Tidewater Midstream and Infrastructure Ltd T.TWM

EOR

[fauxtomato]

Tidewater Renewables, trucking produced water to reinject. $5/share please like, share, and be sure to click the bell icon:

Tidewater acquired the Valhalla Halfway C asset and has recently re-activated the ER scheme through application 19707447 and Approval No. 12729A. However, due to budgetary reasons, Tidewater rescinded wells 00/08-05-075-08W6/0 and 02/14-08-075-08W6/0 from the list of approved injectors on April 4, 2019 (Approval 12729A). Tidewater is now in a position commence injection into these wells and is therefore, re-applying to have them included in the subject approval. As of October 2020, previously approved injection well 00/16-05-075-08W6/00 (16-05) has cumulatively injected 50.0 e3m3 of water into Approval No. 12729A boundaries

https://dds.aer.ca/iar_query/ApplicationAttachments.aspx?AppNumber=1931848

[AntoninScalia]

Explain this to me like I'm 5 years old?

[fauxtomato]

From the AER application it appears TWM is proposing to repressurize a depleted oil field, around the Valhalla assets acquired from Husky by injecting trucked in produced water from other producers. Just a strange wrinkle for a company that claims to be focused on contracted infrastructure. Maybe it's a service provided to producers in the Montney to dispose of produced water, maybe it's

[firstworld]

Desperate for cash on the brink of collapse. 98% of the second to fourth worlds have lost of assets to develop and no cash LOL this is the furthest you can get from enviable position even when propped up on truck loads of welfare dollars. A material shift from midstream to producer is a massive red flag because that never happens and makes no sense when midstream is the investmend grade play when

[fauxtomato]

To be fair the NG storage assets around BRC were classified as EOR as they were acquired from the wreckage of Blaze and Wild Rose. I don't think this is TWMs desperate gamble to stave off collapse by producing mana from the depths of Valhalla. Just an interesting insight into the minutiae. I see it as more of a disposal of produced water as a service than as a means of producing oil for

[valuguy]

No way that Tidewater survives 2022 intact.Its days are numbered.

[Wordless1]

I agree it's days are numbered. I'm thinking Birchill takes it private in 2022-ish. Probably around $2.50 or so?  What are your thougts?

[firstworld]

They need to clean c suite out. Great people working there can't make an decisions without c approval and we all know C are just trade school grads whose employees are exponentially better qualified and experienced. Micromanagement always leads to failure even in small companies simply because the combined talents and judgment of the people are the company.

[valuguy]

WTI crude will peak this summer @ $60-63.If Trdewater hasnt respoded to the rally in crude by then,it should be a wake up call.

[goodbuddy]

If I recsll, this Valhalla asset TWM bought from Husky is a dud of an asset. I believe Husky had given up most of the sub surface rights in this field. So the porenial for this asset to grow is limited, I understand why they might be undertaken water disposal here, tryiong to generate some Irr here where it is possible losing money. Water injection can be profitable in some cases, but you would

[goodbuddy]

I kinda view this strategy as a Dog chasing its tail.

[firstworld]

Probably getting paid to take the water from nearby at half price of treatment facility...no better way to get rid of toxic water than inject it into wells pretending can get some production. Most companies have ethical and legal boundaries to this practice and the sooner Canada criminalializes with min incarceration time the faster global money comes back because no one wants to be associated