Topic: How To Invest

Q: Pat, would you have any information on Tidewater Midstream and Infrastructure? I believe it’s in the business of transporting and storing natural gas liquids, etc. I’m looking for a stock I can stick in my sock drawer and maybe make money after a few years. Thanks.

Article Excerpt

A: Tidewater Midstream and Infrastructure Ltd., $1.32, symbol TWM on Toronto (Shares outstanding: 339.1 million; Market cap: $457.9 million; www.tidewatermidstream.com), purchases, sells and transports natural gas and natural gas liquids (NGLs) throughout North America and to overseas markets. Tidewater is also engaged in the acquisition and development of oil and gas infrastructure, including gas plants, pipelines, export terminals and storage facilities. The company first sold shares to the public and began trading on the TSX Venture Exchange on April 15, 2015, at $1.00 each. In November 2017, the shares moved to the main TSX Exchange. Tidewater’s assets include: Prince George Refinery: This is a 12,000 barrel-per-day light oil refinery that predominantly produces low-sulphur diesel and gasoline to supply the greater Prince George region of B.C. Pipestone Gas Plant: This has a designed capacity of 100 million cubic feet per day of sour natural gas. This asset includes two acid gas injection wells and a saltwater disposal. As well, it owns gas pipelines directly…