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Tidewater Midstream and Infrastructure ( (TSE:TWM) ) has provided an update.
Tidewater Midstream and Infrastructure Ltd. has entered into an agreement with the Government of British Columbia to receive BC LCFS Credits, which will support the production of low-carbon renewable gasoline and diesel at the Prince George Refinery. This initiative, along with a previous agreement, is expected to fund half the cost of renewable feedstocks needed for co-processing, reducing carbon emissions in British Columbia by over 60,000 metric tonnes annually and supporting the economic success of the refinery.
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.
Tidewater Midstream and Infrastructure’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. Technical analysis indicates a bearish trend, further weighing on the score. Valuation metrics are unfavorable due to negative profitability and lack of dividends. While the earnings call provided some strategic positives, they were insufficient to offset the financial and operational challenges.
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 manages downstream facilities, natural gas processing, and various renewable initiatives, marketing these products and services across North America.
Average Trading Volume: 23,894
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$103.2M
For detailed information about TWM stock, go to TipRanks’ Stock Analysis page.