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Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s):  T.TWM.DB.A | TWMIF

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 longrun86on May 09, 2024 10:15am
208 Views
Post# 36030980

RE:RE:RE:Telegraphing intentions

RE:RE:RE:Telegraphing intentions

The share consolidation through the reverse split is a minor issue compared to the major issue of the debt restructuring. There is a lot of work to be done to fix the credit facilities so that this is investable.

The Balance sheet sticks out like a sore thumb because of the negative working capital balances. They need to fix this ASAP.

If they can fix the balance sheet and clearly demonstrate a return to profitability then they can figure out what to do with a share consolidation and a potential takeout of the public shareholders at the renewables division. 

There is still a lot to do to turn this around but it looks very cheap at todays price if they can pull it off. If they can't pull it off then I could see someone swooping in and providing a cash offer that will put an end to our suffering.

LR

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