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Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s):  TWMIF | T.TWM.DB.A

Tidewater Midstream and Infrastructure Ltd. is a diversified midstream and infrastructure company with an integrated value chain across North American natural gas, natural gas liquids (NGLs), crude oil, refined product, and renewable energy markets. The Company's operations include downstream facilities, natural gas processing facilities, NGLs infrastructure, pipelines, storage, and various renewable initiatives. It also markets crude, refined products, natural gas, NGLs and renewable products and services to customers across North America. Its key midstream assets include the Brazeau River Complex and Fractionation Facility (BRC), a full-service natural gas and NGL processing facility with natural gas storage pools, and the Ram River Gas Plant, a sour natural gas processing facility with sulfur handling solutions and rail connections. Its key downstream asset is the Prince George Refinery (PGR), the sole light oil refinery within the interior British Columbia market.


TSX:TWM - Post by User

Comment by goodbuddyon Jan 05, 2018 2:30pm
203 Views
Post# 27292269

RE:RE:RE:November ST13 is out

RE:RE:RE:November ST13 is outSometimes getting licenses changed can take awhile to happen.
eg. landowner disputes and maybe a regulatory issue or just something of a  minor touch.


fauxtomato wrote: The Husky acquisition is appearing with TWM as the licnesee in the ST13 now, as that acquisition closed at the very end of December:

Husky Strachan 4-2 (Ram River)
Marathon Strachan 3-6 (Deanne)
Husky Oil Operations Gs (Blackstone)

2018 EBITDA should compare favorably y/y throughout the year, while DCF and EPS may struggle due to interest and maintenance capex. At least TWM is now fully funded for the two major growth projects. Will be interesting to see if management limits their focus to that or if any additional opportunities will arise: junior gas weighted producers will be suffering for cash if these AECO prices persist. 

I purchased a large amount of KEY after their share sale in December and the ensuing price weakness with the funds I got from selling a large portion of my TWM (at prices between 1.45 and 1.61) May look to rotate back to TWM if the opportunity presents itself. Will need to watch where gas producers are drilling, medium to long term I think someone will buy TWM.


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