Waterous Energy Fund completes takeover of Osum Oil Sands Corp

Waterous Energy Fund completes takeover of Osum Oil Sands Corp

Private equity firm Waterous Energy Fund succeeded in its bid to take controlling interest in Osum Oil Sands on Wednesday, days after the Canadian oil producer’s board ended its opposition to the deal. Osum had earlier rejected Waterous’ original offer to take over...
How private equity squeezes cash from the dying U.S. coal industry

How private equity squeezes cash from the dying U.S. coal industry

Private equity firms are proving there’s still plenty of profit in the U.S. coal industry despite a decade of falling demand for the fossil fuel. They are spending billions of dollars buying coal-fired plants on the cheap – and getting paid even when they are...