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Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s):  T.TWM.DB | T.TWM.DB.A | T.TWM.WT | 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

Comment by rustybladeson May 18, 2023 3:00pm
458 Views
Post# 35455094

RE:Teal Linde - BNN -DON'T BUY

RE:Teal Linde - BNN -DON'T BUYI believe the cost over run on the Renewables project is now in the past.

From the earnings news release on May 11, "Construction of Tidewater Renewables' HDRD Complex is scheduled for completion in June 2023, at which point commercial operations will commence and increase into the third quarter of 2023. Tidewater Renewables is forecasting an average utilization rate of 75% to 80% of its design capacity during the second half of 2023."

With commercial operations set to start less than 8 weeks after the news release, I surmise that construction is essentially complete and they are now into commissioning. The only risk now is operational risk and the ramp up to 75% to 80% nameplate capacity over the first six months (Q3 and Q4) of operation does not seem to be an agressive target.
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