Strathcona Resources agrees to acquire Greenfire Resources
Story updates
04:46:17 AM UTC
SquawkNews
CALGARY, AB, Nov. 8, 2026 // -- Strathcona Resources Ltd. ("Strathcona") (TSX:SCR) and Greenfire Resources Ltd. ("Greenfire") (TSX:GFR, NYSE:GFR) today announced a definitive agreement (the "Arrangement Agreement") for Strathcona to acquire all of the outstanding shares of Greenfire (the…
04:46:39 AM UTC
SquawkNews
Strathcona agreed to acquire all Greenfire shares for approximately $2.7B—$2.9B in total transaction value, including approximately $550M of net debt. Consideration includes up to approximately $740M cash and 43M—60M Strathcona shares; closing is expected shortly after shareholder meetings expected…
04:48:34 AM UTC
SquawkNews
Strathcona reported Q3 production of 123 Mboe/d, up 6% from Q2, and free cash flow of $286M, approximately flat sequentially. It raised its quarterly dividend 7% to $0.32 per share and agreed to acquire Greenfire Resources, with closing expected in late January 2027, subject to approvals.Material D…
04:52:00 AM UTC
SquawkNews
Strathcona Resources Ltd. (SCR) Agrees to Acquire Greenfire for $2.7B–$2.9B
04:54:55 AM UTC
SquawkNews
Canada's Strathcona Resources TSX:SCR said on Sunday it would acquire Greenfire Resources TSX:GFR in a deal valued at about C$2.7 billion ($1.91 billion) to C$2.9 billion, including debt.Greenfire shareholders can elect to receive either 0.25 Strathcona shares or C$11 in cash for each Greenfire sha…