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Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s):  TWMIF | T.TWM.DB.A

Energy Oil & Gas Midstream
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

Tidewater Midstream and Infrastructure Ltd > Undisclosed Divestment
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Comment by firstworldon Mar 25, 2021 10:02am
148 Views
Post# 32874525

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

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.


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