Greenfire Resources Ltd.

• AV Aegis Value Fund Portfolio Manager’s Letter ↗ Aegis Value Fund kept a large energy allocation, arguing depleted inventories, constrained supply and underinvestment support oil producers, while retaining precious-metals miners despite a correction. It held Cenovus, reduced Equinox, sold Amerigo on valuation and feedstock risk, and bought Radian, hotel REITs, Jet2 and Harley-Davidson at discounted valuations. 1st Half Ended June 30, 2026 ARG $948MATHOF $3.9BCLDT $803M +13
• FF Fairfax Financial Holdings Chairman’s Letter to Shareholders ↗ Fairfax Financial Holdings credits decentralized underwriting, investment income and disciplined capital allocation for record operating results, while maintaining share repurchases and employee ownership. The company agreed to sell Eurolife’s life business to Eurobank, backed Kennedy Wilson’s privatization, expanded Indian insurance ventures and built major positions in Under Armour and Metlen Energy. 2025 FRFHF $40BCIBEY $7.7BGFR $1.9B +3

All coverage of GFR →