Tidewater Midstream and Infrastructure Ltd T.TWM

Teal Linde - BNN -DON'T BUY

[Possibleidiot01]

DON'T BUY

Tidewater Midstream and Infrastructure Ltd(TWM-T)

15/05/2023

 

 

He sold their holdings in January after the CEO left abruptly in December. They are experiencing cost over-runs on a big project.

wholesale distributors

 

$0.890

Not owned

[rustyblades]

I believe the cost over run on the Renewables project is now in the past. From the earnings news release on May 11, "Construction of Tidewater Renewables' HDRD Complex is scheduled for completion in June 2023, at which point commercial operations will commence and increase into the third quarter of 2023. Tidewater Renewables is forecasting an average utilization rate of 75% to 80% of its

[Mephistopheles3]

I would agree - have to take everything these portfolio managers say with a grain of salt. Some of them cover 100+ stocks and don't actually read the reports or news releases or listen to the conference calls.  The cost overruns were largely priced in already when the 2022 statements were issued. TWM is trading at a basement low price - but they need a catalyst to get it going.