Tidewater Midstream and Infrastructure Ltd T.TWM.DB.A

Red herring.

[wynner]

All this chatter about them losing money .
They lost money on paper because the Canola they bought at a fixed price is now about half that price. They still sell renewable diesel to TWM at a good price. Then to the gas stations.
The hedges come off and then they are off to the races.
Don't even mention the used cooking oil UCO that they will be able to use to make SAF after they build another tower.
Sorry.
Happy New Year.

[wynner]

Consolidated results in the tables above for the nine months ended September 30, 2023, were primarily impacted by:  lower gasoline and diesel sales volume and product margins as a result of the PGR turnaround and lower commodity prices;  higher finance costs due to higher net debt and interest rates;