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

Seems obvious to me...

[templetooth2]

...that when this deal closes, the next step will be to re-absorb LCFS into the new Tidewater. 

LCFS was taken public a few years ago at $15 per share, and for the life of me, I can't see the minority shareholders accepting anything less than that. I won't.

I have to admit, I'm a little surprised at the muted market reaction to this deal. Maybe a few more gas assets have to be dealt out, I don't know. With AIMCO backstopping this company, you would think that as the asset deck is re-shuffled, some dollars ought to stick to our hands as we pick up the new cards.

[longrun86]

My view is that this is round 1 of what needs to be done for this company to get back on track. The headline valuation was good, the question becomes what has to happen with the AltaGas shares and the capital allocation thereafter. My view is that Tidewater doesn't have the balance sheet to be in the midstream game anymore and the market has some large players that can execute and do deals at

[Mephistopheles3]

Agree with a lot of your comments.  TWM lost their way and got way too diversified and all over the place when they're such a small player.. their ambitions was bigger than their balance sheet. But they have some really good assets that are not being priced by the market.   As an example, I don't think investors in TWM had any value put for the Pipeline expansion, but

[Cdnmate23]

5-yr chart says it all. 50% upside is nothing to shake a drill rig at, but won't be a home run.  Special dividend from all that cash would have been more reassuring than the overused unlocking SH value schtick.  No complaints on the move, but it's been a disappointing multi-year hold and today doesn't change that sentiment.   

[stopedout]

There is no room for a special dividend. The balance sheet badly needed this fix, even though it feels a bit like they are selling the furniture to pay the mortgage. That said, I feel more comfortable holding this stock now.