Waterous Energy Fund

About Waterous Energy Fund

Waterous Energy Fund (WEF), founded in 2017, is a Calgary-based private equity firm focused on value-based investments in the Canadian oil and gas sector. Unlike traditional growth-equity approaches, WEF targets established businesses with high-quality assets to build a concentrated portfolio of scaled, durable companies, aiming to compound long-term intrinsic value per share while maintaining a margin of safety.

Products & Services

Strathcona Resources:A fast-growing North American oil and gas producer focused on thermal oil, enhanced oil recovery, and liquids-rich natural gas, built through consolidation and development of long-life assets. WEF invested approximately C$2 billion in equity between 2017 and 2023 through 10 major acquisitions.

Greenfire Resources:A junior oil sands producer in Alberta's Athabasca region, developing long-life, low-decline thermal oil assets with significant infrastructure to drive capital-efficient production growth. Listed on the New York and Toronto Stock Exchanges under 'GFR'.

Specialties

Value-based investment strategy Consolidation of high-quality oil and gas assets Long-term intrinsic value compounding Margin of safety in investments Canadian oil sands development

Funding History

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#	Type	Amount Fields	Date Fields	Investors
1	RT: Private Equity T: - FT: Private Equity	A: 1000000000 MR: - FA: C$1.4 billion FAN: 1000000000	D: 2025-03-31 FD: 2025-03-31	-

Private Equity Latest

2025-03-31

$1.0B

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

A

Adam Waterous

MANAGING PARTNER & CHIEF EXECUTIVE OFFICER

C

Connor Waterous

Managing Director

H

Henry Hager

Managing Director

D

David Roosth

Managing Director

R

Riley Waterous

Principal

L

Liam Waterous

Associate

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