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

Investor Update or Lack Thereof

[TVR]

TWM used to do a good job of keeping its investors up to date with a good presentationon its website  that was regularly updated every month or two.  This has not been on the website for 6 months or more.

The only information on the web site now is somewhat limited (without digging into the financial reporting) and talks about EBITDA growth in 2022 so somewhat outdated and irrelevant.

For a company that just closed a significant deal that delivered around $1.60 per share in cash and ALA shares nobody would know if they looked at the website.  The share price is still languishing around $1 despite the cash infusion and what is now a strong balance sheet.  If a blockbuster deal cannot move the share price what will???

I expect we will have steady selling over the coming months by long term shareholders who are unhapppy not to be receiving a dividend any more.  People seem to have forgotten that 5 years ago the annual dividend of 4c per share (in the 3% to 4% range at that time) was a reasonable dividend for a company with TWM's growth prospects and many shareholders were happy with the modest dividend  because of the growth prospects.  Those growth prospects have largely materialized with the PGR acquisition, the Pipestone gas plant build and the RD facility build.  Unfortunately the share price appreciation has not materialized and we have a new and unproven management team who have so far been unable to surface any of the value in TWM.  I would like to hope this will change when the 2023 Q4 report comes out (early March based on prior years) with an updated balance sheet, but not confident it will.

[goodbuddy]

https://www.canadianbiomassmagazine.ca/tidewater-renewables-marks-first-renewable-diesel-production-new-ceo/