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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 TVRon Dec 22, 2023 8:18pm
104 Views
Post# 35798752

RE:RE:RE:Where is our December Quarterly Dividend?

RE:RE:RE:Where is our December Quarterly Dividend?Eliminating the dividend is probably not a smart move by management.  Will not be surprised if selling by shareholders who dump the shares when the market reopens after Christmas holiday because of the dividend cut overwhelms the very positive news from the Pipestone sale. Talk about shooting yourself in the foot. However, if the share price tanks they can do buybacks at a lower price. I expect there will be a lot of sellers and I may well be one of them. My TWM shares are in my dividend  income portfolio and will have to be replaced by something that delivers income.  By the time the market reopens on Wednesday I will likely have figured out what I want to replace them with!
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