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Tidewater Midstream and Infrastructure ( (TSE:TWM) ) has provided an update.
Tidewater Midstream and Infrastructure Ltd. has completed the sale of its Brazeau River Complex roadway network to Canadian Resource Roadways LP for $24 million. The proceeds will be used to repay a term loan, and the sale of this non-core asset is expected to have an immaterial impact on Tidewater’s 2025 operating results.
More about Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Ltd. is a company traded on the TSX under the symbol ‘TWM’. It focuses on profitably growing and creating shareholder value within the North American natural gas, natural gas liquids, crude oil, refined product, and renewable energy value chain. The company operates downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage, and various renewable initiatives. Additionally, Tidewater markets crude, refined products, natural gas, natural gas liquids, and renewable products and services across North America.
YTD Price Performance: 29.41%
Average Trading Volume: 709,634
Technical Sentiment Signal: Buy
Current Market Cap: C$94.85M
For detailed information about TWM stock, go to TipRanks’ Stock Analysis page.