CALGARY, Nov. 13, 2019 /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 and nine-month period ended September 30, 2019.   

THIRD-QUARTER 2019 FINANCIAL PERFORMANCE

Recent Highlights

CALGARY, Nov. 1, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater”) (TSX:TWM)‎ is pleased to announce that it has closed its previously announced acquisition of Husky Energy’s light oil refinery (“PGR“) located at Prince George, British Columbia (the “Acquisition“).  In conjunction with the Acquisition, Tidewater has also closed the previously announced: expansion of its credit facility from $350 million to $600 million; and, $100 million second lien term loan through ATB Financial, which loan is subordinated to the senior credit facility.

Third Quarter, 2019 Earnings Call

In conjunction with Tidewater’s third quarter 2019 earnings release, investors will … Continue Reading

/THIS RELEASE IS INTENDED FOR DISTRIBUTION OUTSIDE THE UNITED STATES ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION WITHIN THE UNITED STATES/

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”), net debt and distributable cash flow, which are supplemental financial measures that do not have standardized meanings under generally accepted accounting principles (“GAAP”), and are therefore unlikely to be comparable to similar measures presented by other companies‎. For more information about these measures, please see “Non-GAAP Measures” below. 

CALGARY, Oct. … Continue Reading

CALGARY, Sept. 23, 2019 /CNW/ –

Pipestone Gas Plant Commissioning

Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) is pleased to announce that it completed commissioning and start-up of the Pipestone Montney, sour deep-cut gas processing complex (“Pipestone Gas Plant“).  The Pipestone Gas Plant is designed to process approximately 100 MMcf/day of sour gas and includes an acid gas injection well, salt water disposal well, and pipelines that directly connect to Tidewater’s Pipestone Gas Storage Facility.  Additionally, the Pipestone Gas Plant is connected to both the Alliance and TC Energy pipeline network.

The Pipestone Gas Plant … Continue Reading

CALGARY, Aug. 13, 2019 /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 and six-month period ended June 30, 2019.   

SECOND-QUARTER 2019 FINANCIAL PERFORMANCE

Recent Highlights

/NOT FOR DISTRIBUTION TO THE UNITED STATES/

CALGARY, Aug. 8, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater”) (TSX:TWM)‎ is pleased to announce that it has closed its previously announced $75 million bought deal financing (the “Offering“) of five-year convertible unsecured subordinated debentures (the “Debentures“). The Debentures have a coupon of 5.5 percent per annum, and a conversion price of $1.86 per ‎Tidewater common share (“Common Share“).‎

The syndicate of underwriters was co-led by CIBC World Markets Inc. and National Bank Financial Inc. and included RBC Dominion Securities Inc., AltaCorp Capital Inc., Cormark Securities Inc., Scotia Capital … Continue Reading

CALGARY, June 21, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX:TWM) is pleased to announce: that the Pioneer Pipeline, connecting Tidewater’s Brazeau River gas plant to TransAlta’s generating units at Keephills and Sundance, transported first gas four months ahead of schedule; that Tidewater expanded its gas storage facility at Pipestone and completed its natural gas pipeline connecting the facility to both Alliance and TCPL; and that its Board of Directors has declared a dividend for the second quarter 2019 of $0.01 per common share.

Pioneer Pipeline Commissioning

Tidewater is pleased to announce that … Continue Reading

CALGARY, May 16, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) announces the voting results from its annual general and special meeting of shareholders held May 14, 2019 in Calgary, Alberta (the “Meeting”).  Each matter voted upon at the Meeting is discussed in detail in the Corporation’s Management Information Circular dated March 28, 2019 which is available on SEDAR at www.sedar.com.

Matters Voted Upon

Outcome of
Vote

Votes For

Votes Against or
Withheld, as
applicable

1.

To fix the number of directors
for the ensuing year at five.

Approved

99.98%

(233,139,475)

0.02%… Continue Reading

CALGARY, May 14, 2019 /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, 2019.   

FIRST-QUARTER 2019 FINANCIAL PERFORMANCE

Recent Highlights

CALGARY, March 25, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) is pleased to announce that it has entered into an asset purchase and sale agreement whereby the Corporation has divested of its Pipestone Gas Plant’s 32MW cogeneration units to Kineticor Resource Corp. (“Kineticor“), a privately held power developer focused on thermal generation in Canada. Under the terms of the sale, the Corporation received a cash payment of $85 million and Kineticor assumed ownership of the cogeneration units which are currently onsite. In conjunction with the divestiture, the Corporation entered into a long-term energy … Continue Reading

CALGARY, March 22, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) is pleased to announce that its Board of Directors has declared a dividend for the first quarter 2019 of $0.01 per common share payable on or about April 30, 2019 to shareholders of record on March 29, 2019.  The ex-dividend date is March 28, 2019. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada).

About Tidewater

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