Your Portal for Key Energy Information and Research

Waterous Energy Fund, L.P.

Company Summary

Description

Waterous Energy Fund is a Calgary-based energy investment firm with offices in Houston and New York. Founded in 2017 by Adam Waterous, the firm is pursuing investments in the North American oil and gas sector. WEF’s team of investment professionals has extensive experience, both financial and technical, in the energy industry. WEF’s current portfolio includes Strath Resources Ltd., a high-growth Kakwa Montney condensate producer in Alberta, and Cona Resources Ltd., a long-life, low-decline, high free cash flow heavy oil producer in Saskatchewan.

Website

http://www.waterous.com/

Operational Regions

  • North America

Related Entities

Recent news

  • 6/14/2021 - Waterous Energy Fund... (subscriber access)
  • 5/3/2021 - Waterous Energy Fund... (subscriber access)
  • 3/16/2021 - Waterous Energy Fund... (subscriber access)
  • 3/3/2021 - Waterous Energy Fund... (subscriber access)
  • 2/1/2021 - Waterous Energy Fund... (subscriber access)

Company Transactions

Date: 6/14/2021
Type: Acquisition

BUYERS:
  • Waterous Energy Fund, L.P.
    • SELLERS:
  • Osum Oil Sands Corp.
    • DETAILS:
    NOTES:
    Waterous Energy Fund has closed on the combination of its two portfolio companies: Strathcona Resources & Osum Oil Sands Corp. The company will continue as Strathcona and is 100% owned by Waterous Energy Fund.
    REGIONS:
  • Canada

    • Date: 12/31/2019
    Type: Acquisition

    BUYERS:
  • Cona Resources Ltd.
  • Waterous Energy Fund, L.P.
    • SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    COST: 740 $MM

    NOTES:
    Pengrowth has reached a deal with Waterous Energy Fund backed Cona Resources, whereby Cona will repay all principal and accrued interest on Pengrowths credit facility and secured notes. They will also acquire all outstanding shares for a cash consideration of CDN$0.05 per share. The total value of the transaction is $740 million.
    REGIONS:
  • Canada