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Bullboard - Stock Discussion Forum Tidewater Midstream and Infrastructure Ltd T.TWM.DB


Primary Symbol: T.TWM Alternate Symbol(s):  T.TWM.W | TWMIF

Tidewater Midstream and Infrastructure Ltd. is a diversified energy infrastructure company that is focused on natural gas processing, fractionation, liquids upgrading, storage and transportation, and marketing. The Company’s operations include downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage, and various renewable initiatives. Its... see more

Bullboard (TSX:TWM)

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Comment by Tyee1989on Dec 22, 2023 9:38pm

RE:RE:RE:RE:RE:RE:Where is our December Quarterly Dividend?

Typically volume goes up fifty percent or more on small caps when the company is doing a share buy back as they are adding to that volume. I would guess they'd get back 30 mill or so in 2024. IMO
Comment by TVRon Dec 22, 2023 9:37pm

RE:RE:RE:RE:RE:RE:Where is our December Quarterly Dividend?

The interest saving alone from paying down $650 million of TWM or Renewbles debt will be something in the order of $40 million plus which would cover 2 years worth of NCB  repurchases. They do ...more  
Comment by Ogopogo26on Dec 22, 2023 9:16pm

RE:RE:RE:RE:RE:Where is our December Quarterly Dividend?

They could have done the NCIB without the dividend cut, they have ample liquidity now. In addition they are limited to 25% of the average daily float, so about 100,000 shares per day based on recent ...more  
Comment by Tyee1989on Dec 22, 2023 9:08pm

RE:RE:RE:RE:Where is our December Quarterly Dividend?

Usually when people sell due to dividend cuts it's because the company is having significant financial trouble. In this case management is trying to take advantage of a stock price  that is ...more  
Comment by TVRon Dec 22, 2023 8:18pm

RE:RE:RE:Where is our December Quarterly Dividend?

Eliminating the dividend is probably not a smart move by management.  Will not be surprised if selling by shareholders who dump the shares when the market reopens after Christmas holiday because ...more  
Comment by NewOpportuniston Dec 22, 2023 7:50pm

RE:Where is our December Quarterly Dividend?

I agree with the comments, the dividend does not matter in the overall scheme of things as from here on TWM and LCFS are all about free cash flow, but at the same time it will lead to a rotation of ...more  
Comment by Tyee1989on Dec 22, 2023 7:12pm

RE:RE:RE:Where is our December Quarterly Dividend?

It's not that TWM cannot afford to the pay the dividend. The shares are Less than half of what they should be at so management is going to take advantage of that by buying back shares at an ...more  
Comment by Mephistopheles3on Dec 22, 2023 6:07pm

RE:RE:RE:Where is our December Quarterly Dividend?

I'm not sure on this one - I don't really personally care about the dividend as I believe in the growth and free cash flow, but investors typically are not fans of divvy cuts, regardless of ...more  
Comment by pierrelebelon Dec 22, 2023 5:56pm

RE:RE:Where is our December Quarterly Dividend?

The decision to "suspend" the quarterly $0.01 dividend makes little sense. TWM will receive about $15 million in dividends from the new shares from Altagas and it only cost about $17 ...more  
Comment by wynneron Dec 22, 2023 5:03pm

RE:Intention to Repurchase Common Shares and Dividend Update

Throw some money at LCFS too. The shorts have left already.
Post by Betteryear2on Dec 22, 2023 4:45pm

Intention to Repurchase Common Shares and Dividend Update

Tidewater's Board of Directors ("Board") has authorized the application to the TSX to institute a normal course issuer bid ("NCIB") which will establish the ability to ...more  
Post by Betteryear2on Dec 22, 2023 4:42pm

CLOSING OF ITS PIPESTONE AND DIMSDALE ASSET SALE

CALGARY, AB, Dec. 22, 2023 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce the closing of ...more  
Comment by pierrelebelon Dec 22, 2023 4:41pm

RE:Where is our December Quarterly Dividend?

The answer came in quickly! "Concurrent with the approval of the NCIB, the Board has elected to suspend its quarterly dividend of $.01 per Common Share to help fund the NCIB while enhancing the ...more  
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