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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 > Must say I'm disappointed with this one
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Post by 2021Gamble on Jul 28, 2022 6:08am

Must say I'm disappointed with this one

The price suppression has been obvious, but for this to be the reason is an absolute ridiculous and pathetic measure on management allowing it to occur

And throwing in a half warrant when the upside to analyst price targets is almost 100% is a real kick in the nuggets

So we get dilution , made worse by the rediculously low 1.20, and more dilution with the 1/2 warrant which they'll use to cover their shorts which they used to keep the price down artificially

Nope.....not a happy camper on this one
Comment by FatherJack on Jul 28, 2022 11:22am
Yeah, If  they would have raised the div 1/4 cent per quarter last earnings the share price would have shot up and they could have done the financing at a much higher price.
Comment by capedcrusader on Jul 29, 2022 9:38am
I intend to write the regulator to complain about this offering. 1. The offering was done at a much lower price than the 3 or even 6 month average stock price. 2. Nothing was done as others have mentioned to increase shareholder value prior to completing the offering i am really angry about this one. CC
Comment by downwithdotcom1 on Jul 30, 2022 12:20pm
i too am a bit disappointed on this BOUGHT DEAL..seems to me there may have been some debt refinancing terms issues...too many covenants??? MEANwhile, the clock was ticking..see below: "announces a financing plan to fully fund the repayment of its $125 million senior unsecured notes due December 19, 2022 (the “Senior Unsecured Notes”) and $20 million second lien term loan (the “Second Lien ...more  
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