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Bullboard - Stock Discussion Forum 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... see more

TSX:TWM - Post Discussion

Tidewater Midstream and Infrastructure Ltd > So they announced the dividend today...
View:
Post by Wordless1 on Jun 23, 2021 3:20pm

So they announced the dividend today...

.... and no mention of Pioneer sale.  Perplexing?

Can I be optimistic and say they plan to confirm the sale, along with them revising rest of year guidance up at the same time?
Comment by fauxtomato on Jun 23, 2021 3:42pm
And FID of the renewable diesel project, expansion of Pipestone both funded by a sale of minority working interest to an unnamed PE firm at 12x EBITDA and project financing at 4.5%. Just daydreaming...
Comment by Maxmoe on Jun 24, 2021 1:00am
And free soup for all employees in the cafe today. Has anyone asked twm directly about the deal approval being semi public knowledge? 
Comment by Maxmoe on Jun 24, 2021 10:54am
The company reply  Thanks for reaching out on below. The AUC approval was one of several requirements needed before closing of the Pioneer disposition and great to get that out of the way. We continue to move forward on final steps to close the deal by June 30, in line with our most recent guidance on Q2 timing of close. We remain on track for this guidance and plan to provide an update ...more  
Comment by Maxmoe on Jun 24, 2021 11:30am
Nobody can accuse them of being too promotional