Stock poised to move....Tidewater is a midstream company that also owns a refinerey in Northern BC. They are posied to do very well once the Pipeline to Kitimat gets completed in about 2 yrs as their assets will get much busier as volumes go up. Stock should be in $2 to $3 range today but management got way too aggressive with growth and forgot to take care of shareholders first. An institution now has a large stake with people on the board and making sure they now take care of shareholders. Company is on a path of using the increasing cash flow to reduce debt and likley raise the dividend. Once balance sheet gets fixed up a bit and investors get more confident with the cash flow the stock should only go higher. If you can wait 2 yrs I see this at $5 as their assets go up in value once the pipeline gets completed.
Financials come out tomorrow and don't expect anything amazing but I do see the stock has the potential to break out and make a decent move up. Yes, I am long and yes I am buying more...