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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 Tyee1989on Dec 22, 2023 9:08pm
108 Views
Post# 35798779

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

RE:RE:RE:RE:Where is our December Quarterly Dividend?Usually when people sell due to dividend cuts it's because the company is having significant financial trouble. In this case management is trying to take advantage of a stock price  that is extremely low compared to what the company is actually worth. They could pay a ten percent dividend but it is better for the long term of the company to buy back ten percent of the shares instead due to the extraordinary discount they are offering currently. I get the feeling they don't think they will be low for long and want to take advantage asap. Getting a stock at 30 percent of what it's worth may be better than going searching for a 6 percent yield. IMO
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