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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

Post by fauxtomatoon Jan 05, 2022 10:39am
375 Views
Post# 34284990

January presentation

January presentationhttps://www.tidewatermidstream.com/documents/258/TWM_Investor_Presentation_-_January_2022.pdf

https://tidewater-renewables.com/media/documents/2022.01_TWR_Investor_Presentation_v2022.01.01.pdf

More detail on the LCFS side, that's clearly the focus now. Consolidated debt at TWM went up and it's not all attributable to LCFS. Might get some clarity when they reach a feedstock agreement: maybe the project derisks through a partnership. 

The old gas processing business should be doing ok in this environment: high production, wide frac spreads, but it can't compete for their attention with the government subsidized renewables business. TWM's LCFS holdings are worth ~$1/share. This story has gone from bizarre to surreal.

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