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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 Jan 09, 2024 11:44am
258 Views
Post# 35817466

RE:RE:RE:What's Next for TWM?

RE:RE:RE:What's Next for TWM?

CIBC wrote a decent report on the options that are available with the capital.  If TWM continues to sell other assets as part of the review, we might be looking at a SIB (substantial issuer bid) to take out a large part of shares.  

Other option is what to do with Tidewater Renewables which is a big question mark.  Spinning it off as a seperate company didn't work.  They've said in past calls that they wouldn't mind deconsolidating LCFS - meaning sell off their minority stake.  However, it might go the other way as well - instead of investing in random assets.. they might just buy out LCFS and own it at 100%, especially if they believe it's being undervalued by the market.
 

Lots of good options - we'll probably just get an update in Feb when they announce results.  In the meantime, just sitting tight.  I'm not too worried about the price dropping much below where it is right now.

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