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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 goodbuddyon Oct 26, 2024 10:29pm
175 Views
Post# 36283749

RE:Tidewater Midstream

RE:Tidewater Midstream Hi Otterman,

I will explain why I think this stock is where it is. In a nutshell, this stock is trading where I would expect it too ( a while back I said this stock is wiorth $0.50). One has to go back to a time before Tidewater was born, The CEO had an oil company (mostly oil maybe some gas) and he sold the company for $100,000,000 from a #10,000,000 dollar capitol injection from his sharholders and himself as well. All before the infamous oil crash and then he started Tidewater somewhere in that time. With his pockets flush with cash and his sharholder are backing him again in his new adventure (Tidewater Moidstream & Infrastructure) he began to buy properties, the Drayton Valley properety was the first proterty purchased with his pockets full of cash, I would say was a decent buy. That's where the good deals ended in my opinion, they bought tired old properties that came with high liabilities, fast forward to today, some of those properties are shutdown down now and maybe forever. Prince George refinery was bought on the credit card and the interest rate is killing them compared to what the bottom line number (basic EPS) is producing. This company never had a business plan for what I could see, they just bought things up and got into BITCOIN business all a while just trying to catch the flavor of th day on cheap money (when interest rates were very low) now that interest rates have risen, this is placing a strain on the companies finances. I will add one more thing, All the CEO's that tidewater had real wasn't a oil executive, they were just someone who could step into that roile.  If you look at well run companies, you find out that CEO's are groomed from within to run a company.  My guess is that this CEO will probably take this company down the drain, not sure if this will happen this year or years down the road. For now, they seem to be still running a business as usual.


Good luck with your investment!


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