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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 Jan 13, 2021 10:54am
245 Views
Post# 32284531

RE:RE:Updated presentation

RE:RE:Updated presentation
Generating $100 million annualized EBITDA at these spreads?


I'd wager slightly higher due to the improved processing volumes. Q3 2020 was up to 11.8 Mbbl/d of crude, compared to 11.1 Mbbl/d in Q1 with gasoline + diesel production at 87%.

I'm cautioned by two things:

1. The last I felt good about PGR was excactly 11 months ago in similar situations
2. firstworld's sage and coke fueled warnings that this company is run by high school dropouts that barely achieved their CDL accredation in a province funded by dog farming and shipbreaking, in addition to the money stolen from ma & pa.

The rise in the crude price and future strip may erase some of the hedging losses, maybe a good DCF print in Q1? 
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