Independent evaluation. Defensible decisions.

An independent evaluation desk for Canadian upstream operators. Every opportunity converted onto your assumptions. The portfolio maintained monthly. Backed by ReservoirIQ, our bottom-up valuation infrastructure. We take ideas to free cash flow.

Bottom-up evaluation, decision-grade DCF
Continuously maintained, current at FID
Carried from Development to free cash flow
Industrial operations control room
What we deliver

Field results. Board-ready cases.

Digital operating model advisory

Operating cadence, KPIs, and frontline workflows and contractor levers for measurable performance.

Capital decisions & project development

Investment cases, portfolio prioritization, and decision-ready project approvals.

Governance frameworks

Gate decision framing, clarified & scalable expectations, and review discipline that speed decisions without adding layers.

Outcomes that matter

5-15% performance gains, faster approvals, lower execution risk. Outcomes vary by client and engagement.

Our services

From evaluation to free cash flow.

image of classroom lecture on ai for an ai education tech company

An independent evaluation desk for Canadian upstream

Organizations send us opportunities that lands on their desks: acquisitions, JV proposals, partner farmouts, internal divestments, organic development, greenfield candidates. We standardize each one onto their price deck and methodology, maintain the running portfolio monthly, and deliver decision-ready answers without your team standing up an integrated evaluation function.

Initial onboarding and monthly portfolio maintenance

Scenarios on demand for investment committee and sanction

Digital operating model

Operating cadence, KPIs, workflows. Rapid value delivery for field teams and leadership.

Control Tower / KPIs icon

3rd Party Services Reset

90-Day Value Sprint icon

AI Safety & Telematics Implementation

AI Safety and Telematics icon

Control Tower/KPIs

90-Day Value Sprint

3rd Party Services Reset icon
image of innovative data solutions [digital project]

Governance frameworks

Governance that accelerates decisions instead of slowing them down—clear roles, disciplined cadence, and board-ready transparency.

Operational Performance Governance icon

Operational Performance Governance. Cadence, KPIs, and decision rights for day-to-day execution.

Project and Capital Execution Governance icon

Project & Capital Execution Governance. Stage-gate discipline approval to delivery.

Process control instrumentation in industrial operations

Outcomes that drive real results

Cost reduction

Operating cost program

$150M+

Sustained operating savings delivered through fuel and lubricants program redesign in a ~$1.2B Opex environment

Asset utilization

Mobile fleet

30% → 80%+

Mobile fleet utilization improvement through operating cadence and contractor reset

Safety

Infractions reduction

↓70%

Observed safety infractions cut through AI-enabled monitoring and frontline cadence

Operating scale

P&L responsibility

$1.5B+

Operating leadership of $1.5B+ environments brought into client engagements

Team depth

Operations led

300+

Frontline and operations organizations led at scale, end to end

Capital approvals

Decision throughput

↓40%

2 years faster from Gate 0 to Gate 4 for 5 year estimate on stage-gated capital project through clearer roles, decision framing, evidence, and cadence

Representative outcomes from prior operating leadership and advisory engagements brought into Cervus' practice. Results vary by scope and starting conditions.
Trusted by industry leaders
Independent advisory for asset-intensive leaders

Opportunities accumulate faster than your team can convert them.

We help you improve cost, uptime, and safety with digital operating models and board-ready capital cases.

Latest insights

Practical ideas. Real-world results.

Contact

Connect with an advisor

Get in touch for a direct response.

Thank you—your message has been sent.
[background image] image of office space (for a pr firm)
Submission failed. Please complete all fields.