Tidewater Renewables Ltd T.LCFS

What's occurring ?

[wynner]

My thesis is that TWM will have to sell another gas asset to help pay for the merger with LCFS.
Then the focus will be ALL refinery and renewables. SAF will be close behind.
My question is how much per LCFS share?
They own 69% so it is advantageous to keep the price up at the analysts targets.
They are cashed up but not enough.

[Ogopogo26]

What's happening is that you have a company that has fired management without proper communication and hasn't given any operational update in months, that's why the share price keeps sagging. I agree that bringing LCFS back into TWM makes most sense. I don't understand your reasoning though. TWM would in that case want the share price to be as low as possible. Don't think

[wynner]

Reminder. OPERATIONAL UPDATE The HDRD Complex produced its first renewable diesel on October 22 and, as of November 7 , has progressed to commercial operations. The facility is currently producing approximately 1,500 bbl/d of on-spec cold weather diesel and the Corporation is actively working on safely increasing production rates towards the facility's 3,000

[wynner]

They changed the CEO and the director resigned. the appointment of Jeremy Baines as the Chief Executive Officer and to the Boards of both companies, effective immediately. The Board of Tidewater Midstream also announces Aaron Ames as interim Chief Financial Officer for Tidewater Midstream, also effective immediately. Ray Kwan is still CFO at LCFS. That's ok Ogopogo.

[Ogopogo26]

I am long, like you, but be careful trying to spin what has undoubtedly been a shocking decision, into something positive. Poor communication, poor execution on behalf of the BOD and until they rectify this, the stock remains uninvestable. Hopefully March 14 will get a positive update, but be careful trying to catch a falling knife; in my experience adding to losers is generally not a good

[wynner]

"TWM does have an interest to depress the share price so that they can buy out minority shareholders at a cheap price." Ogopogo26 I am careful. I do hold and have bought more today. Maybe I want the price lower too. I don't see any proof in the trade history that TWM is manipulating the price lower. Thats what brokerages do.

[Ogopogo26]

Those are really dated; if you listened to the last earnings call, full capacity was expected within weeks. This has obviously not happened and if you talk to the company about it - which is what I did - there are operational issues. They don't seem to be unsolvable and it's certainly not unusual to see issues in a commissioning phase, but it creates uncertainty and certainly will lead to

[wynner]

Transaction is only a month ago. More spin? "for $650 million (the "Transaction"). The form of consideration will be $325 million in cash and 12,466,437 AltaGas common shares, representing approximately $325 million using an AltaGas common share price of $26.07" I would be interested in what the company said to you about the "

[wynner]

I will study the Transalta re -take offer of Transalta renewables. 18+% premium to the stock price and or Transalta stock. doable?

[Ogopogo26]

I hope not and in what form, shares or cash? I have no experience with squeeze outs in Canada but I believe there needs to be a fair price and majority of minority shareholders agreeing to it. There are some institutional shareholders involved with LCFS and possibly holders at IPO price of $15, so I can't imagine, especially now trading at a $6 handle that this would get done at $8 or so. I

[wynner]

I have "fair value" at $13.66. They have about $10 per share cash and credit available right now. $10 and 4 or 5 TWM shares and we have a decent and profitable deal. They own 70% or so . That would be a boost to the top line for them. The float is about 10 million. Canola prices are at 3 year lows now so either start buying or lose more on the hedging ......again.

[Ogopogo26]

Increasingly trading like a failed company...

[nkbourbaki]

Pretty concerning situation at TWM/TWR, no doubt.  I've yet to experience a situation with so many red flags and a favourable outcome.  Only question at this point is to whether the sh*t is already baked into the price.   Apparently Rob didn't think TWM shares were worth more than $0.98.  I haven't yet contacted IR.   Has anyone here followed up to

[wynner]

Anonymous doing ALL the selling after 3.30.  We NEED some info. - On October 24, 2022 , the Corporation announced the closing of a $150 million five-year senior secured second lien credit facility (the "AIMCo Facility") with an affiliate of Alberta Investment Management Corporation ("AIMCo"). The AIMCo Facility initially bears interest of 6.50