Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s): T.TWM.DB | T.TWM.W | TWMIF

Energy Oil & Gas Midstream

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.

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Tidewater Midstream and Infrastructure Ltd > TD Capital + West Face + Enterprise

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Comment by wynneron Mar 09, 2024 6:48pm

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Post# 35924792

RE:RE:TD Capital + West Face + Enterprise

wynner wrote: Facinating for sure.

I am begining to think that buying a refinery out of bancruptcy was THE reason the exec's left.
I will find out soon I have no doubt. $200 million is not something a guy has sitting around the house.

G&M

At the time, IEC owed and guaranteed a total of $202-million to Cortland and was the largest borrower in its flagship fund. Cortland has since worked with a court-appointed monitor to find a buyer for the company, but the sale process was complicated because the only two bids submitted were not sufficient to repay Cortland, according to court filings.

After weighing the options, late in February Cortland and the monitor submitted plans to sell IEC to a numbered company, 2580597 Alberta Ltd., run by energy executive Joel MacLeod. According to the formal agreement, Cortland’s debt, now totalling $229-million, will roll over to the new owner.