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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

Comment by Ogopogo26on Nov 16, 2023 2:05pm
116 Views
Post# 35739676

RE:Some bullish comments here

RE:Some bullish comments here

Shares are trading below IPO, prior management has destroyed all goodwill by pursuing a debt financed empire building strategy, focusing on EBITDA growth rather than DCF growth. 


Credit to the new management for finishing the refinery turnaround, finishing the renewable diesel project and getting the Altagas deal this year.

However the Altagas deal hasn't even closed and the renewable diesel facility is only gradually ramping up to full capacity. This is a show me story, until we see any of this in a marked and promised improvement in DCF, share price is unlikely to move.

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