Tidewater Midstream Sells Sylvan Lake Facility to Parallax Energy

An update from Tidewater Midstream and Infrastructure ( (TSE:TWM) ) is now available.

Tidewater Midstream and Infrastructure Ltd. has announced the sale of its Sylvan Lake Gas Processing Facility to Parallax Energy Operating Inc. for approximately $5.5 million. This transaction is part of Tidewater’s strategy to optimize its asset portfolio and enhance financial flexibility, with proceeds intended to repay outstanding amounts on its senior credit facility. The sale is expected to close in the third quarter of 2025, pending regulatory approvals, and is considered to have an immaterial impact on Tidewater’s 2025 operating results.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$0.50 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 is primarily impacted by the company’s financial performance challenges, with declining revenues, profitability, and cash flow issues. Technical analysis and earnings call insights provide some positive developments, but valuation remains weak due to a negative P/E ratio and no dividend yield.

To see Spark’s full report on TSE:TWM stock, click here.

More about Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd. operates in the North American energy sector, focusing on natural gas, natural gas liquids, crude oil, refined products, and renewable energy. The company is involved in various operations including downstream facilities, natural gas processing, pipelines, storage, and marketing of energy products across North America.

Average Trading Volume: 415,879

Technical Sentiment Signal: Sell

Current Market Cap: C$90.56M

Learn more about TWM stock on TipRanks’ Stock Analysis page.