Announcement • Mar 16
Tidewater Midstream and Infrastructure Ltd., Annual General Meeting, May 26, 2026 Tidewater Midstream and Infrastructure Ltd., Annual General Meeting, May 26, 2026. Announcement • Oct 22
Parallax Energy Operating Inc. completed the acquisition of Sylvan Lake Gas Processing Facility from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM). Parallax Energy Operating Inc. entered into a definitive agreement to acquire Sylvan Lake Gas Processing Facility from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) for CAD 5.5 million on July 3, 2025. As part of consideration, CAD 5.5 million is paid towards assets of Sylvan Lake Gas Processing Facility, subject to customary adjustments.
The Transaction is expected to close in the third quarter of 2025, subject to customary closing conditions and certain regulatory approvals, including the receipt of approval from the Alberta Energy Regulator. The proceeds from the transaction will be used to repay amounts outstanding on the Tidewater Midstream and Infrastructure's Senior Credit Facility.
Parallax Energy Operating Inc. completed the acquisition of Sylvan Lake Gas Processing Facility from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) on October 21, 2025. Announcement • Sep 26
Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) completed the acquisition of North Segment of Pembina's Western Pipeline System from Pembina Pipeline Corporation (TSX:PPL). Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) entered into definitive agreement to acquire North Segment of Pembina's Western Pipeline System from Pembina Pipeline Corporation (TSX:PPL) for approximately CAD 31.2 million on May 5, 2025. A cash consideration of CAD 1.2 million will be paid by Tidewater Midstream and Infrastructure Ltd. and assume certain future abandonment and reclamation obligations and liabilities estimated at approximately CAD 30.0 million.
The transaction is expected to close on or before September 1, 2025 and is subject to customary post-closing adjustments and regulatory approvals.
Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) completed the acquisition of North Segment of Pembina's Western Pipeline System from Pembina Pipeline Corporation (TSX:PPL) on September 25, 2025. Announcement • Mar 25
Canadian Resource Roadways LP completed the acquisition of Brazeau River Complex roadway network from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM). Canadian Resource Roadways LP entered into a definitive agreement to acquire Brazeau River Complex roadway network from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) for CAD 24 million on March 6, 2025. A cash consideration of CAD 24 million will be paid by Canadian Resource Roadways LP. As part of consideration, CAD 22.5 million will be received upon closing of the transaction, with the balance to be received on or before December 31, 2025.
The transaction is expected to close in early April 2025, subject to customary closing conditions and certain regulatory approvals, including the receipt of approval from the Alberta Energy Regulator.
Canadian Resource Roadways LP completed the acquisition of Brazeau River Complex roadway network from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) on March 25, 2025. Announcement • Mar 17
Tidewater Midstream and Infrastructure Ltd., Annual General Meeting, May 27, 2025 Tidewater Midstream and Infrastructure Ltd., Annual General Meeting, May 27, 2025. Announcement • Jan 08
Tidewater Midstream and Infrastructure Ltd. Announces Retirement of Gail Yester as Board of Directors Tidewater Midstream and Infrastructure Ltd. announced that Gail Yester has retired from the Corporation's board of directors, effective December 31, 2024. New Risk • Nov 17
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CA$355m Forecast net loss in 2 years: CA$3.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$140m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$3.2m net loss in 2 years). Market cap is less than US$100m (€37.7m market cap, or US$39.7m). Reported Earnings • Nov 17
Third quarter 2024 earnings released: CA$0.02 loss per share (vs CA$0.054 loss in 3Q 2023) Third quarter 2024 results: CA$0.02 loss per share (improved from CA$0.054 loss in 3Q 2023). Revenue: CA$377.7m (down 35% from 3Q 2023). Net loss: CA$7.30m (loss narrowed 68% from 3Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • Aug 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-CA$66m). Reported Earnings • Aug 16
Second quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.015 loss in 2Q 2023) Second quarter 2024 results: CA$0.01 loss per share (improved from CA$0.015 loss in 2Q 2023). Revenue: CA$461.3m (down 9.3% from 2Q 2023). Net loss: CA$4.70m (loss narrowed 27% from 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 37% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €0.36. The fair value is estimated to be €0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.4% in a year. Earnings are forecast to grow by 97% in the next year. New Risk • May 29
New major risk - Revenue and earnings growth Earnings have declined by 52% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$123m). Currently unprofitable and not forecast to become profitable next year (CA$130m net loss next year). Share price has been volatile over the past 3 months (8.4% average weekly change). Significant insider selling over the past 3 months (€127k sold). Recent Insider Transactions • May 20
Insider recently sold €51k worth of stock On the 16th of May, Jared Gurevitch sold around 126k shares on-market at roughly €0.41 per share. This transaction amounted to 81% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €194k more than they bought in the last 12 months. Reported Earnings • May 10
First quarter 2024 earnings released: CA$0.03 loss per share (vs CA$0.058 loss in 1Q 2023) First quarter 2024 results: CA$0.03 loss per share (improved from CA$0.058 loss in 1Q 2023). Revenue: CA$439.5m (down 28% from 1Q 2023). Net loss: CA$11.3m (loss narrowed 54% from 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. New Risk • Mar 22
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €93k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Announcement • Mar 19
Tidewater Midstream and Infrastructure Ltd., Annual General Meeting, May 29, 2024 Tidewater Midstream and Infrastructure Ltd., Annual General Meeting, May 29, 2024. Reported Earnings • Mar 14
Full year 2023 earnings released: CA$0.91 loss per share (vs CA$0.023 profit in FY 2022) Full year 2023 results: CA$0.91 loss per share (down from CA$0.023 profit in FY 2022). Revenue: CA$2.21b (down 23% from FY 2022). Net loss: CA$385.9m (down CA$394.4m from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 14
Now 21% overvalued Over the last 90 days, the stock has fallen 9.4% to €0.57. The fair value is estimated to be €0.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 14
Tidewater Midstream and Infrastructure Ltd. Provides Operating Guidance for the First Quarter of 2024 Tidewater Midstream and Infrastructure Ltd. provided operating guidance for the first quarter of 2024. For the quarter, throughout is expected to be 1,800 – 2,000 bbl/d, with the facility expected to operate reliably at design capacity going forward in 2024. Announcement • Mar 08
Tidewater Midstream and Infrastructure Ltd. Announces Executive Changes Tidewater Midstream and Infrastructure Ltd. announced the appointment of Mr. David Smith as an independent director of Tidewater. Mr. Smith has over 30 years of energy and financial experience, including as a founding shareholder and managing partner of Enterprise Capital, and has acted and continues to act as a director for other public and private companies. Tidewater would also like to announce the departure of Mr. Robert Colcleugh from Tidewater's Board. Tidewater's Board would like to thank Mr. Colcleugh for his contributions since joining Tidewater in 2017. Recent Insider Transactions • Jan 31
Director recently sold €67k worth of stock On the 24th of January, Robert Colcleugh sold around 100k shares on-market at roughly €0.67 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Nov 10
Tidewater Midstream and Infrastructure Ltd. and Tidewater Renewables Ltd. Appoints Robert Colcleugh as Chief Executive Officer Tidewater Midstream and Infrastructure Ltd. announced that on November 8, 2023, Mr. Robert Colcleugh was appointed Chief Executive officer of both Tidewater and Tidewater Renewables. Mr. Colcleugh joined Tidewater's board of directors in 2017 and has served as interim Chief Executive Officer since November 28, 2022. Reported Earnings • Nov 10
Third quarter 2023 earnings released: CA$0.05 loss per share (vs CA$0.05 loss in 3Q 2022) Third quarter 2023 results: CA$0.05 loss per share (in line with 3Q 2022). Revenue: CA$582.1m (down 18% from 3Q 2022). Net loss: CA$22.9m (loss widened 22% from 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Buying Opportunity • Nov 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be €0.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years, while earnings per share has been flat. Announcement • Sep 23
Tidewater Midstream and Infrastructure Ltd. Declares Dividend for the Third Quarter of 2023, Payable on or About October 31, 2023 Tidewater Midstream and Infrastructure Ltd. announce that its Board of Directors has declared a dividend for the third quarter 2023 of $0.01 per common share payable on or about October 31, 2023 to shareholders of record on September 29, 2023. The ex-dividend date is September 28, 2023. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). Announcement • Sep 01
AltaGas Ltd. (TSX:ALA) entered into a definitive agreement to acquire Pipestone Natural Gas Processing Plant, Natural Gas Storage Facility and assets from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) for CAD 650 million. AltaGas Ltd. (TSX:ALA) entered into a definitive agreement to acquire Pipestone Natural Gas Processing Plant, Natural Gas Storage Facility and assets from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) for CAD 650 million on August 30, 2023. Total consideration of CAD 650 million is comprised of CAD 325 million in cash and the issuance of 12.5 million AltaGas common shares to Tidewater, priced at $26.07, based on AltaGas’ The transaction is expected to be five percent EPS accretive in 2025 forward while being 0.1x net debt to normalized EBITDA credit accretive in 2025 forward. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close prior to 2023 year-end. RBC Capital Markets are acting as financial advisors and Burnet Duckworth & Palmer LLP are acting as legal advisors to AltaGas on the transaction. Reported Earnings • Aug 11
Second quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.047 profit in 2Q 2022) Second quarter 2023 results: CA$0.02 loss per share (down from CA$0.047 profit in 2Q 2022). Revenue: CA$508.7m (down 36% from 2Q 2022). Net loss: CA$6.40m (down 140% from profit in 2Q 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Chairman Tom Dea was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 23
Tidewater Announces Second Quarter 2023 Dividend, Payable on or About July 31, 2023 Tidewater Midstream and Infrastructure Ltd. announce that its Board of Directors has declared a dividend for the second quarter 2023 of $0.01 per common share payable on or about July 31, 2023 to shareholders of record on June 30, 2023. The ex-dividend date is June 29, 2023. Reported Earnings • May 12
First quarter 2023 earnings released: CA$0.06 loss per share (vs CA$0.12 profit in 1Q 2022) First quarter 2023 results: CA$0.06 loss per share (down from CA$0.12 profit in 1Q 2022). Revenue: CA$614.5m (down 6.7% from 1Q 2022). Net loss: CA$24.8m (down 160% from profit in 1Q 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 12
An unknown buyer acquired Certain Non-core Assets of Tidewater Midstream and Infrastructure Ltd. An unknown buyer acquired Certain Non-core Assets of Tidewater Midstream and Infrastructure Ltd. during the first quarter of 2023.An unknown buyer completed the acquisition of Certain Non-core Assets of Tidewater Midstream and Infrastructure Ltd. during the first quarter of 2023. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: CA$0.02 (vs CA$0.21 in FY 2021) Full year 2022 results: EPS: CA$0.02 (down from CA$0.21 in FY 2021). Revenue: CA$2.88b (up 69% from FY 2021). Net income: CA$8.50m (down 88% from FY 2021). Profit margin: 0.3% (down from 4.2% in FY 2021). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: CA$0.05 loss per share (vs CA$0.005 profit in 3Q 2021) Third quarter 2022 results: CA$0.05 loss per share (down from CA$0.005 profit in 3Q 2021). Revenue: CA$712.1m (up 64% from 3Q 2021). Net loss: CA$18.8m (down CA$20.6m from profit in 3Q 2021). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2022 earnings released: CA$0.05 loss per share (vs CA$0.005 profit in 3Q 2021) Third quarter 2022 results: CA$0.05 loss per share (down from CA$0.005 profit in 3Q 2021). Revenue: CA$712.1m (up 64% from 3Q 2021). Net loss: CA$18.8m (down CA$20.6m from profit in 3Q 2021). Revenue is expected to fall by 16% p.a. on average during the next 2 years compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: CA$0.05 (vs CA$0.19 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.05 (down from CA$0.19 in 2Q 2021). Revenue: CA$793.6m (up 115% from 2Q 2021). Net income: CA$16.1m (down 75% from 2Q 2021). Profit margin: 2.0% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 18% compared to a 43% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €1.02, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 30% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.025 in 1Q 2021) First quarter 2022 results: EPS: CA$0.12 (up from CA$0.025 in 1Q 2021). Revenue: CA$658.4m (up 83% from 1Q 2021). Net income: CA$41.2m (up 391% from 1Q 2021). Profit margin: 6.3% (up from 2.3% in 1Q 2021). Over the next year, revenue is expected to shrink by 32% compared to a 59% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$0.21 (up from CA$0.10 loss in FY 2020). Revenue: CA$1.70b (up 73% from FY 2020). Net income: CA$71.5m (up CA$105.3m from FY 2020). Profit margin: 4.2% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 15%. Over the next year, revenue is expected to shrink by 25% compared to a 61% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 16
Chief Commercial Officer of Midstream recently sold €171k worth of stock On the 9th of December, Reed McDonnell sold around 195k shares on-market at roughly €0.88 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €290k more than they bought in the last 12 months. Recent Insider Transactions • Dec 08
Chief Commercial Officer of Midstream recently sold €120k worth of stock On the 3rd of December, Reed McDonnell sold around 140k shares on-market at roughly €0.86 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €119k more than they bought in the last 12 months. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS CA$0.01 (vs CA$0.006 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$434.0m (up 59% from 3Q 2020). Net income: CA$1.80m (up CA$3.78m from 3Q 2020). Profit margin: 0.4% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS CA$0.19 (vs CA$0.001 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$369.8m (up 107% from 2Q 2020). Net income: CA$64.3m (up CA$64.6m from 2Q 2020). Profit margin: 17% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.12 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$360.0m (up 43% from 1Q 2020). Net income: CA$8.40m (up CA$48.0m from 1Q 2020). Profit margin: 2.3% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 13
Full year 2020 earnings released: CA$0.10 loss per share (vs CA$0.042 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: CA$979.4m (up 42% from FY 2019). Net loss: CA$33.8m (loss widened 141% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 29%, compared to a 35% growth forecast for the Oil and Gas industry in Germany. Announcement • Mar 12
An unknown buyer acquired an unknown majority stake in Tidewater Logistics Ltd for CAD 6.5 million. An unknown buyer acquired an unknown majority stake in Tidewater Logistics Ltd for CAD 6.5 million on August 17, 2020.
An unknown buyer completed the acquisition of an unknown majority stake in Tidewater Logistics Ltd on August 17, 2020. Is New 90 Day High Low • Mar 03
New 90-day high: €0.65 The company is up 47% from its price of €0.44 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.10 per share. Is New 90 Day High Low • Feb 10
New 90-day high: €0.60 The company is up 37% from its price of €0.44 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.64 per share. Is New 90 Day High Low • Jan 20
New 90-day high: €0.57 The company is up 28% from its price of €0.45 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 49% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.52 per share. Is New 90 Day High Low • Jan 04
New 90-day high: €0.52 The company is up 9.0% from its price of €0.47 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.52 per share. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 13%, compared to a 9.7% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Nov 13
Third quarter 2020 earnings released: CA$0.01 loss per share The company reported a mediocre third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: CA$273.5m (up 86% from 3Q 2019). Net loss: CA$1.98m (down 118% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Nov 10
Tidewater Midstream and Infrastructure Ltd. to Report Q3, 2020 Results on Nov 12, 2020 Tidewater Midstream and Infrastructure Ltd. announced that they will report Q3, 2020 results at 11:00 AM, Mountain Standard Time on Nov 12, 2020 Is New 90 Day High Low • Nov 03
New 90-day low: €0.41 The company is down 18% from its price of €0.51 on 04 August 2020. The German market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 39% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.52 per share. Is New 90 Day High Low • Sep 22
New 90-day low: €0.44 The company is down 25% from its price of €0.58 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 59% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.49 per share. Announcement • Aug 09
Tidewater Midstream and Infrastructure Ltd. to Report Q2, 2020 Results on Aug 13, 2020 Tidewater Midstream and Infrastructure Ltd. announced that they will report Q2, 2020 results at 5:00 AM, Mountain Standard Time on Aug 13, 2020