RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Undisclosed DivestmentCash purchases of entire NGL fleet with minor surge rental backfills.
goodbuddy wrote: I'm getting a feeling that some trucks and trailers were leased. After viewing past finacials, Tidewater has mentioned that midstream leases specifically transportion of crude oil and NGL's are reported under the midstream assets. These assets are probably buried under the "RIGHT OF USE ASSETS". When you review previous financials, the right of use kiabilities have risen substantially in the last few years.
This will explain why the sale of Mach showed 6.9 million gross profit, Firstworld idea of 50 million in trucks and trailers would be in the right of use asset as they are probably leased.