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.

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Tidewater Midstream and Infrastructure Ltd

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Comment by valuguyon Aug 15, 2020 1:46pm

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Post# 31412883

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

Thanks for the summary esp.typing out all those characters! So,TWM takes out the 6.75% notes.The question then is:What do you with the extra $2.11 million of cash flow you now have each quarter..Plus,you will have about $9 million left over from the sale..It's a nice problem to have.I sure hope they don't waste the money buying back shares.More than likely,the Board has made a decision as Joel referenced.He said they discussed the dividend(in the context of the Pioneer Pipe cash payment) I am expecting a "marginal" quarterly dividend increase to 1.25 cents at most.

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