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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

Comment by fauxtomatoon Feb 09, 2022 12:15pm
270 Views
Post# 34412923

RE:RE:RE:Patience isn't being rewarded

RE:RE:RE:Patience isn't being rewarded>> I'm starting to get the impression management might have a different agenda than I do though.

That's exactly how I feel. Management caught lightning in a bottle with their crude by rail start up previously and I don't think the intention was for Tidewater Midstream to be a long lived independent entity. I think they wanted to lock up some assets at the bottom and flip it into a rebounding market, but the downturn in AECO and then COVID made the rebound take longer than they budgeted for and they branched out first to refining then to renewables.

I bought into the idea that they were building something to sell and that process has gotten complicated by their patchwork of assets and locations. I have faith in the strength of the producers in the deep basin and the montney, they will keep the key assets of the BRC and Pipestone operating at an economic level for years to come. When majors start BUYING assets in Canada again that'll be a sign to check out.
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