RE:Midstream Comments G&MFound this snippet from the Canaccord report quoted in the G&M. The debt numbers seem elevated to me given the $180M cash proceeds from the LCFS sale should take them below $600M in debt this quarter. At least at the TWM level.
I should have expected this, but after an insane transaction that completely reshapes the company's balance sheet, sanctioning a project that generates material additional cashflow, and creating a new currency out of nowhere to fund additional growth, the share price of TWM is about where it's been since 2015.