Post by
longrun86 on Nov 08, 2024 9:56am
Management Guidance Required
Everyone will agree that TWM has probably been the worst performing company in their portfolio.
New Management came in and was ruthless in writing things down. I can appreciate that they have wanted a reset.
LCFS still is concerning. If the BC market for renewable diesel regulatory situation doesn't improve then the SAF approval in 2025 seems like a pretty risky bet.
Management must provide very clear guidance toward value creating activities at TWM in the near term or this thing is worthless and will need to be sold off for parts.
One of the most distressing indicators is the lack of insider buying. It is non-existent.
The situation is extremely precarious. We need a great winter of diesel sales and improved natural gas activity (AECO price dependent). Without improved results, the Board has a requirement to step in and put the company up for sale rather than face insolvancy.
I am still holding my shares but am very concerned about total capital loss. The flip side is that this does turn around and new buyers are looking at a 5x or greater from here.
LR