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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

Post by longrun86on Nov 08, 2024 9:56am
186 Views
Post# 36303006

Management Guidance Required

Management Guidance RequiredEveryone will agree that TWM has probably been the worst performing company in their portfolio.

New Management came in and was ruthless in writing things down. I can appreciate that they have wanted a reset. 

LCFS still is concerning. If the BC market for renewable diesel regulatory situation doesn't improve then the SAF approval in 2025 seems like a pretty risky bet.

Management must provide very clear guidance toward value creating activities at TWM in the near term or this thing is worthless and will need to be sold off for parts.

One of the most distressing indicators is the lack of insider buying. It is non-existent.

The situation is extremely precarious. We need a great winter of diesel sales and improved natural gas activity (AECO price dependent). Without improved results, the Board has a requirement to step in and put the company up for sale rather than face insolvancy.

I am still holding my shares but am very concerned about total capital loss. The flip side is that this does turn around and new buyers are looking at a 5x or greater from here.


LR
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