Tidewater Midstream and Infrastructure Ltd T.TWM.DB.A

RE:RE:Altagas holdings

[templetooth2]

Re Mephisto's vision of Tidewater's future (or lack of vision!!!):

If TWM intends to slowly sell off their ALA and LCFS shares to fund a 3 or 4% dividend and provide 5 or so execs a comfortable lifestyle, that will soon enough become clear, once the Altagas deal closes.

Tidewater has proven in the last decade there is minimal interest in a fifth or sixth industry player in the natural gas processing industry. IMHO it is time to move on and find a niche in the renewable energy world. The renewable diesel plant in PG is a solid start. They can build on that, but the first order of business is to arrange your business affairs such that you are not saddled with a P/E ratio of 3 or even 4. This will require some healthy degree of stock buyback. 

I saw an article today on the problems of Orsted, a Scandinavian renewable erstwhile-darling. The comeuppance was that a goodly portion of the renewable industry was not prepared for normal interest rates. So here's Tidewater in a situation that with a few more asset sales could be in a position to scoop up some very worthwhile long term opportunities. 

Carpe diem, por favor.