Waterous PE firm targets Canadian, U.S. energy assets: Reuters
Private equity firm Waterous Energy Fund is seeking investment opportunities in the Canadian oil and gas sector as valuations turn attractive after a prolonged slump in the oil price, making a contrarian bet as global players pull back, Reuters reported. Calgary-based Waterous Energy, which invests $100 million to $400 million per deal in energy assets, is targeting companies in Canada and the United States, and is finding Canada particularly appealing, said Adam Waterous, head of Waterous Energy and a former top investment banker at Bank of Nova Scotia. This week, Waterous Energy agreed to pay about $244 million for a 67 percent stake in Canadian energy company Northern Blizzard Resources Inc.
12 April 2017•2 mins read
