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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 TVRon Dec 22, 2023 8:18pm
135 Views
Post# 35798752

RE:RE:RE:Where is our December Quarterly Dividend?

RE:RE:RE:Where is our December Quarterly Dividend?Eliminating the dividend is probably not a smart move by management.  Will not be surprised if selling by shareholders who dump the shares when the market reopens after Christmas holiday because of the dividend cut overwhelms the very positive news from the Pipestone sale. Talk about shooting yourself in the foot. However, if the share price tanks they can do buybacks at a lower price. I expect there will be a lot of sellers and I may well be one of them. My TWM shares are in my dividend  income portfolio and will have to be replaced by something that delivers income.  By the time the market reopens on Wednesday I will likely have figured out what I want to replace them with!
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