Top PickLast stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/rob-lauzon-s-top-picks~2518843
Tidewater Midstream (TWM TSX)
September 2022 $1.25
The current strong commodity price environment, including frac spreads, is a tailwind to Tidewater achieving its growth opportunities. Considerable valuation expansion potential exists for the equity as further reduction in debt levels coincides with achieving targets in executing the Pipestone phase two expansion in addition to its renewable diesel plant. We feel the dividend is safe; the shares currently yield 3.2 per cent each year.
TOP PICK
Tidewater Midstream and Infrastructure Ltd(TWM-T)
11/09/2022 at 08:00pm
It provides energy infrastructure exposure as well as energy transition exposure. It owns Tidewater Renewable which is involved in renewable diesel. It has a valuation of 6X next year's EBITA. so is a bit of a value play. A little more on the risky side but has good upside, maybe 30% next year and a 3% dividend. Buy 9, Hold 0, Sell 0. (Analysts’ price target is $1.81)
Robert Lauzon
$1.260
Owned