfire Resources suggests that many traders are alarmed. Greenfire Resources' investing sentiment overview a quick insight into current market opportunities from investing in Greenfire Resources. Many technical investors use Greenfire Resources stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Greenfire Resources Ltd.s Prospects Need A Boost To Lift Shares Simply Wall St
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Greenfire Resources Fundamental Analysis
We analyze Greenfire Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Greenfire Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Greenfire Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Asset
Return On Asset Comparative Analysis
Greenfire Resources is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Greenfire Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Greenfire Resources stock to make a market-neutral strategy. Peer analysis of Greenfire Resources could also be used in its relative valuation, which is a method of valuing Greenfire Resources by comparing valuation metrics with similar companies.
Peers
Greenfire Resources Related Equities
| TOU | Tourmaline Oil | 0.68 | ||||
| ARX | ARC Resources | 0.31 | ||||
| PSK | PrairieSky Royalty | 0.35 | ||||
| WCP | Whitecap Resources | 1.00 | ||||
| POU | Paramount Resources | 1.22 | ||||
| OVV | Ovintiv | 1.79 | ||||
| MEG | MEG Energy | 1.94 | ||||
| CNQ | Canadian Natural | 2.26 |
Check out Greenfire Resources Hype Analysis, Greenfire Resources Correlation and Greenfire Resources Performance. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.