Tidewater Midstream and Infrastructure Ltd T.TWM

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

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

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Comment by robbie88on Jul 09, 2020 1:36pm

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Post# 31246433

RE:Q2/Q3 estimates

During the annual meeting several days ago, Joel seemed very optimistic and reiterated 2020 guidance of EBIDTA and debt to adjusted EBITDA. TWM has pretty good records of keeping promises except the previous estimate of EBITDA due to COVID19.
Assume 2020 TWM EBIDTA would be $180M, total debt would be 3.5 times or $630M. At the end of 2019, total debt was $850M, minus $140M from sale of pioneer pipeline, TWM shall generate cash flow over $80M, still achievable if TWM can reduce some inventory.
Anyhow, if TWM can reach its guidance, TWM probably the most undervalued stock in TSX.

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