Tidewater Midstream and Infrastructure Ltd T.TWM.DB.A

credit suisse's summary on SP change...cheers

[2021Gamble]

Credit Suisse Cuts Tidewater Midstream's Price Target, EPS estimates Amid Volatile Commodity Markets

 

15 Jul 202209:09 ET

 

09:09 AM EDT, 07/15/2022 (MT Newswires) -- Credit Suisse said Friday that it reduced Tidewater Midstream and Infrastructure Ltd. (TWM.TO)'s target price to $1.75 from $2.25 following a review of the company's expected operating levels amid volatile commodity markets.

The company's outperform rating was reiterated due to its niche positioning, compelling valuation and execution potential.

Credit Suisse also slashed Tidewater's EPS estimates to $0.24 from $0.29 in 2022 and to $0.19 from $0.22 in 2023.

According to Credit Suisse, Tidewater's stock focus is largely on PGR realizations and the capital program delivery, with upside existing from asset base expansion that is not in existing financial forecasts.

There are also selected areas for potential asset expansions not in Credit Suisse's base forecasts.

"We believe Tidewater trades at a discounted valuation - that which is partly a function of the unique asset base (midstream and refinery exposure) and the market cap (i.e., small- cap status)," Credit Suisse said.

"Given the unique niche regional exposure along with the structural reality of the renewable fuels business, we view believe the stock offers a compelling risk-reward relationship, combined with additional growth potential in the basin."

[downwithdotcom1]

HEDGING THEIR BETS, thats all- most of these analysts pushed anything O&G related to the stratsophere and then this sector drops 30% overnite on recession fears. SO MAYBE OIL ISN"T GOING TO STAY ABOVE $100 , NAT GAS has been skewered by the TEXAS LNG outage stranding 20% or 2 bill ft per day that can no longer be shipped and maybe, crack spreads will fall from ALL TIME HI's of $100

[firstworld]

Oil will stay above $100 for Nazis and Nazi supporters gobal minority while the other 7.5B get oil at $40-70. Great for Canada and the west haha. Time to turn off all the welfare funds for TWM and let them sink or swim. Tired of supporting rednecks with my tax dollars.

[dogatcat]

You can just tell by the way "first world" writes that he is mentally challenged,  Make sure you wear your helmet now.   No need for another massive brain injury!