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Bullboard - Stock Discussion Forum 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... see more

TSX:TWM - Post Discussion

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Post by faraway1 on Dec 01, 2022 9:55am

MANAGEMENT CHANGES

Perhaps I am over reacting but these management changes need further explanation.

The resignation of Joel MacLeod to "persue other interests" just does not cut it for me. Perhaps I am wrong, but wasn't he the driving force behind the company and also a relatively large shareholder?

In view of the sudden and unexpected resignation, I can't heip but worry about fraud or some other major negative issue.

I am long and could buy more but but will not do so until until we have greater clarification.
Comment by wynner on Dec 01, 2022 2:24pm
Yahoo MACLEOD (JOEL A) Director of Issuer Acquisition or disposition under a purchase/ownership plan Sep 28, 2022 1,864,888
Comment by wynner on Dec 01, 2022 2:30pm
LCFS Yahoo Individual or Entity Most Recent Transaction Date Shares Owned as of Transaction Date *Insider roster data is derived solely from the last 24 months of Form 3 & Form 4 SEC filings. CHERVENKOV (KRASEN) Senior Officer of Issuer Acquisition or disposition under a purchase/ownership ...more  
Comment by SmilingDog on Dec 01, 2022 5:23pm
If there was fraud or something material to report the company would have been obligated to announce it immediately. Or at least halt the stock. So that is definitely not the case. TWM and LCFS are both at the bottom end of their peer group on valuation. From what I understand, TWM investors have been very frustrated over recent years. I think Joel had his chance, and the board decided to move on. ...more  
Comment by faraway1 on Dec 01, 2022 7:39pm
Thanks for your comments. Cannot argue with your reasoning but still don't have the courage to put in a blue ticket,
Comment by FatherJack on Dec 02, 2022 6:23pm
MacLeod was one of the main reasons I bought TWM so this is real bad news to me.  I'm not selling but I have stopped buying on the dips. But I still think there is great potential.