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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 fauxtomatoon Nov 19, 2020 8:13am
177 Views
Post# 31929288

RE:RE:RE:Q3 transcript

RE:RE:RE:Q3 transcriptThe deferred maintenance was picked up in Q3 from Q2, it's more a COVID related decision than an engineering one. They're not too far off from beginning to think about the next PGR turnaround though.

Short term the best thing I can do for the shareprice is sell off working interest in contract assets (Pipestone gas plant) but longer term they're probably best off maintaining interest. The pause in drilling activity at Pipestone could play into their favor as it allows them time to reload the balance sheet and start thinking about phase 2 in 2-3 years.

Looking at the growth trajectory of Kelt and Pipestone the region will be short of processing capacity, even with Wapiti phase 2, in the 2023-2025 area, about the same time LNG Canada could begin pulling gas west.
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