Tidewater Midstream and Infrastructure Ltd

TWM-T

Analysis and Opinions about TWM-T

Signal
Opinion
Expert
COMMENT
COMMENT
April 3, 2018

He does not cover it yet. He’s starting to like the company and thinks their story makes a lot of sense. He thinks the downside is 10 to 20 cents and it could rise to $2 (from $1.38 on day of interview) if it came back to its 2016 high.

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He does not cover it yet. He’s starting to like the company and thinks their story makes a lot of sense. He thinks the downside is 10 to 20 cents and it could rise to $2 (from $1.38 on day of interview) if it came back to its 2016 high.

BUY
BUY
February 26, 2018

He has made it a Top Pick previously. He still likes the company. They pulled back with other mid-streams and so it is probably a good buying opportunity. The valuation is low.

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He has made it a Top Pick previously. He still likes the company. They pulled back with other mid-streams and so it is probably a good buying opportunity. The valuation is low.

BUY
BUY
February 12, 2018

Oversold. $1.25 is good support; never fell below this. Would be a buyer here.

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Oversold. $1.25 is good support; never fell below this. Would be a buyer here.

BUY
BUY
December 21, 2017

He likes it. It was trading sideways and then broke out. He thinks there is some multiple expansion. The last couple of quarters have gotten better.

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He likes it. It was trading sideways and then broke out. He thinks there is some multiple expansion. The last couple of quarters have gotten better.

BUY
BUY
November 30, 2017

A fairly small company. Management understands the mine. They have some natural gas storage. The price of natural gas in Alberta has been depressed and at some points in the summer it was down to zero. Having the storage facilities allows them to hold the gas from the market until the price comes back. They have a good expansion strategy and they will likely be a takeout target over a multi year timeframe.

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A fairly small company. Management understands the mine. They have some natural gas storage. The price of natural gas in Alberta has been depressed and at some points in the summer it was down to zero. Having the storage facilities allows them to hold the gas from the market until the price comes back. They have a good expansion strategy and they will likely be a takeout target over a multi year timeframe.

TOP PICK
TOP PICK
November 27, 2017

A natural gas processor. Dry gas is depleting and being replaced by liquid rich gas which requires much more processing so this company can take advantage of that. Their balance sheet has less leverage than others. The biggest risk would be competition. (Analysts’ target: $2.08).

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A natural gas processor. Dry gas is depleting and being replaced by liquid rich gas which requires much more processing so this company can take advantage of that. Their balance sheet has less leverage than others. The biggest risk would be competition. (Analysts’ target: $2.08).

TOP PICK
TOP PICK
November 24, 2017

Operates processing and transmission facilities, largely for natural gas producers. Natural gas liquids and propane are trading at reasonably good prices in Western Canada. He sees this trading at a pretty steep multiple discount to their much larger peers. Really likes management and feels they will be able to execute on their growth plans. Dividend yield of 2.7%. (Analysts’ price target is $2.08.)

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Operates processing and transmission facilities, largely for natural gas producers. Natural gas liquids and propane are trading at reasonably good prices in Western Canada. He sees this trading at a pretty steep multiple discount to their much larger peers. Really likes management and feels they will be able to execute on their growth plans. Dividend yield of 2.7%. (Analysts’ price target is $2.08.)

COMMENT
COMMENT
November 15, 2017

A relatively new company. Sales have gone up by 56% per share when they reported on November 14. Earnings declined 35%, but upcoming earnings are expected to grow by about 8% when they report. Because this is a utility, it will be trading more on a Price to cash flow basis. Pays a dividend of 2.7%. As an income investment, this should do okay.

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A relatively new company. Sales have gone up by 56% per share when they reported on November 14. Earnings declined 35%, but upcoming earnings are expected to grow by about 8% when they report. Because this is a utility, it will be trading more on a Price to cash flow basis. Pays a dividend of 2.7%. As an income investment, this should do okay.

PAST TOP PICK
PAST TOP PICK
October 12, 2017

(A Top Pick Oct 26/16, Down 10%) It is a function of a few things. There is the whole overhang of the pipelines; ALA-T owns a significant portion and it looks like their relationship has been severed and that ALA-T may sell that piece off. This one is going to continue to grow. He thinks the management team will eventually sell to a bigger company. Longer term it will continue to grow.

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(A Top Pick Oct 26/16, Down 10%) It is a function of a few things. There is the whole overhang of the pipelines; ALA-T owns a significant portion and it looks like their relationship has been severed and that ALA-T may sell that piece off. This one is going to continue to grow. He thinks the management team will eventually sell to a bigger company. Longer term it will continue to grow.

TOP PICK
TOP PICK
September 11, 2017

It is a mid-stream company. But they are newer. Their valuation is 40% less than the peer group and they have low debt. It is Nat Gas processing. Mid-streamers are all up from 5 years ago. They came out of favour recently. (Analysts’ target: $2.15).

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It is a mid-stream company. But they are newer. Their valuation is 40% less than the peer group and they have low debt. It is Nat Gas processing. Mid-streamers are all up from 5 years ago. They came out of favour recently. (Analysts’ target: $2.15).

BUY
BUY
June 22, 2017

(Market Call Minute) His pipeline pick, even though it is off the beaten path.

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(Market Call Minute) His pipeline pick, even though it is off the beaten path.

COMMENT
COMMENT
April 26, 2017

This is in the midstream business. Had started off really small, and made small acquisitions. They also have organic growth. This continues to move along and grow. If you have a longer-term view, this is one you could Buy. Also has a small dividend.

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This is in the midstream business. Had started off really small, and made small acquisitions. They also have organic growth. This continues to move along and grow. If you have a longer-term view, this is one you could Buy. Also has a small dividend.

COMMENT
COMMENT
January 25, 2017

Almost a mini version of Altagas (ALA-T). They have an arrangement with Altagas, where one of their facilities has been flowed down to this company. It continues to build out its infrastructure in Alberta in the Montney area and he thinks they will continue to do that. 2.5% dividend yield.

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Almost a mini version of Altagas (ALA-T). They have an arrangement with Altagas, where one of their facilities has been flowed down to this company. It continues to build out its infrastructure in Alberta in the Montney area and he thinks they will continue to do that. 2.5% dividend yield.

TOP PICK
TOP PICK
October 26, 2016

This is in the natural gas distribution business. They have some pipelines and gas plants, and do some shipping. Trades at about half the multiple of their peers. They are in a growth mode right now. The CEO had a company that he built up and sold for a nice premium, so he knows how to operate and manage a similar type of business. Dividend yield of 2.56%.

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This is in the natural gas distribution business. They have some pipelines and gas plants, and do some shipping. Trades at about half the multiple of their peers. They are in a growth mode right now. The CEO had a company that he built up and sold for a nice premium, so he knows how to operate and manage a similar type of business. Dividend yield of 2.56%.

BUY
BUY
September 29, 2016

He likes them. It is somewhat under followed. He likes the management team. If you are going to own one, this is the one that stands out. It is his goto name in this space.

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He likes them. It is somewhat under followed. He likes the management team. If you are going to own one, this is the one that stands out. It is his goto name in this space.

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