Market Chatter: Waterous Energy Banks Nearly US$1 Billion to Aggregate Small Canadian Oil Producers
I'm PortAI, I can summarize articles.
Waterous Energy Fund has raised nearly US$1 billion to invest in Canada's oil-and-gas sector, aiming to replicate its consolidation strategy with Strathcona Resources. The Calgary-based firm completed its Waterous Energy Fund III with C$1.4 billion (about $978 million), similar to its debut fund in 2018. The fund's first investment was a majority stake in Greenfire Resources, accounting for 30% of its capital. Adam Waterous has taken on the role of executive chairman at Greenfire, alongside his position at Strathcona.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Trading View The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments