Added to YB: 2026-10-07
Pitch date: 2026-10-01
TWM.TO [bullish]
Tidewater Midstream and Infrastructure Ltd.
+1.99%
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 520.3M
Pitch Price
CAD 24.12
Price Target
42.00 (+71%)
Dividend
N/A
EV/EBITDA
17.21
P/E
-6.74
EV/Sales
0.68
Sector
Oil, Gas and Consumable Fuels
Category
value
Q3 2026 Portfolio Update: Reflections on 67% YTD - Tidewater Midstream and Infrastructure Ltd.
TWM.TO (hold): Tidewater remains the largest position, with mid-cycle EBITDA estimated around C$220M and the shares at roughly 6x; paying down the approximately C$400M debt portion of enterprise value could drive more than 70% equity upside at a constant multiple. Tighter diesel supply, construction-led demand and contract repricing may lift realized prices, while a positive SAF final investment decision remains meaningful but uncertain optionality.
Read full article (2 min)