His firm closed “a billion-dollar acquisition in a matter of six weeks,” he said.
Teine added Repsol’s Chauvin assets in 2022, bringing low-decline enhanced oil production plus midstream and marketing infrastructure, according to the Insights Institute.
“Energy is a cyclical business, but the real advantage comes from being able to invest through the cycle,” said Bill Rogers, managing director, head of sustainable energies, real assets at CPP Investments.
Teine is now the largest producer in Saskatchewan’s Viking play, which the fund calls one of the lowest-cost oil basins in North America, while its enhanced oil assets add steady cash flow.
Its next leg of growth sits in the Duvernay, a liquids-rich shale play it has built up over nearly a decade through land assembly and staged development, as per the fund.