CALGARY, Dec. 17, 2018 /CNW/ –

TransAlta Pioneer pipeline option exercise

Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) is pleased to announce that TransAlta has exercised its option to acquire a 50 percent ownership interest in the Pioneer pipeline connecting the Tidewater owned Brazeau River Complex to TransAlta’s generating units in the Keephills and Sundance area. Tidewater will construct and operate the 120 km natural gas pipeline, with an 11km lateral connecting to Sundance, which will have an initial throughput of 130 MMcf/d with the potential to expand to approximately 440 MMcf/d.  The project is supported … Continue Reading

CALGARY, Nov. 13, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A“) for the three-month period ended September 30, 2018.   

Recent Highlights

Tidewater delivered another quarter of Adjusted EBITDA growth of $17.3 million or $0.05 per share for the third quarter of 2018 compared to $15.3 million or $0.05 per share for the same period in 2017.

Cash flow from operating activities totalled $7.3 million, an increase of $5.6 million over the

… Continue Reading

CALGARY, Oct. 30, 2018 /CNW/ –

Regulatory approval for TransAlta intra-Alberta pipeline

Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) announces today that it received approval from the Alberta Energy Regulator to construct and operate the previously announced 120 km natural gas pipeline connecting Tidewater’s Brazeau River Complex to TransAlta Corporation’s (“TransAlta“) generating units at Sundance and Keephills (the “Pipeline“). The Pipeline will have initial capacity of 130 MMcf/d which may be expanded to approximately 440 MMcf/d and is supported by a 15 year take or pay commitment from TransAlta.  Tidewater expects to commence construction within the … Continue Reading

CALGARY, Oct. 18, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) announces today that it received approval from the Alberta Energy Regulator to construct and operate the previously announced Pipestone Montney, Sour Deep-Cut Gas Processing Complex (the “Pipestone Plant“).  The Pipestone Plant will be situated in the Pipestone area near Grande Prairie, Alberta and is designed to process approximately 100 MMcf/d of natural gas. 

“Tidewater is pleased to receive regulatory approval for this plant which will benefit producers in the prolific Montney play,” said Toby McKenna, Vice President, Business Development and Commercial of Tidewater.  … Continue Reading

CALGARY, Oct. 1, 2018 /CNW/ –

Definitive Agreement with TransAlta Corporation for intra-Alberta pipeline

Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) announces today that it and TransAlta Corporation (“TransAlta“) have executed definitive agreements (the “Definitive Agreements“) for the construction, operation and tolls payable with respect to the previously announced pipeline connecting Tidewater’s Brazeau River Complex to TransAlta’s generating units at Sundance and Keephills.  The Definitive Agreements provide for Tidewater to construct and operate a 20-inch, 120 km natural gas pipeline with initial capacity of 130 MMcf/d which may be expanded to approximately 440 MMcf/d.  The pipeline … Continue Reading

CALGARY, Sept. 21, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) is pleased to announce that its Board has declared a dividend for the third quarter 2018 of $0.01 per common share payable on or about October 31, 2018 to shareholders of record on September 28, 2018.  The ex-dividend date is September 27, 2018. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada).

The Corporation’s Business

Tidewater is traded on the TSX under the symbol “TWM”. Tidewater’s business objective is to build a diversified midstream … Continue Reading

CALGARY, Sept. 11, 2018 /CNW/ –

Credit Facility Increase

Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) is pleased to announce that it has amended its existing Credit Facility (the “Amended Credit Facility”) with its banking syndicate of six Canadian Financial Institutions (the “Syndicate”). The amendments provide additional stability to the Corporation’s financial position.

Pursuant to the Amended Credit Facility, total availability under the Corporation’s credit facility has increased from $250 million to $325 million. The Amended Credit Facility also contains an accordion feature which permits the Corporation to increase the size of its credit … Continue Reading

CALGARY, Aug. 9, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) for the three-month period ended June 30, 2018.   

Highlights

Financial Earnings Highlights

Tidewater delivered another strong quarter reporting Adjusted EBITDA attributable to its shareholders of $19.0 million or $0.06 per share for the second quarter of 2018 compared to $14.9 million or $0.05 per share for the same period in 2017.

The Corporation maintained a conservative payout ratio of approximately 28%

… Continue Reading

CALGARY, July 26, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (TSX: TWM) (“Tidewater” or the “Corporation“) is pleased to announce that it will release its second quarter 2018 results on Thursday, August 9th, before the market opens.  In conjunction with the earnings release, investors will have the opportunity to listen to Tidewater senior management review its second quarter 2018 results via conference call on Thursday, August 9th at 10:00 am MDT.

To access the conference call by telephone, dial 647-427-7450 (local / international participant dial in) or 1-888-231-8191 (North American toll free participant dial in).  … Continue Reading

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Fifteen-year liquids premium agreement

CALGARY, June 22, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (TSX: TWM) (“Tidewater” or the “Corporation“) is pleased to announce that it has entered into a fifteen-year liquids sale commitment with an investment grade counterparty, in exchange for an agreed upon liquids pricing premium.

BRC turnaround

Tidewater announces today that it successfully completed its planned maintenance and turnaround operations at the Brazeau River Complex.  This maintenance and turnaround occurred over a 16-day … Continue Reading

CALGARY, May 17, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) (TSX: TWM) announces the voting results from its annual general and special meeting of shareholders held May 14, 2018 in Calgary, Alberta (the “Meeting”).  Each matter voted upon at the Meeting is discussed in detail in the Company’s Management Information Circular dated April 2, 2018 which is available on SEDAR at www.sedar.com.

The following five director nominees were elected for the ensuing year:

Nominee

Votes For

Votes Withheld

Joel A. MacLeod

 

98.53%

(184,884,096)

1.47%

(2,759,893)

Doug Fraser

 

99.68%

(187,036,728)

0.32%

(607,261)

Stephen J. … Continue Reading

CALGARY, May 14, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) for the three-month period ended March 31, 2018.   

Highlights

Financial Earnings Highlights

Tidewater delivered another strong quarter of growth reporting Adjusted EBITDA of $20.0 million or $0.06 per share for the first quarter of 2018 compared to $14.4 million or $0.04 per share for the same period in 2017.

The Corporation maintained a conservative payout ratio of approximately 23% with distributable

… Continue Reading