Tidewater Midstream and Infrastructure Ltd T.TWM.DB

Near pandemic lows.

[FernandoPessoa]

The stock is approaching pandemic and all time lows. Any plausible and reasonable explanations for the stock's price decline are welcome. This is one of the few stocks in the energy sector, or the Canadian energy sector, which is facing stock price declines that put them near those all time lows, although I have to admit Enerflex's declines in an economy that's become very favourable to the energy sector also leave me puzzled.

[Ogopogo26]

Nothing puzzling, look at their free cash flow and earnings and you know why the share price keeps declining. No comparison at all to other midstream companies, utilities or oil producers in Canada.

[nkbourbaki]

... not to mention that Q2 midstream results will be even weaker due to BRC turnaround, and the various refinancings underway will mean higher interest expense going forward.  My takeaway from the call was that the refinancings will be announced soon. Will be interesting to see how they deal with the $75m in debentures.  They obviously won't roll over anywhere close to current rate

[FernandoPessoa]

One of the reasons Tidewater Midstream first caught my eye was it was a small cap in the Canadian midstream sector with growth prospects. I take it most analysts now believe those growth prospects are snuffed. To its credit, considering the wild ride equity markets have given its peers in the Canadian oil & gas sector, this stock has been relatively stable, albeit it's now caught in a

[wynner]

I still may come back to this one after the summer. AECO at $1 and change is not healthy for companies in the gas industry that can't hedge their prices for cleaning up sour gas and storage etc. 2025 could change all that. I made a killing on PMT a few years ago when gas was cheap and low. I will be looking to repeat that kind of success.