The Globe and Mail reports in its Tuesday, Nov. 19, edition that National Bank Financial analyst Patrick Kenny continues to rate Tidewater Midstream and Infrastructure "underperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kenny slashed his share target by 20 cents to 10 cents. Analysts on average target the shares at 36 cents. Mr. Kenny says in a note: "With its five-year offtake agreement with Cenovus expiring on Nov. 1, 2024, the company is now directly marketing diesel/gasoline volumes from the PGR and the HDRD, with the vast majority of nameplate capacity volumes for the remainder of 2024 sold forward while in the process of marketing volumes for 2025. Based on current market discounts being wider than at the time the Cenovus offtake agreement was entered, partly reflecting the oversupply of imported renewable diesel, the company expects to realize lower refining margins going forward pending government intervention to protect the competitiveness of domestic producers. As such, management has engaged in discussions with the Government of B.C. and Federal Government, while retaining external trade law counsel in preparation of filing a trade remedy complaint by year-end."