RE:Alta Gas Propane Deal - Impact?I think this can be a huge positive impact on Tidewater, if we just step back a bit and look at the big picture, one would see Tidewater as a large producer for Alta gas.
For one, Tidewater and Alta gas have relyed on each other as they bought and sold asssets and held Tidewater's security from the sale of these assets. Another, BRC is said to be producing HD2 propane, quality propane that can be exported and , I believe they are still expanding the BRC for greater output. Another point, Edmonton rail facility sounds like it can be a hub to export propane, and in one of their presentation or Q report, they did say they have an export busisness or revenue from this. They never said what or where this export business is? maybe they are referrring to this Alta gas, Ridley Island project? Who knows !
I would like to know how the storage caverns fit into all of this, especially when they're situated in areas of rich gas, Montney, BC and I believe there might be one near the BRC. I would have to read the reports to verify though.
Either way, there are way too many un-known varibles here to play the wait and see game on this stock.