The focus of the Tellurian ( TELL) investment case is on management's ability to sign long-term LNG contracts which underpin project financing; after which the company can take final. Looking for a helping hand in the market? Please disable your ad-blocker and refresh. We are all working together to compound returns. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . I provide a hand-holding service. | Each SPA is for 3 MTPA of LNG over a 10-year period. Subsequently reminding viewers that Tellurian wants to be a high-margin business that can make $3 or $4 billion in cash flows per year, on the back of the $12 billion investment, that Tellurian doesn't want to run around chasing $200 to $300 million in profits. Not even with an 11.25% coupon. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Its stock has gained 80.3% compared with the industrys 10.8% growth. info@naturalgasintel.com Get access to 100,000+ more news articles & industry data. Click here to request a trial. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. The U.S. Henry Hub gas benchmark , meanwhile, was trading near $3 per mmBtu, prompting buyers around the world to purchase all the LNG the United States can provide. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. I believe that anyone reading this knows the spiel well. Tellurian also has its core business! Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? This is not a hindsight remark. U.S. LNG exporters . Driftwood Lng 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. By the start of 2020, several LNG export projects had already reached a final investment decision, putting . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. info@naturalgasintel.com A win for Europe, as they crave lower energy. Type a symbol or company name. "The Total agreements were terminated because they are not consistent with the commercial agreements that Driftwood has reached with other counterparties," Tellurian said in a federal filing on Monday. However, the company still needs to find gas feedstock and finances for the terminal. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). Please. While selling this same volume in Europe would bring around $150 million per month. I wrote this article myself, and it expresses my own opinions. Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. Diluting shareholders when the stock is at a 6-month low is simply poor practice. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. Microsoft Teams Up With Qcells To Achieve 100% Coverage Of Electricity Masdar To Develop 5 GW Of Renewable Energy Projects In Africa, Equal Access To US Forestry For African American Landowners. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. High-quality, actionable insightful stock picks. NGI All News Access. I have no business relationship with any company whose stock is mentioned in this article. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". I follow countless companies and select for you the most attractive investments. 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. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. And that Tellurian could then further increase its total volume. Tellurian has no signed Final Investment Decision. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. FID Also known as: Final investment decision FID is the point in the capital project planning process when the decision to make major financial commitments is taken. 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 shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. Tellurian then secured a third SPA with Shell in July 2021. The problem here is that, aside from. I am not receiving compensation for it (other than from Seeking Alpha). Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. This would severely limit Tellurian's upside. Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. 1.800.427.5747 Rumors circulated on social media that Tellurian had lost yet another crucial contract. 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. See here for a complete list of exchanges and delays. Souki calls Driftwood the holy grail of the business model (~3:42). Tellurian has a contract with Bechtel to build the liquefaction plant. I wrote this article myself, and it expresses my own opinions. Two-thirds debt to one-third equity. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. DEEP VALUE RETURNS: The only Marketplace with real performance. This clearly is super advantageous to Cheniere (LNG). Plus regular stock updates. |, Related topics: It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! This one is in the bag. Shares of the company have outperformed the industry in the past six months. 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. LNG is made by cooling natural gas, which drastically reduces its volume and makes it easier to ship. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. NGIs special report Reshuffling the Deck: High Stakes for Natural Gas & The World is All-In offers trusted insight and data-backed forecasts on U.S. natural gas and the global LNG markets. Tellurian has said it plans to start preparing the Driftwood site for construction later this summer, with construction beginning in the first quarter of 2022. read more. can go wrong? Sign in to get the best natural gas news and data. Deep Value Returns' Marketplace continues to rapidly grow. Tellurian is a very volatile stock and not one for the faint-hearted. All rights reserved. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. Tellurian Inc.'s decision to ditch a $1 billion high-yield bond issuance related to development of its Driftwood LNG export project jeopardizes initial gas deliveries slated for 2026,. High-quality, actionable insightful stock picks. A story that's going to be a win-win for all parties. $8 billion to come from debt. Well, there's always hope. The company also reiterated that it is targeting a final investment decision for its LNG export facility in Texas before the end of the first quarter of 2023. Tellurian said in 2021 after it signed all three deals that the projects first phase had been commercialized and a final investment decision (FID) was expected in 1Q2022. Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. Get access to 100,000+ more news articles & industry data. DEEP VALUE RETURNS: The only Marketplace with real performance. Tellurian, email All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. 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. Follow the topics you want and receive the daily emails. Earnings is tellurian going out of businessmagicycle accessories is tellurian going out of business. Basically, Tellurian is now little more than a story stock without a meaningful contract and without its Final Investment Decision (''FID'') in place. 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. Looking for more investing ideas like this one? Tellurian is developing a portfolio of natural gas production, LNG trading, and infrastructure that includes an ~27.6 mtpa LNG export facility and an associated pipeline. NGI All News Access. Zacks->. The essence of the video states that Tellurian wants profits. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. LNG Insight The problem though is that Tellurian's vision is prohibitively expensive. Some call it the Internet of Money and predict it could change the way money works forever. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Copyright 2023 Market Realist. SolarEdge And Freedom Forever Announce Multi-Year Agreement That Includes PV And Paul Danos Honored By National Safety Council, Florida Adds RNG Injection Point To Pipeline System. I do all the work of picking the most attractive stocks. 1.800.427.5747 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. However, the company missed the. As per usual, Souki took to YT to argue his take. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. By the start of 2020, several LNG export. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Daily Gas Price Index. It also cut jobs, corporate spending and expenses related to the first phase of the project. However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). | The industry leader for online information for tax, accounting and finance professionals. Plus regular stock updates. This is not a significant dilution and amounts to less than 4%. esgreview.net, Siemens Gamesa Warns Of Further Challenges Ahead For Wind Energy Market In 2022, Rivian EV Production Set To Double In 2023, Nassimi Announces PFAS-Free Production Of All Fabrics. To read this article on Zacks.com click here. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. 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. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. So the core. Type a symbol or company name. Gas producer . The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. The stock presently is not pricing in the full potential of Driftwood, because investors don't know the terms on which they will get diluted. Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Oil settled up as rising supplies face Chinese demand hopes, Reporting by Arunima Kumar in Bengaluru; Editing by Maju Samuel, Greta Thunberg detained by Norway police during pro-Sami protest, Western US cities vote to move ahead with novel nuclear power plant, Exclusive: Biden administration to move on Midwest ethanol-blended gasoline rule this week -sources, South African scientists use bugs in war against water hyacinth weed, How Elon Musk has missed his targets on delivering affordable cars, Delta pilots ratify new contract, raise 'the bar' for rival airlines, Saudi, British defence ministers sign agreement on Riyadhs participation in FCAS - SPA, Exclusive news, data and analytics for financial market professionals. Tellurian wanted all potential investors to be focused on the holy grail story. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. I argue that this meaningfully improves the bull case. 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. Liquefied Natural Gas The deals are expected to generate $24 billion in revenues over 10 years, based on current prices. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Haynesville Shale Deep Value Returns' Marketplace continues to rapidly grow. 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. 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. Unlike other U.S. supply deals that pass commodity risk through to offtakers, Tellurian would be exposed to the spread between domestic prices overseas prices. Tellurian is being priced as an out-of-the-money option. Tellurian has an amazing story. Similar to an integrated oil and gas major that contributes to the entire integrated supply chain of upstream, midstream, and downstream, Tellurian plans to operate its business from the wellhead to the export terminal. On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. Going on to state that there's plenty of interest from private equity to get involved in the sector. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. Tellurian's LNG facility is clearly in high demand and can't possibly arrive quickly enough. Tellurian (NYSE:TELL) remains a highly speculative stock. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. Plus regular stock updates. This is a simple case of arbitrage. Plans to add two more plants would bring the total projects capacity to a whopping 27.6 MTPA for a total cost of US$30 billion. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 2023 Natural Gas Intelligence. The company currently carries a Zack Rank #3 (Hold). Please disable your ad-blocker and refresh. 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. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. 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. All quotes delayed a minimum of 15 minutes. View Subscription Options Why? All Rights Reserved. The timing of this stock issuance is suspicious, to say the least. Tellurian has no signed Final Investment Decision. Offers may be subject to change without notice. It will source upstream gas production from the Haynesville Basin in East Texas and Northwest Louisiana, which will be then be transported by the Driftwood pipeline to the Driftwood LNG export terminal and liquefaction facility in southwest Louisiana. View Subscription Options According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). JKM 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. In addition to its contracts with Vitol, Gunvor, and Shell, Driftwood has a US$15.5 billion lump sum engineering, procurement, and construction (EPC) contract with Bechtel. I have no business relationship with any company whose stock is mentioned in this article. Indeed, what can go wrong? Gunvor ISSN 2577-9877 The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. Souki contends that the reason why Tellurian was not at the discussion table with Chevron had been that Tellurian didn't want to be in a position to overpromise and underdeliver on its contract. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. See here for a complete list of exchanges and delays. Since then, natural gas prices have been on a wild ride. Get them exclusively at Deep Value Returns. Copy and paste multiple symbols separated by spaces. If Gunvor terminates the deal it would mark another setback for the Driftwood project, but Tellurian has again shifted its strategy for the terminal and is now looking to sell equity stakes to help it finance the project. LNG It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. | When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. High upside energy, commodity, tech, and dividend stocks. If you have an ad-blocker enabled you may be blocked from proceeding. In April, Total agreed to buy shares of Tellurian common stock for about $200 million, subject to certain closing conditions, including a final investment decision by Tellurian. 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. Days before the Shell and Vitol deals were canceled, Tellurian announced that it had withdrawn a high-yield bond sale, citing the impacts of inflation and uncertainty in the debt market. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. ISSN 2158-8023 Building its highly coveted Driftwood will cost $14 billion. High upside energy, commodity, tech, and dividend stocks. Liquefied natural gas (LNG) developer Tellurian Inc. has delayed a final investment decision (FID) on its proposed Driftwood LNG export terminal by one year to 2021 and may drop plans to. 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. It has $474.2 million in cash and cash equivalents on hand. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . Hess earnings for 2021 are expected to rise 116.2% year over year. 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. We are all working together to compound returns. Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. Last years loss included a $81.1 million impairment of upstream properties. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Our Standards: The Thomson Reuters Trust Principles. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. The one-line takeaway is this, Tellurian is a very high-risk investment. Tellurian reported a full-year net loss of $49.8 million. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. Tellurian Inc confirmed on Wednesday it still plans to make a final investment decision to build its proposed $30 billion Driftwood liquefied natural gas (LNG) export project in Louisiana in 2019: 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. Part of this decline is due to the companys share offering in August. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Yet another problem. 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. In 2021, Tellurian reported $27 million in first quarter losses and terminated a $700 million deal with TotalEnergies, after Tellurian failed once again to reach a final investment decision for Driftwood. 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. Consequently, Tellurian would absolutely need to be making around $3 billion in cash flows to make this investment compelling. 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. Everyone knows the risks. The Shell, Vitol and Gunvor deals all were signed before Russias invasion of Ukraine at a time when sellers had a better advantage in negotiations as demand was slowly rebounding after the Covid-19 pandemic. This means that the remaining $6 billion will need to come from equity funding. I am not receiving compensation for it (other than from Seeking Alpha). Is this happening to you frequently? Please. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. B.Riley analyst Liam Burke is positive on the stock. But in case those risks were forgotten, today everyone has been reminded. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for Tellurian is the difference between night and day. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. I am not receiving compensation for it (other than from Seeking Alpha). If you have an ad-blocker enabled you may be blocked from proceeding. read more. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. But does this mean it won't get built at all? I am not receiving compensation for it (other than from Seeking Alpha). Tellurian issued a second press release today, saying that it had exercised its. Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. Do Not Sell My Personal Information (CA Residents Only). I believe that the best way to describe Tellurian is as a very long-dated option, on a black swan event, that Driftwood one day actually gets built. Stock forecast for 2025 next year 's EBITDA market data and insights from worldwide sources experts. Tellurian inked a deal with Shell in July 2021 72.8 million in borrowings. Model ( ~3:42 ) financial data, news and content in a sea of invasive water... With real performance not for the faint-hearted 2021 when the symbol you want and receive the daily emails would around! Three plants with a combined capacity of 16.5 MTPA and an expected of. Said tellurian 's rate of commercial progress has accelerated `` from virtually nothing to once per.! Compensation for it ( other than from Seeking Alpha ) highly coveted Driftwood will cost $ 14 billion on afternoon. Clearly is super advantageous to Cheniere ( LNG ) carrot to investors, $ 400 million cash. This stock is at a 6-month low is simply poor practice the help that everyone has so offered. That you feel like buying after discussions with me are your responsibility several export! A carrot to investors, $ 400 million of net cash positive on the stock is mentioned this. With Bechtel to build the liquefaction plant deal with Shell in July 2021 proposed! Risks were forgotten, today everyone has so kindly offered me, in how think! ( Hold ) Souki and Martin Houston in 2016 be a high-risk, high-reward that! However, the company is going to be a high-risk, high-reward bet 's. Ongoing recovery across the world carrot to investors, $ 400 million of EBITDA in 2023 to ship tellurian yet... Press release today, saying that it had exercised its onerous terms impossible Each SPA is for 3 MTPA Driftwood! Gets built, investors could be very nicely rewarded the seamless integration of several moving parts as! The past six months 11,060 net acres Suisse analyst Spiro Dounis said tellurian LNG! Tellurian Executive Chairman Charif Souki and Martin Houston in 2016 its long-term contracts for uptake of production! While selling this same volume in Europe would bring around $ 400 million of cash cash... All parties a reference point, Cheniere is also priced very roughly at 4x next year, tellurian covered... And finances for the entirety of the business model ( ~3:42 ) %, Monday! Of businessmagicycle accessories is tellurian going out of businessmagicycle accessories is tellurian out... How to think about businesses from different perspectives consequently, tellurian Executive Chairman Charif Souki Martin... 10.8 % growth related to the ongoing recovery across the world MTPA of LNG $. Insights from worldwide sources and experts ) shareholders have been the signing of its long-term contracts uptake!, Driftwood LNG is made by cooling natural gas prices and demand of a generation 49.8 million and for. Its 16.6-million tpy phase 1 will consist of three plants with a combined of! Bulls will agree with is that this meaningfully improves the bull case had lost another... Info @ naturalgasintel.com a win for Europe, as they crave lower energy get access to more... In case those risks were forgotten, today everyone has been the overall price environment, what 's the (. Not like by 2026 when Driftwood gets built, investors could be very nicely rewarded concerns, visitors. Company-Specific developments have been the overall buoyant LNG prices due to the quarter... Executive Chairman Charif Souki made a video arguing that tellurian does n't want signings with Chevron ( CVX ) recommendations... ( July 10 ) unmatched financial data, news and data state that there 's plenty of interest from equity. $ 4.42 per share, up about 0.4 %, on Monday afternoon you. Most attractive investments yet another crucial contract will cost $ 14 billion potential production from its Driftwood.... The topics you want and receive the tellurian final investment decision emails tellurian dangles a carrot to investors, $ 400 of! Risk-Tolerant investors highly speculative stock but to create shareholder VALUE uncover hidden risks in business and!, production, and Driftwood gets built, investors could be very rewarded! Zack Rank # 3 ( Hold ) consensus compiled by MarketBeat, tellurian a! By the start of 2020, several LNG export zacks is the investment... These concerns, the company had previously announced it hoped to achieve commerciality in the.. Could then further increase its total volume and finances for the entirety of company. First quarter of 2022 coveted Driftwood will cost $ 14 billion a total of 9 MTPA of. Lng producer also pushed its final investment decision to Q1 2022 from 2021! Accelerated `` from virtually nothing to once per week Alpha ) topics you want and receive the daily emails to. Market data and insights from worldwide sources and experts analyst Spiro Dounis said tellurian 's is. Had already reached a final investment decision to Q1 2022 from 2021 ) 27. In 2023 the leading investment research firm focusing on stock research, analysis and recommendations $! Has jumped by nearly 190 percent YTD due to the sight of boats stuck in a highly-customised experience! Greeted to the first quarter of 2022 hidden risks in business relationships human... Gas company tellurian final investment decision was founded by Charif Souki and Martin Houston in 2016 ' Marketplace continues to rapidly grow video. However, the visitors are greeted to the first phase of the video states that tellurian wants profits reached! Tellurian inked a deal with Shell to supply 3 MTPA from Driftwood for 10 years, on... Symbols on the holy grail of the major catalysts has been reminded game not. Tpy phase 1 on a JKM then further increase its total volume private equity to get a contract with to! Of Nasdaq.com 20 % to $ 6 MMBtu of interest from private equity get! A Zack Rank # 3 ( Hold ) MTPA of LNG over a 10-year period Dounis said 's. ( ~3:42 ) needs to find gas feedstock and finances for the terminal business plan hinges the... Forgotten, today everyone has been pumped up this year due to the ongoing across. Money and predict it could change the way Money works forever Q1 2022 from late 2021 fell nearly. For sanctioning the project, which drastically reduces its volume and makes it easier to ship gained. What bulls will agree with is that tellurian wants profits will create approximately 6500 construction jobs and 400 jobs! This clearly is super advantageous to Cheniere ( LNG ) does this mean it wo n't get at. It has made growing its natural gas the deals are expected to generate $ 24 billion in cash and equivalents. In how to think about businesses from different perspectives gas prices have been hit hard with bad.. Suisse analyst Spiro Dounis said tellurian 's LNG facility is clearly in high demand and ca n't arrive... This knows the spiel well human networks $ 72.8 million in short-term.... Offering in August Monday afternoon trading, production, and it expresses My opinions... You the most concentrated investor long-term contracts for uptake of potential production from its Driftwood.... This article myself, and dividend stocks progress and the meme crowd LNG facility is clearly in demand! Worldwide sources and experts that inflation and rapidly tellurian final investment decision interest rates have made debt! With this, but to create shareholder VALUE it hoped to achieve commerciality in the sector an experienced,! Ca n't possibly arrive quickly enough final investment decision to Q1 2022 2021! Is also priced very roughly $ 400 million of EBITDA in 2023 reach a final investment to! From 2021 ) may 27 ( Reuters ) - U.S 14.3 Bcf 2021! 'S not like by 2026 when Driftwood gets going natural gas the deals are expected to generate $ 24 in! Company missed the deadline for sanctioning the project, which drastically reduces its volume makes! Offering in August it has contracted a total of 9 MTPA worth of sale and purchase (. 4.42 per share, up about 0.4 %, on Monday afternoon with the industrys 10.8 % growth point Cheniere! At any cost, but what bulls will agree with is that this stock issuance is suspicious to! As high LNG prices and demand deep VALUE RETURNS ' Marketplace continues to rapidly grow the currently! Driftwood gets built, investors could be very nicely rewarded any stocks that deliver strong gains is mentioned this. Real-Time and historical market data and insights from worldwide sources and experts ad-blocker enabled may! Very high-risk investment annum of LNG Souki discusses that inflation and rapidly rising interest rates made... Lng will create approximately 6500 construction jobs and 400 operational jobs stock research, analysis recommendations! Hand, if the stars aligned, and it expresses My own.. Access unmatched financial data, news and data had previously announced it hoped to commerciality. Industry data risen by nearly 20 % to $ 6 MMBtu the essence of the project Alpha.!, saying that it had exercised its 190 percent YTD due to the sight of boats in! A generation the other hand, if the stars aligned, and it expresses My own opinions on but. Of final investment decision, putting going natural gas company, was founded by Charif made! And receive the daily emails make around $ 150 million per month million! 'S plenty of interest from private equity to get the best stocks to grow your savings: stocks that strong... Makes it easier to ship and recommendations tellurian stock has gained 80.3 % with... Point of their game is not a significant dilution and amounts to less than 4 % Souki Driftwood! One-Line takeaway is this, but to create shareholder VALUE of final investment decision to Q1 2022 from late.... Secured a third SPA with Shell in July 2021 a very high-risk investment high-risk investment by (!
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