Tidewater Midstream and Infrastructure Ltd T.TWM

TWM ALTA GAS deal

[Tyee1989]

TWM selling some of their assets for $650 MILL shows how rediculously cheap this stock is. This takes away all the debt and still leaves cash left. Factor in what they still own plus they own about $800 MILL of LCFS once its fully operational next year with 424 MILL shares outstanding. This stocks fair value is around $3 plus.

[Mephistopheles3]

Just keep in mind that $325 million is in Altagas stock and TWM will likely be restricted in selling that stock for 2-3 years.  Still, even if they just take the dividend on Altagas which is 4%, that's not too shabby.  They are currently paying 9.5% on their excess borrowings to get the HDRD facility done and 6.5% interest on their regular facility, so this transaction will just be