Added to YB: 2026-06-09
Pitch date: 2026-04-09
TWM.TO [bullish]
Tidewater Midstream and Infrastructure Ltd.
+91.6%
current return
Author Info
No bio for this author
Company Info
Tidewater Midstream and Infrastructure Ltd. operates as a downstream, midstream, and infrastructure company in Western Canada and the United States.
Market Cap
CAD 375.9M
Pitch Price
CAD 10.48
Price Target
80.00 (+298%)
Dividend
N/A
EV/EBITDA
24.87
P/E
-3.45
EV/Sales
0.71
Sector
Oil, Gas and Consumable Fuels
Category
value
Tidewater Midstream and Infrastructure Ltd. - $TWM.TO
TWM.TO: Canadian midstream/renewable-fuels holdco at ~$9 vs $60-80 PT (600%+ upside). Daughter LCFS now tied to US RD index parity (market misses)—worth $1.3B+ alone, ~covers parent mkt cap. Triple inflection: RD margins, crack spreads, rapid deleveraging (~$600M debt to net cash by YE27 via FCF+asset sales). 2026 guide ~50-80% too low. Holdco simplification, convert at $15.61, free SAF FID option (+$30-40/sh). Trades 2.6x unlevered FCF '26, 1.4x '27. Risks: Iran de-escalation, ops, widow-maker checklist.
Read full article (13 min)