Tidewater: Pipeline Sale to Provide Protection

TransAlta | Submar

Tidewater: Pipeline Sale to Provide Protection

A deal to sell its Pioneer Pipeline will help insulate Calgary-based Tidewater Midstream and Infrastructure Ltd. from a “severe downturn” that’s afflicted the energy industry for the past three years, the company’s CEO said Thursday. The proposed $255-million sale by operator Tidewater and 50 per cent partner TransAlta Corp. of the 131-kilometre natural gas pipeline

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