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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 Mar 15, 2021 8:02am
140 Views
Post# 32796928

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News sum ary

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News sum aryWell, strike that:

Highwood Oil Company Ltd. is a public company, of which Tidewater’s Chief Executive Officer, Joel Macleod, is a controlling shareholder. The related party transactions with Highwood Oil Company Ltd. consist of gas processing fee revenue, retail propane sales, trucking revenue and commodity purchases. As at March 10, 2021, the accounts receivable balance was $138.

...but the failed ipo of Fireweed and the failure of HOCL to this point don't paint a picture of management aligned with shareholders. You've got to rely on the Birch Hill guys having some insider knowledge and not jumping ship.
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