Adam Waterous

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Last quote by Adam Waterous

The macro theme playing out is the 'Canadianization' of the heavy oil business. These assets tend to be very capital intensive upfront but once they're onstream they have long reserve life and tend to have high free cash flow. From a Canadian investor's perspective, that's really compelling. The market is saying the sun has set on the oil business. I'm willing to bet against that. I find the environment right now to be very compelling. You've got a pessimistic market, you've got low costs in Calgary and you've got new technology being developed.feedback
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Apr 11 2017 Oil
Adam Waterous has most recently been quoted in an article called Waterous PE firm targets Canadian, U.S. energy assets. Adam Waterous said, “The macro theme playing out is the 'Canadianization' of the heavy oil business. These assets tend to be very capital intensive upfront but once they're onstream they have long reserve life and tend to have high free cash flow. From a Canadian investor's perspective, that's really compelling. The market is saying the sun has set on the oil business. I'm willing to bet against that. I find the environment right now to be very compelling. You've got a pessimistic market, you've got low costs in Calgary and you've got new technology being developed.”.
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