Waterous Energy Fund
Private equityCalgary · Growth–Late Stage · 8 people tracked
Also known as WATEROUS ENERGY FUND MANAGEMENT (US), LLC · WATEROUS ENERGY FUND MANAGEMENT CORP. (ALBERTA)
Investment thesis
WEF pursues a value-based investment strategy in the Canadian oil and gas sector rather than the traditional growth-equity approach. It acquires established, high-quality, geographically concentrated sub-scale assets and combines them into large, durable businesses, favoring a concentrated portfolio of scaled companies over many smaller ones. The strategy follows three principles: compounding long-term intrinsic value per share by maximizing net asset value and operating return on equity, maintaining a margin of safety through low-breakeven, long-reserve-life assets with established production histories, and consolidating core areas by building a beachhead and acquiring surrounding assets to cut costs and improve cost of capital.
Source: firm website, verified Aug 25, 2026.
Team · 8 people
from the firm's website
What they invest in
from 1 of 2 portfolio companiesEnergy ×1
HQs:Canada×1
Investments · 2 tracked
founders shown can be your intro pathGreenfire is an oil sands producer developing long-life, low-decline thermal oil assets using steam-assisted gravity drainage (SAGD) in the Athabasca region of Alberta, Canada.
Energy
One of North America's fastest growing pure-play heavy oil producers focused on thermal oil and enhanced oil recovery; listed on the TSX (SCR).
Exits · 2
IPOs and acquisitions across the tracked portfolioGreenfire ResourcesNYSE: GFRStrathcona ResourcesOTC: STHRF
Frequently asked questions
- What stage does Waterous Energy Fund invest at?
- Waterous Energy Fund invests at the Growth, Late Stage stages.
- What sectors does Waterous Energy Fund focus on?
- Waterous Energy Fund focuses on Energy.
- Where is Waterous Energy Fund located?
- Waterous Energy Fund is headquartered in Calgary, CA.
Media · Podcasts & interviews
featuring the teamInvestor Insights Ep12: Henry Hager, Waterous Energy Fund
Energy Council · Henry Hager
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