RE:ST13Sorry this rambling message didn't make sense. My main point was: despite the refinery and the canola to diesel tomfoolery, the TWM that I bought in 2017, at around these prices, is again a viable business. In this environment BRC, Ram, Acheson have tremendous value, more than their current EBITDA or the EV of TWM show. With very little capex the ROIC from these assets can return TWM to the trajectory I thought I was buying into way back when. With increasing retained cashflow they can grow their base business and it won't all be green smoke and mirrors.
That's my enthusisasm talking, but I'm happy holding a 'go it alone' TWM through thick and thin instead of hoping for a payout being just around the corner. Easy to say at $1.40, harder to buy into at $0.40.