On September 2, before market open, Tidewater announced an agreement with an Intermediate producer to purchase an 80% working interest in a 7.1 km pipeline in the West Pembina region of Alberta for $8.4 million. The deal includes the extension of the producer's take-or-pay contract for an additional 12 months (to April 2018) with committed volumes of 50 mmcf/d. TWM also announced a 3Q15 dividend of $0.01 per common share; the ex-dividend date is September 28, 2015 and the dividend will be paid i ....
02 Sep 2015
ANNOUNCES STRATEGIC ACQUISITION, EXTENSION OF TAKE-OR-PAY CONTRACT AND 3Q15 DIVIDEND
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ANNOUNCES STRATEGIC ACQUISITION, EXTENSION OF TAKE-OR-PAY CONTRACT AND 3Q15 DIVIDEND
Tidewater Midstream & Infrastructure Ltd. (TWM:TSE) | 0 0 5.3% | Mkt Cap: 457.2m
- Published:
02 Sep 2015 -
Author:
Steven I. Paget -
Pages:
2
On September 2, before market open, Tidewater announced an agreement with an Intermediate producer to purchase an 80% working interest in a 7.1 km pipeline in the West Pembina region of Alberta for $8.4 million. The deal includes the extension of the producer's take-or-pay contract for an additional 12 months (to April 2018) with committed volumes of 50 mmcf/d. TWM also announced a 3Q15 dividend of $0.01 per common share; the ex-dividend date is September 28, 2015 and the dividend will be paid i ....