Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Report on Business

Streetwise

Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Waterous fund acquires two-thirds of Northern Blizzard Resources Add to ...

Subscribers Only

A fund founded by Adam Waterous, the former Bank of Nova Scotia investment banker, has acquired two-thirds of Northern Blizzard Resources Inc. for $244-million, putting more Canadian oil assets back in domestic hands.

Waterous Energy Fund said it bought the shares from a pair of U.S. private-equity firms, Riverstone Holdings LLC and NGP Capital Management LLC, for $3.60 apiece, marking the fund’s second investment since its founding earlier this year.

Report Typo/Error

Follow on Twitter: @the_Jeff_Jones

 

More Related to this Story

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular