Tidewater Midstream and Infrastructure Ltd T.TWM

Altagas sale

[templetooth2]

I wouldn't be so quick to dismiss that sale as the reason. Or something connected to the sale. Keep in mind, it wasn't just R. Colcleugh who was fired, but the CFO also, Newmarch. 

Something happenned after the dividend cut and announcement of NCIB. The only other possible big ticket item was the block sale. Maybe Birch Hill wanted to hang on to the Altagas position for half a year and the execs made a decision on their own. 

The idea that someone with greater operating experience was brought in, in preference over Colcleugh''s skill set, doesn't hold water. If that were the case, the decision would have been taken in November, prior to Colcleugh dropping the interim label. I have to believe you would pay substantially less severance to fire an interim CEO than a CEO. I also don't think you would fire the CFO over a slow ramp up to the HDRD plant. 

Whatever we might speculate, the company owes its shareholders an explanation. As I said before, OWN THE PROBLEM.

[NewOpportunist]

R. Colcleugh is still on the board of TWM, as far as I know ... at least for now.

[longrun86]

I am going to add my own speculative view. The reason why I believe this change was made could be due to a divergence in what the long term vision should be for Tidewater. Another possibility is that a larger group like Brookfield approached the executives to form the acquisition team for TWM and LCFS. Regardless of what the actual reason why this has transpired, this was extremely poorly

[goodbuddy]

I'll explain my version of why this has happened. let's go back to a day when Tidewater was "just a twinkle in it's dad's eye". The founder of TWM started out as predator oil in very favourable economic time when low interest rates were the norm. Also, predator oil had a completely different business model than what TWM has right no, predator oil owned all of its