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Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s):  T.TWM.DB | 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 midstream assets include the Brazeau River Complex and Fractionation Facility (BRC), a full-service natural gas and NGL processing facility with natural gas storage pools, and the Ram River Gas Plant, a sour natural gas processing facility with sulphur handling solutions and rail connections. The Company also markets crude, refined products, natural gas, natural gas liquids and renewable products and services to customers across North America.


TSX:TWM - Post by User

Post by TVRon Aug 06, 2021 11:37am
224 Views
Post# 33663401

Q2 Results Conference Call

Q2 Results Conference CallListened in to the Q2 results conference call yesterday.  No information or insights in the presentation that were not in the press release.  Only one analyst (Robert Quan/RBC) asked questions.  The usual question on whether Pipestone will be expanded and the answer was essentially the probability is now greater than 50% there will be an expansion.  Asked about likelihood of contingent payouts to Husky/Cenovus from PGR and answer was TWM do not think there will be any contingent payout liability.

No other analyst questions - probably due to the Renewables IPO process and analysts being restricted from comenting while their firms are involved in the IPO marketing.  Joel did say they have good institutional support for the IPO and "expect it to be completed" in August.  All in all, a very short Q2 call (only 16 minutes!).
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