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Tidewater Midstream and Infrastructure Ltd T.TWM

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

Energy Oil & Gas Midstream
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

Tidewater Midstream and Infrastructure Ltd
Bullboard Posts
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(22)
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Comment by robbie88on Mar 25, 2020 2:22pm
139 Views
Post# 30846478

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Liquidity

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LiquidityWholesale price in Prince George is based on wholesale price in Edmonton plus 10cents per litre. If refineries in Edmonton have ZERO EDIBTA, PGR can still generate some cash flow. At current price environment, PGR crack spread is around $40 per barrel. As TWM has 90% or 11000 per barrel/day offtake agreement with Husky, PGR doesn't have any problem with selling refined products.    
I think TWM need keep dividend as it only accounts for 20% or less cash flow and it gives confidence for shareholders. Also Joel bought money to invest in TWM and he need dividend to pay interest.
Good thing is TWM doesn't have any project need big money. Budget for PGR online maitenance is around $2M. No doubt TWM still makes good money and generates meaningful cash flow to pay down debt.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities
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