Tidewater Midstream and Infrastructure Ltd T.TWM

IPO could be a winner

[poopoopoo]

Tidewater could come out significantly ahead if this IPO proceeds as planned at the price posted. They will get more cash and the balance sheet will really start looking nice. 
Overall it positions them for further debt reduction or a dividend increase or share buyback all of which should be on the table once the IPO closes in August.

With the heat in the US and AC running non stop gas demand has been very strong and one look at the prices explains that. Tidewaters opertions should be posting very good results and their customers financial shape should be improving. They are positionned to report decent results in the coming quarters.

Myself I think they need to put more focus on a dividend bump or issuer bid and put a floor on the shares. I would draw a hard line in the sand and say anything less than $1.3 we are buying. Time to get the share price up where it belongs and reward long term shareholders...

[fauxtomato]

Just realized earnings date is posted as 8/5, a week from Thursday. I think that's sooner than usual, will be good to get a print Pioneer closed. ------------------------- This is all with the assumption that this IPO places successfully and trades over $10/share: As it relates to TWM: After the $180M payment from Renewables, their debt at about $550M would just a bit more than their shares