Tidewater Midstream and Infrastructure Ltd T.TWM

Refining Margins

[Wordless1]

I won't pretend to know how refinign works, because I don't. With oil prices this high, will TWM make huge gains on refining since they would of hedged and bought some oil inputs at much lower prices that today?

[fauxtomato]

They've also likely hedged some volume of refined product output. I'd expect they'd have a big mark to market write up for Q4, in addition to very healthy spot crack spreads. Daily rack prices for Prince George are available here: https://www.petro-canada.ca/en/business/rack-prices and market prices for Edmonton light and condensate are available here: https://www.psac.ca

[fauxtomato]

Typing this out has made me reconsider future plans. As much as I'm patting myself on the back for cashing out of TWM at ~$1.34 and moving to SDE at ~$4.50 [roughly a return of about 50% vs a return of about 15% to today's prices] I think there is, financial engineering aside, potential for TWM post LCFS spin off. Q3 and Q4 will likely be lumpy with the LCFS proceeds and resulting

[2021Gamble]

I will be accumulating TWM over the qtr before the next dividend No inside knowledge or anything foolish like that, but I am a fan

[firstworld]

Dont hold your breath JT Adolf Stalin welfare paymaster just appointed Green Peace criminal environment minister  - say good by to AB O&G and hello to crippling fossil taxes. Better dump the covid cash trucks, boats, homes and sugar babies now before the west looks like Somlia, only with 500% debt ratios LOL