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 > TWM.DB

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Post by fauxtomatoon Jun 11, 2021 1:42pm

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Post# 33373156

TWM.DB

Seems insane to me, but the convertibles are trading above par at 106. They convert at 1.86 and pay 5.5%. Why would they be bid up? I can understand looking for yield and obviously understand the case for owning TWM, but the convertibles seem like the worst combination of both of those things?

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