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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 goodbuddyon Mar 24, 2021 10:36am
130 Views
Post# 32865948

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Undisclosed Divestment

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Undisclosed DivestmentI wish they was more of a breakdown with these contractual obligation and commiments. For a small company, these number are high.

The Corporation had the following contractual obligations and commitments, including those recognized as leases, as at December 31, 2020: (in thousands of Canadian dollars) Within one year After one year but not more than five years More than five years
Total Lease liabilities $ 51,576 $ 97,726 $ 94,883 $ 244,185
Bank debt (1) - 664,587 - 664,587
Notes payable interest (2) 8,437 8,437 - 16,874
Notes payable repayment (2) - 125,000 - 125,000
Convertible debentures interest (3) 4,125 12,737 - 16,862
Convertible debentures repayment (3) - 75,000 - 75,000
Firm transportation contracts (4) 41,183 175,198 278,265 494,646
Total $ 105,321 $ 1,158,685 $ 373,148 $ 1,637,154
(1)The Corporation’s Senior Credit Facility is due August 23, 2022.The Second Lien Term Loan is due October 31, 2022.
(2) Fixed interest payments on notes payable. The notes payable mature on December 19, 2022. (3) Fixed interest payments on convertible debentures. The convertible debentures mature on September 30, 2024.
(4) Fixed transportation contracts are presented gross of flow-through operating cost recoveries from customers.
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