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

Bullboard Posts

Comment by robbie88on Aug 14, 2020 10:42pm

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Post# 31411596

RE:RE:RE:RE:RE:Conference call discussion concerning bumping up divy

2nd lien debt can only be repaid by equity ffinancing unless the lender agrees to modify the terms.

At 2020Q2, total debt was around $880M and total interest was around $11M. Interest rate is around 5%. I think TWM probably will use the proceed to repay 6.75% notes and buy back 5.5% TWM.DB at discount.

TWM probably has the lowest payout ratio in TSX for midstream companies. Q2 normally has the lowest cash flow. Estimated payout ratio is 25% or less in 2020.

Bullboard Posts

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