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 > Renewables IPO Timing - August + $585 million to TWM

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Comment by fauxtomatoon Jul 25, 2021 11:59am

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Post# 33601970

RE:RE:RE:RE:Renewables IPO Timing - August + $585 million to TWM

One final though: the EBITDA will be affected by IFRS 16 which allows the right of use assets (the rail car leases) not to be counted as an expense.

Something about it feels like a dodgy use of accounting and 'what's trendy right now?' IPO to fund a project still years off, and that the IPO might not fully fund. Should sell, but I'm curious what happens, too.

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