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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 AlwaysLong683on Mar 14, 2023 12:03am
400 Views
Post# 35336659

RE:RE:New CEO first comments...

RE:RE:New CEO first comments...Robert Colcleugh is a Director at both TWM who was appointed as interim CEO which means TWM did not have a new successor groomed and ready to take the reigns, so I assume an executive search will be conducted to find a new CEO , or perhaps the interim tag will be removed from Colcleugh's job title if the BOD feels he is doing a good job (provided he wants to continue as CEO at that time). Bad time to be selling assets in my opinion. TRP and AQN are also planning asset sales and/or partnerships and likely  have already started the process, and they are much bigger entities than TWM, (for example, TRP states it may sell up to $5B in assets), so I'm wondering what kind of price other entities will offer for TWM's assets available for sale....?

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