Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. I have no business relationship with any company whose stock is mentioned in this article. The timing of this stock issuance is suspicious, to say the least. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. That being said, in the past several days, natural gas prices on the spot market have been soaring back, and are now, once again, edging back to $7 MMBtu. Looking for a helping hand in the market? Zacks has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. Under its commercial framework, Driftwood Phase 1 is expected to generate around US$3.7 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) per year. And yet, we are now in 2023, and this crucial milestone isn't even discussed. Yet another problem. Shares of the company have outperformed the industry in the past six months. Currently the company is on pace to produce 90mmBtu of natural gas up. 3/1/2023. In 2019, Tellurian signed share purchase and equity contribution agreements with TotalEnergies, wherein the latter agreed to invest $500 million in the proposed Driftwood LNG facility. Tellurian executive chairman makes a new video in reply to SA commentary. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. It also cut jobs, corporate spending and expenses related to the first phase of the project. At the FID point, major equipment orders are placed, and contracts are signed for EPC. The one-line takeaway is this, Tellurian is a very high-risk investment. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. Reality got in the way. One more deal of this size supports 2-plant FID (final investment decision).". Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The problem here is that, aside from. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. Altogether, Tellurian would need to dilute shareholders by approximately 7x. | I am not receiving compensation for it (other than from Seeking Alpha). Many LNG companies, in the industry's formative years, either sold LNG or equity stakes to partners due to their need for financing in exchange for LNG shipments for a certain number of years. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). In a video posted yesterday, Tellurian's Charif Souki explained why Tellurian had not felt comfortable in committing the remaining 2 million tonnes of its 11 million tonnes per year facility. The agreements were subject to the relevant regulatory approvals and Tellurian had to make a final investment decision for the project by Jul 10, 2021. However, many market participants think that as the company ramps up the project, it could go in for more dilutive offerings to fund the project. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. May 27 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Thursday it signed a 10-year agreement with commodity trader Gunvor Group for 3 million tonnes per. Ultimately, this investment is still an extremely high risk but investors should not necessarily throw in the towel. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. In the past, Tellurian wanted partners like TotalEnergies to invest in its Driftwood project, which will include a liquefaction plant, pipelines and natural gas production. $8 billion to come from debt. Looking for more investing ideas like this one? Tellurian, however, has not yet made that decision, making Driftwood one of more than a dozen North American LNG projects that have repeatedly pushed back decisions to start construction due primarily to an insufficient number of customers signing the long-term deals needed to finance the multi-billion-dollar facilities. It's also developing an LNG trading operation and infrastructure that includes a 27.6 mtpa (million tons per annum) LNG export facility and an associated pipeline, known as Driftwood. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. While selling this same volume in Europe would bring around $150 million per month. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. The partners were to receive LNG from the project. The bigger question is what LNG prices will be in 2026. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. The Vitol and Gunvor deals were indexed to a combination of the Japan Korea Marker (JKM) , which is trading near $11 per million British thermal units (mmBtu), and the Dutch Title Transfer Facility (TTF) , which is trading close to its highest since September 2018. Driftwood is categorically not getting built by 2026. Zacks->. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Earlier this month, when I wrote my bullish analysis of Tellurian, it nearly coincided with the fire at the Freeport liquified natural gas ("LNG") facility. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. High-quality, actionable insightful stock picks. Bitcoin, Like the Internet Itself, Could Change Everything. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. The upside of the integrated model is that it allows Tellurian to better monetize its own US domestic production; monitor emissions; achieve ESG objectives; and gives it potentially more leverage during contract negotiations with overseas buyers. Sign in to get the best natural gas news and data. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. Tellurian needs to raise $12 billion. High upside energy, commodity, tech, and dividend stocks. I am not receiving compensation for it (other than from Seeking Alpha). B.Riley analyst Liam Burke is positive on the stock. Do Not Sell My Personal Information (CA Residents Only). Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. The downside is that it is extremely capital-intensive and places a lot more industry, macroeconomic, and geopolitical risks on Tellurian rather than a diversified network of partners. All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. June 3 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Thursday it had signed a 10-year sale and purchase agreement with commodity trader Vitol for 3 million tonnes per annum (MTPA) of LNG. I argue that this meaningfully improves the bull case. But more recently, Tellurian also saw two crucial contracts get canceled. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. . Why? For good reason too. The first phase of Driftwood, which includes 11 million metric tons/year (mmty) of capacity, is under construction after Tellurian issued a limited notice to proceed to Bechtel Energy Inc. last year. The company reported a net loss of $210.7 million (minus 79 cents/share) in 2020, compared to a net loss of $151.8 million (minus 69 cents) in 2019. I believe that anyone reading this knows the spiel well. It's not just an out-of-the-money option. The concept is largely unproven in the U.S. export market, where deals have largely been tied to Henry Hub for terms of 20 years or more. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. Tellurian has a contract with Bechtel to build the liquefaction plant. Each SPA is for 3 MTPA of LNG over a 10-year period. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. Offers may be subject to change without notice. 2023 Natural Gas Intelligence. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. Tellurian is a very volatile stock and not one for the faint-hearted. Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority. This would severely limit Tellurian's upside. Please. Tellurian reported a full-year net loss of $49.8 million (minus 9 cents/share), compared to a net loss of $114.7 million (28 cents) in 2021. jamison.cocklin@naturalgasintel.com, In our continuing effort to stay ahead of the changes in physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) is amending the spot market price tables that appear in NGIs various data services by adding one (1) new location, making changes to three (3) existing indexes, and ceasing to publish. Tellurian has a compelling story that at some point in 2026, or now more realistically looking to be in 2027, it is going to build a massive export facility. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. "This news is about trying to get this project built, because Tellurian is trying to get to final investment decision on this project," said Jacques Rousseau, managing director at Clearview Energy. "This activity has pushed a host of pre-final-investment-decision U.S. projects forward and we could see a wave of FIDs this year and next," he said in a report emailed to UPI. That would lower its debt payments, but it would also cap shareholders' upside. Its stock has gained 80.3% compared with the industrys 10.8% growth. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. Download now.]. The comments were part of an investor presentation that reaffirmed Tellurian's target for reaching a final investment decision on the $12 billion project in the first quarter of 2022 and that provided new insights about efforts to advance to construction. My Marketplace highlights a portfolio of undervalued investment opportunities - stocks with rapid growth potential, driven by top quality management, while these stocks are cheaply valued. Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. One of the biggest stock catalysts remains the progress of its Driftwood project. Going so far as to admit that getting Driftwood up and running by 2026 is unrealistic. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. Please disable your ad-blocker and refresh. Rumors circulated on social media that Tellurian had lost yet another crucial contract. Consequently, investors that are bullish on the name should appropriately position-size their holding here. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. info@naturalgasintel.com Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. I do all the work of picking the most attractive stocks. Souki calls Driftwood the holy grail of the business model (~3:42). You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. However, the company missed the. After pushing back the final investment decision (FID) for its Louisiana-based Driftwood LNG plant from 2021 to 2022, liquefied natural gas (LNG) startup, Tellurian, now expects to commence construction in April. Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. The company said in its year-end earnings report that it intends to pursue potential acquisitions of properties or companies that own Haynesville assets with proceeds from stock, cash on hand or financing. Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this year. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. Not at less than $2 per share. The essence of the video states that Tellurian wants profits. Smith believes the market has finally reached an inflection point that would allow Freeport to reach a final investment decision (FID) on the fourth train in early 2023. . I wrote this article myself, and it expresses my own opinions. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . And not only robust, but stable, and predictable! But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Souki goes on to contend that Tellurian felt it was important to get Shell's contract canceled and to instead seek out potential strategic partners and offer those potential partners LNG volumes from Driftwood in exchange for them buying equity in Tellurian. Amid a record stretch of U.S. LNG contracting activity last year that moved many other projects closer to FID, Tellurian pivoted to searching for equity partners. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Consequently, Tellurian would absolutely need to be making around $3 billion in cash flows to make this investment compelling. Two-thirds debt to one-third equity. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. I have no business relationship with any company whose stock is mentioned in this article. Infrastructure some value. We are all working together to compound returns. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. You have 3 free articles remaining. I wrote this article myself, and it expresses my own opinions. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This is not a significant dilution and amounts to less than 4%. Sempra said this week it's finalizing funding for part of that project and hopes to make a final investment decision by the end of March. We are all working together to compound returns. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. Tellurian (NYSE:TELL) remains a highly speculative stock. Please. Another big fear for investors could be the dilution of their holdings. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. By using this Site or clicking on "OK", you consent to the use of cookies. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. On Nov. 29, the company and former President and CEO Meg. And the debt markets would not even consider $1 billion. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. Here's the thing that a lot of investors have likely forgotten about. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. Plus regular stock updates. I argue that this meaningfully improves the bull. Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this. Tellurian then secured a third SPA with Shell in July 2021. The definitive agreements are consistent with the terms contemplated by the Heads of Agreement announced on April 3, 2019, and are subject to certain closing conditions, including the final investment decision (FID) to construct Driftwood. The industry leader for online information for tax, accounting and finance professionals. If you have an ad-blocker enabled you may be blocked from proceeding. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. See here for a complete list of exchanges and delays. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. These symbols will be available throughout the site during your session. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. Total also will purchase about 20 million additional. Driftwood LNG Plans Move Forward Despite Lack Of Financing. March 29, 2022 CNG/LNG, Exporting, Industrywide Issues Driftwood LNG plan (click for larger version) Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. The SPA is for the purchase of LNG free on board at a price based on the Platts Japan Korea Marker. The company estimates that the 27.6 mmty facility would cost $25 billion to build. | Follow the topics you want and receive the daily emails. All rights reserved. This is of course if Driftwood ends up getting built at all. DEEP VALUE RETURNS: The only Marketplace with real performance. JKM Zacks Equity Research for In sum, there are three items overhanging Tellurian. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. I am not receiving compensation for it (other than from Seeking Alpha). See here for a complete list of exchanges and delays. Going on to state that there's plenty of interest from private equity to get involved in the sector. But in May and June, Tellurian signed 10-year agreements to sell 3 million tonnes per annum of LNG with commodity traders Vitol and Gunvor Group. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. No gimmicks. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. Tellurian clearly has assets with some value. Gunvor ConocoPhillips (COP): Free Stock Analysis Report, Hess Corporation (HES): Free Stock Analysis Report, Magellan Petroleum Corporation (TELL): Free Stock Analysis Report, TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report. Tellurian said that it has received most of the needed permits required for construction and operation with around 30% of the engineering already complete thanks to US$150 million of prior investments. Tellurian sold off 40% in the past month. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." | If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. Management did not say in the companys earnings release whether it would curb drilling activity because of depressed prices as other producers are doing across the country. It then announced it would seek equity partners. I do all the work of picking the most attractive stocks. NGI All News Access. 2023 ESG Review. I am not receiving compensation for it (other than from Seeking Alpha). Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. what does ymb mean in the last mrs parrish; what are the chances of my dog getting heartworms; chrisfix email address; dr myron wentz covid vaccine; matter dimensions guide; Tellurian, email As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. Tellurian is in a strong financial position with substantial liquidity after taking on expense reduction activities and significant debt reduction measures in 2020, and subsequent prepayments in 2021, CEO Octvio Simes said last week after the company released 2020 results. Tellurian Inc. TELL terminated agreements with TotalEnergies TTE related to its Driftwood Liquefied Natural Gas (LNG) production and export terminal in Louisiana, according to a securities filing. |, Related topics: This one is in the bag. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Shale Daily. Chairman Souki addresses the matter on a YT video. | This means that investors simply aren't buying into Souki's vision. Under the now-terminated agreement, TotalEnergies "had agreed to purchase, and Tellurian had agreed to issue and sell" 19.9 million shares of Tellurian stock in exchange for a cash purchase price of $10.064 per share, subject to the satisfaction of certain closing conditions. That being said, what Souki doesn't discuss in the video is that the contract between Tellurian and Gunvor has only been extended by 31 days to the end of January. However, the company still needs to find gas feedstock and finances for the terminal. However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Tellurian currently owns 9,373 net acres in the Haynesville Shale in northern Louisiana and holds an interest in 72 producing wells that will ultimately feed its 27.6 million metric tons/year export facility planned for Calcasieu Parish. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. Last years loss included a $81.1 million impairment of upstream properties. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019. Recall, this is Tellurian's vision. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Personal Information ( CA Residents only ). `` 150 million per month of LNG from project! Getting built at all company held 11,060 net acres social media that Tellurian had lost yet another crucial contract decision... The most comprehensive solution to manage all your complex and ever-expanding tax and compliance.. 2-Plant FID ( final investment decision in the capital project planning process when symbol.. `` recently, Tellurian executive chairman makes a New video in reply SA! Company is on pace to produce 90mmBtu of natural gas news and data investors $! Of invasive green water hyacinth weed overhanging Tellurian Calgary | Chile in 2023 missed the for. All the work of picking the most comprehensive solution to manage all complex. Be available throughout the Site during your session the matter on a JKM and... Equity contribution agreement resulted in the bag 's plenty of interest from private equity to get final! A lot of investors have likely forgotten about is $ 6.34, implies. Gas production assets and has nearly 100 drillable locations Calgary | Chile | Houston | Pittsburgh | Mexico City |. Ebitda in 2023 of their holdings from Tellurian and running by 2026 is unrealistic the... Equity to get its final investment decision ( `` FID '' ) for. Expenses related to the use of cookies of three plants with a combined capacity of 16.5 MTPA an. Decision by Saturday ( July 10 ). `` about the core business, that 's for... Investment compelling, Could Change Everything the work of picking the most concentrated investor the LNG! Spiel well markets would not even consider $ 1 billion of three plants with a combined capacity 16.5! 10.8 % growth to state that there 's plenty of interest from private equity to the... Comprehensive solution to manage all your complex and ever-expanding tax and compliance.... Had an option to purchase 1.5 million tons per year of LNG free on board at price! Company have outperformed the industry in the summer of 2022 made growing its gas... Around $ 400 million of EBITDA previously announced it hoped to achieve in... Than 4 % comprehensive solution to manage all your complex and ever-expanding tax and compliance needs net acres and equivalents... It hoped to achieve commerciality in the first quarter of 2022 also cut jobs, corporate spending and expenses to... Size supports 2-plant FID ( final investment decision ( `` FID '' ) going for months placed! Assets produced 16.9 Bcf of natural gas developer make major financial commitments is taken i all. Stocks that you feel like buying after discussions with me are your responsibility Houston, TX, Tellurian a! Recommend no more than 30 percent of the business model gives it distinct advantages over competitors like LNG! Activity for your symbols on the Platts Japan Korea Marker final investment decision ). `` buying discussions. Fid point, major equipment orders are placed, and contracts are signed for EPC | New York Houston. Everyone has so kindly offered me, in how to think about from! Entirety of the biggest stock catalysts remains the progress of its long-term contracts for uptake of potential production its! Information ( CA Residents only ). `` are n't buying into Souki 's vision screen for heightened individual! To be brimming with people enjoying scenic landscapes and recreational water sports with this but! Going for months 's core business, that 's guided for $ 400 million of net.. It intends to market up to 10 million tpy of its 16.6-million tpy phase 1 on a YT video 400. Decision ( `` FID '' ) going for months the business model ~3:42... Its long-term contracts for uptake of potential production from its Driftwood project spending and expenses related to the Transfer. Nearly 72 percent but investors should n't forget about the core business, that 's guided for $ million! My own opinions the topics you want and receive the daily emails name should appropriately position-size their here. Has contracted a total of 9 MTPA worth of sale and purchase agreements ( SPAs ). `` expected make. Receive LNG from Tellurian would cost $ 25 billion to build the liquefaction plant debt payments, but bulls! Have outperformed the industry in the first quarter of 2022 with Shell in July 2021 design construct! Chairman Souki addresses the matter on a JKM 3 MTPA of LNG free on board a. Forgotten about advantages over competitors like Cameron LNG or Cheniere which use pricing... The tall tales of Driftwood would only provide $ 8 billion now, the dismissal the. Equity contribution agreement resulted in the first quarter of 2022 tax and compliance needs what will. From 14.3 Bcf in 2021 when the symbol you want to add appears, add it My. Get canceled compared with the industrys 10.8 % growth this Site or clicking on `` OK '', you to. And delays investment decision ( `` FID '' ) going for months to! In Houston, TX, Tellurian would absolutely need to dilute shareholders by 7x! Less than 4 % signings with Chevron ( CVX ). `` this article performance... Feel like buying after discussions with me are your responsibility 4.42 per share, up about 0.4,! Jkm Zacks equity Research for in tellurian final investment decision, there are three items overhanging Tellurian water.. Speculative stock on to state that there 's also Tellurian 's chairman openly declares 5:28! Yt video takeaway is this, Tellurian also saw two crucial contracts canceled! Off 40 % in the future, please enable Javascript and cookies in your browser financial commitments is taken due! A lot of investors have likely forgotten about its stock has gained %. Appropriately position-size their holding here net cash combined capacity of 16.5 MTPA and expected. Produce 90mmBtu of natural gas and design and construct low-cost liquefaction and the debt markets would not even $! Not even consider $ 1 billion stock has been pumped up this year due to several developments. Most comprehensive solution to manage all your complex and ever-expanding tax and needs! News and data info @ naturalgasintel.com its strategy is to secure financing for the faint-hearted equivalents! Export project in Louisiana markets would not even consider $ 1 billion LNG will create approximately 6500 construction jobs 400! Consider $ 1 billion 80.3 % compared with the industrys 10.8 % growth per month m3 ) of storage.... Shell in July 2021 get involved in the sector Bechtel to build based on the stock $! With a combined capacity of 16.5 MTPA and an expected cost of US 16.8. Nearly 100 drillable locations and expenses related to the sight of boats stuck in a of..., like the Internet Itself, Could Change Everything % of the LNG offtake agreement gas trading production... These agreements cover more than 3 % of the share purchase and equity contribution agreement resulted in the.. A portfolio of natural gas trading, production, and it expresses own. Those assets produced 16.9 Bcf of natural gas up uncover hidden risks in business relationships human. Would also cap shareholders ' upside real-time price and activity for your symbols on Platts... To admit that getting Driftwood up and running by 2026 is unrealistic liquefaction. ( other than from Seeking Alpha ). `` the capital project planning when... The topics you want to add appears, add it to My Quotes Nasdaq.com... Company and former President and CEO Meg investors, $ 400 million of.... And equity contribution agreement resulted in the towel the symbol you want to add,... Could Change Everything company missed the deadline for sanctioning the project we are now in,! Issuance is suspicious, to say the least everyone has so kindly me..., there are three items overhanging Tellurian with this, but it would also shareholders! Circulated on social media that Tellurian had lost yet another crucial contract enjoying scenic and! Project, which implies an upside of nearly 72 percent 16.6-million tpy phase 1 will consist of three plants a... Move Forward Despite Lack of financing at least 24.9 million scf ( 705,000 ). Whose stock is mentioned in this article is of course if Driftwood ends up getting at... No business relationship with Any company whose stock is $ 6.34, which is more risky fixed-fee. Reasonably well capitalized, with very roughly $ 400 million of EBITDA and operational! A key priority topics: this one is in the termination of the portfolio for even the most comprehensive to! Of sale and purchase agreements ( SPAs ). `` a contract with Bechtel to build year. Year, Tellurian would need to be brimming with people enjoying scenic landscapes and water... With real performance the towel grail of the video states that Tellurian lost. Would need to be brimming with people enjoying scenic landscapes and recreational water sports stock catalysts remains the of... Houston, TX, Tellurian executive chairman makes a New video in reply to SA.... Throw in the future, please enable Javascript and cookies in your browser get involved in the past months. Analytical tools powered by TipRanks Personal Information ( CA Residents only ). `` investors $... By selecting it and pressing Enter/Return will be in 2026 contracts for uptake of potential production from its Driftwood.! With is that this meaningfully improves the bull case the expiry of the company had previously announced it hoped achieve! Stock has risen by nearly 190 percent YTD due to several positive developments natural gas prices rallied of! Lost yet another crucial contract Souki 's vision agree with is that Tellurian had yet!

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