Tidewater Midstream and Infrastructure Ltd T.TWM

Aug 11 - report for the 'niche energy infrastructure' TWM

[2021Gamble]

Credit Suisse Says Tidewater's Stock Offers Compelling Risk-Reward Relationship

 

22 Jul 202210:31 ET

 

10:31 AM EDT, 07/22/2022 (MT Newswires) -- Credit Suisse said Friday that Tidewater Midstream and Infrastructure Ltd. (TWM.TO) trades at a discounted valuation partly due to its unique asset base (midstream and refinery exposure) and its small-cap status.

Given the unique niche regional exposure along with the structural reality of the renewable fuels business, Credit Suisse believes the stock offers a compelling risk-reward relationship, combined with additional growth potential in the basin.

Credit Suisse said Tidewater continues to successfully surface value from the portfolio, albeit some of this dynamic is not reflected in the current market value for the stock.

Tidewater offers Western Canadian niche energy infrastructure exposure at an attractive discounted valuation - especially on a net asset value basis along with a stub view given the ownership position in Tidewater Renewables Ltd., Credit Suisse said.

Credit Suisse forecast Tidewater's second-quarter EBITDA at $55 million. The company will report its second-quarter results on Aug. 11.

[firstworld]

Welfare supported company with zero free market worth. Swiss love welfare companies

[downwithdotcom1]

hmmm..who to believe CREDIT SUISSE with facts and figures to back up their THESIS or some WH@CK JOB named '1st WORLD" posting d#mb- a$$ comments?? dwdc

[downwithdotcom1]

TWM crushed CS's forcast - as per tonite's Q2 update, actual EBITDA will be closer to $70 mill..in addition their majority owned RENEWABLES will also be reporting better than expected results...see below the Credit Suisse upgrade only a few days ago...dwdc "Credit Suisse forecast Tidewater's second-quarter EBITDA at $55 million. The company will report its second-quarter

[fauxtomato]

I'd caution against reading too much into headline EBITDA numbers with TWM. The numbers that matter are DCF/share compared to growth capex, and how that translates into net debt reduction. Their EBITDA numbers exclude operating cash costs due to IFRS allowing the 'lease expenses' to be absent from the calculation. For TWM that inclues pipeline tolls and railcar leases, huge EBITDA