Tidewater Midstream and Infrastructure Ltd T.TWM

Renewables

[FatherJack]

TWM owns 69% of Tidewater Renewables which has a market cap of 520 million dollars.  That's worth 359 million dollars so why isn't the share price of TWM reflecting this?  Am I missing something?

[fauxtomato]

The renewables bit of financial engineering has given TWM something it hasn't had in years: financial flexibility. How they use it will dictate what happens next. This just showed up on the AER PNOA: Tidewater Midstream and Infrastructure Ltd. has submitted an application under the Environmental Protection and Enhancement Act for an amendment to an existing approval to add a standalone power

[fauxtomato]

Moderately satisfying to see LCFS finally lose value. I don't fault TWM for playing the game: they didn't set the rules for this insanity, but I do hate the game. Would like to see them invest in their previous core business now that they have the capacity, but I think those opportunities are largely owned by the integrated midstreams and larger E&Ps. At some point LCFS will either

[fauxtomato]

That didn't last long: a plan to monetize the BC LCFS credits gives them some credence, now just need a solid feedstock supply plan and maybe TWM can start selling their LCFS shares?

[AntoninScalia]

I think they mentioned on the call that they wouldn't sell any shares for 12 months.