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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 Mephistopheles3on Sep 01, 2023 4:46pm
188 Views
Post# 35616801

RE:Altagas holdings

RE:Altagas holdingsThey just spun off LCFS not that long ago and if you look in their comments on the calls, they are looking at divesting LCFS to get  below a 50% holding and thus not having to consolidate LCFS' results in their statements.  So they're doing the opposite of what you're saying.

However, the price of LCFS is way too low that they'll likely just sit on the shares to allow them to recover in theory if HDRD is successful before selling off some of their LCFS stake.  Plan will probably be to simplify their structure by slowly selling off Altagas and LCFS and being in a position to return more money to TWM shareholders.
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