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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 May 14, 2021 7:06am
210 Views
Post# 33201790

RE:RE:RE:RE:RE:RE:RE:Good quarter .

RE:RE:RE:RE:RE:RE:RE:Good quarter .Hah, thanks for reading and making it to the end! This has the potential to be the year 2020 should have been, but their eyes always seem bigger than their budgets. I get the feeling their plan with the IPO was to continuously issue equity and grow through acquisition, not this pay down debt through FCF generation. It's not in their blood and, with kind commodity prices and if they can sell this 'green' story the way other stocks have it might work out for them yet.

I don't mind the messaging, calling acid gas injection carbon sequestration is kind of funny, but the food and fryer grease to diesel project isn't my favorite. Low energy density and competition for feedstock make is seem like not the kind of asset that will be running in 30 years. Too much reliance on lcfs credits, but I guess they've got to follow the trends and the money.
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