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

CALGARY, March 14, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) is pleased to announce that it has filed its annual consolidated financial statements and Management’s Discussion and Analysis (“MD&A“) for the year ended December 31, 2018.   

FOURTH-QUARTER AND FULL-YEAR 2018 FINANCIAL PERFORMANCE

Despite a challenging industry environment, 2018 was a record year for Tidewater both operationally and financially as volumes and earnings increased as compared to 2017. During the year, the Corporation commenced construction of approximately $400 million (gross) of new capital growth projects, experienced NGL and natural gas volume growth … Continue Reading

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

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

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