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Tidewater Midstream and Infrastructure ( (TSE:TWM) ) just unveiled an update.
Tidewater Midstream and Infrastructure has signed long-term agreements to process up to 75 MMcf/d of natural gas and handle associated NGL supply and fractionation at its Brazeau River Complex in central Alberta. The deals, which carry initial five-year terms with fees fixed at market rates and subject to inflationary adjustments, secure significant dedicated gas volumes and grant Tidewater marketing rights to ethane, propane and butane from the processed gas, further bolstering utilization of the highly contracted Brazeau facility and supporting the company’s drive to lock in stable, fee-based revenue while it continues discussions to contract the remaining capacity.
The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Tidewater Midstream and Infrastructure stock, see the TSE:TWM Stock Forecast page.
Spark’s Take on TSE:TWM Stock
According to Spark, TipRanks’ AI Analyst, TSE:TWM is a Neutral.
The overall stock score of 43 reflects significant financial challenges, including high leverage and negative profitability, which are the most impactful factors. Technical analysis provides a cautious outlook, while valuation metrics indicate potential overvaluation. Although strategic initiatives from the earnings call offer some promise, immediate financial setbacks and operational challenges weigh heavily on the stock’s prospects.
To see Spark’s full report on TSE:TWM stock, click here.
More about Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Ltd., listed on the TSX under the symbol TWM, operates across the North American natural gas, natural gas liquids, crude oil, refined products and renewable energy value chain. Its asset base includes downstream and natural gas processing facilities, NGL infrastructure, pipelines, storage and renewable initiatives, complemented by marketing activities for crude, refined products, natural gas, NGLs and renewable products, and it is the majority shareholder of Tidewater Renewables Ltd.
Average Trading Volume: 25,280
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$106.3M
For a thorough assessment of TWM stock, go to TipRanks’ Stock Analysis page.