Tidewater selling Sylvan Lake gas processing facility to Parallax for $5.5M
The company says the facility is a non-core asset located in central Alberta.
Proceeds from the sale are expected to be used to repay debt.
Tidewater chief executive Jeremy Baines says the sale represents another milestone for the company as it looks to optimize its asset portfolio and improve financial flexibility.
The sale is expected to have an immaterial impact on Tidewater's 2025 operating results.
The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals.
This report by The Canadian Press was first published July 3, 2025.
Companies in this story: (TSX:TWM)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
28 minutes ago
- Hamilton Spectator
Altus Group to Release Q2 2025 Financial Results on August 7
TORONTO, July 08, 2025 (GLOBE NEWSWIRE) — Altus Group Limited (ʺAltus Group' or 'the Company') (TSX: AIF) announced today it plans to release its financial results for the second quarter ended June 30, 2025 after market close on Thursday, August 7, 2025. Altus Group's management team will host a conference call at 5:00 p.m. (ET) the same day to discuss the results. Analysts who wish to ask questions during the call can participate by telephone at 1-888-660-6785 (conference ID: 8366990). A live and archived webcast of the call with be available on the Investor Relations section of the Company's website at: . About Altus Group Altus connects data, analytics, applications and expertise to deliver the intelligence necessary to drive optimal CRE performance. The industry's top leaders rely on our market-leading solutions and expertise to power performance and mitigate risk. Our global team of ~2,000 experts are making a lasting impact on an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities. For more information about Altus (TSX: AIF) please visit . FOR FURTHER INFORMATION PLEASE CONTACT: Martin Miasko Sr. Director, Investor Relations and Strategy, Altus Group (647)-267-9176
Yahoo
an hour ago
- Yahoo
Barrick Mining (TSX:ABX) Advances Tanzanian Partnership With US$30M Education Investment
Barrick Mining has formed a new partnership with the Tanzanian government, emphasizing long-term investment and community development, which may have influenced investor sentiment. Over the last quarter, Barrick's share price rose 18%, outpacing the market's 13% increase over the past year, despite broader uncertainties such as new tariff rates and fluctuating commodity prices. Additionally, the company's improved financial performance, with significant earnings and net income growth, alongside operational enhancements and community initiatives in Tanzania, likely reinforced investor confidence. The market's flat performance in recent days did not overshadow the company's strong quarterly performance. We've discovered 1 warning sign for Barrick Mining that you should be aware of before investing here. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The new partnership between Barrick Mining and the Tanzanian government has potential long-term implications for the company's revenue and earnings forecasts. By focusing on community development and investment, Barrick may enhance its production capabilities and financial stability, leading to improved investor sentiment. Over the long term, Barrick's total return, including share price and dividends, was 44.37% over the past three years, providing context to its short-term share price movements. While Barrick's performance exceeded the Canadian market's 19.3% return over the last year, it underperformed compared to the larger industry's 33.7% gain. The investments in Lumwana and Reko Diq aim to expand gold and copper reserves, potentially driving future revenue growth and improving earnings forecasts. The share price, currently at CA$26.14, remains below the consensus price target of CA$35.15. Achieving this target would require continued positive performance and overcoming existing geopolitical and operational challenges, which could alter the company's financial trajectories. Review our historical performance report to gain insights into Barrick Mining's track record. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:ABX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Dye & Durham stock jumps after shareholder calls for company sale
-- Dye & Durham Ltd (TSX:DND) stock rose 5.5% after major shareholder Plantro Ltd. requisitioned a special meeting to replace three board members and push for a sale of the company. Plantro, which owns approximately 11% of Dye & Durham, nominated three new directors and called for the removal of Board Chair Arnaud Ajdler and two other directors. The shareholder claims the current board has overseen the destruction of nearly $1 billion in shareholder value since December 2024. In its requisition, Plantro argued that remaining public "is no longer a viable option" for Dye & Durham and that "a full sale of the company is the only way to realize a control premium for current shareholders and restore stability in the business." The activist shareholder alleges the current board, influenced by what it calls the "Engine Activist Group" consisting of Engine Capital, EdgePoint Wealth Management, and OneMove Capital, has pursued a strategy of customer price cuts and overspending that has led to declining adjusted EBITDA, reduced cash flow, and rising debt. According to Plantro, the board has rejected multiple acquisition offers, including a $25 per share all-cash offer before the current board took control, Plantro's own $20 per share offer in February 2025, and reportedly an approximately $20 per share offer from Advent International in April 2025. Plantro's nominees include Brian J. Bidulka, former CFO of Research in Motion; David Danziger, a finance leader and corporate director; and Martha Vallance, former Chief Operating Officer of Dye & Durham. If elected, these nominees intend to "immediately pursue a well-governed and thoughtful process to sell the Company without delay to the buyer willing to pay the highest price." Related articles Dye & Durham stock jumps after shareholder calls for company sale TMC shares dip as Iceberg Research rebuts Ives upgrade Jefferies downgrades MP Materials as China eases rare earth restrictions
