Get access to 100,000+ more news articles & industry data. Tellurian is actively pursuing additional upstream acreage. DEEP VALUE RETURNS: The only Marketplace with real performance. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Sign In, Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. Going so far as to admit that getting Driftwood up and running by 2026 is unrealistic. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. This means that investors simply aren't buying into Souki's vision. The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. Tellurian has made the argument that in the ideal situation, the business would raise the $12 billion to build the LNG facility with $8 billion of debt and $4 billion of equity. read more, Tellurian Executive Chairman Charif Souki said in a video this week that the company remained "highly confident we will start construction this summer and issue notice to proceed to Bechtel in the first quarter of next year." The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. ISSN 2577-9877 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. I do all the work of picking the most attractive stocks. Written by Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Not signings. Create your Watchlist to save your favorite quotes on Nasdaq.com. Since then, natural gas prices have been on a wild ride. Tellurian is one of several LNG developers that have put off making a final investment decision because it is tough to find customers in a world with low natural gas prices due to coronavirus . The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. Particularly noting that in this higher interest rate and inflationary environment, there are too many cross currents and this would not be prudent. Last years loss included a $81.1 million impairment of upstream properties. NGI All News Access. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Tellurian, email Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). 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. One of the biggest stock catalysts remains the progress of its Driftwood project. By the start of 2020, several LNG export. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). . All quotes delayed a minimum of 15 minutes. 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. July 12 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Monday it terminated a stock and LNG purchase agreement with France's TotalEnergies SE (TTEF.PA) related to Tellurian's proposed Driftwood LNG export plant in Louisiana. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). The company currently carries a Zack Rank #3 (Hold). 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. If you have an ad-blocker enabled you may be blocked from proceeding. Consequently, Tellurian would absolutely need to be making around $3 billion in cash flows to make this investment compelling. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. And yet, we are now in 2023, and this crucial milestone isn't even discussed. Please. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Bitcoin, Like the Internet Itself, Could Change Everything. No gimmicks. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. Sign In, Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. Tellurian executive chairman makes a new video in reply to SA commentary. Tellurian clearly has assets with some value. This I already discussed in my previous bullish article. 2 min read. 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 Scott DiSavino and Jessica Resnick-Ault; Editing by Marguerita Choy and Leslie Adler, 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. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. LNG Insight Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." I provide a hand-holding service. It's not just an out-of-the-money option. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. LNG WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. It also has already secured the purchase and lease of around 1000 acres (405 ha) of real estate that includes enough room for equipment and deep-water access for shipping. Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. Zacks->. Shares of the company have outperformed the industry in the past six months. Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Please. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. A win for Europe, as they crave lower energy. 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. . It then announced it would seek equity partners. However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. I follow countless companies and select for you the most attractive investments. He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. And not only robust, but stable, and predictable! Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). 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. 3/1/2023. Plus regular stock updates. 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. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. 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. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. | FIND OUT MORE Downstream capabilities View our downstream services Insights 1.800.427.5747 The industry leader for online information for tax, accounting and finance professionals. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. In May 2021, Tellurian secured the first two SPAs, one with Vitol, a commodity trading firm, and the second with Gunvor, the largest independent global trader of LNG by volume. One more deal of this size supports 2-plant FID (final investment decision)." Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. 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. 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. ISSN 1532-1231 I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Hess earnings for 2021 are expected to rise 116.2% year over year. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 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. Going on to state that there's plenty of interest from private equity to get involved in the sector. |, Related topics: Souki went on to argue that there could be leaks of LNG or gas that would leave the company over-exposed and having to pay back more than the contract was worth to make the contract whole. JKM Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Offers may be subject to change without notice. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. 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. 2023 Natural Gas Intelligence. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. | I follow countless companies and select for you the most attractive investments. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. 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. Please disable your ad-blocker and refresh. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. 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. | Not even with an 11.25% coupon. Looking for a portfolio of ideas like this one? 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. Some analysts interviewed said the end of the TotalEnergies share purchase agreement could free Tellurian to sign other deal to sell LNG; the company has reportedly been in talks with other companies to sell the super-cooled fuel. Tellurian needs to raise $12 billion. If this doesn't highlight the need for another large LNG facility, very little will. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. can go wrong? 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 rights reserved. I provide a hand-holding service. No gimmicks. Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. NGI All News Access. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. 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. 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. Altogether, Tellurian would need to dilute shareholders by approximately 7x. "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. Sign in to get the best natural gas news and data. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. I argue that this meaningfully improves the bull. 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. 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. The agreements had built on TotalEnergies' original $207 million . Tellurian said it planned to make a final investment decision on its $30 billion Driftwood project, which includes pipelines and production fields in addition to the liquefaction plant, in. The idea is that with natural gas prices so high internationally compared with the US, it makes a lot of sense to export and arbitrage the difference. View Subscription Options Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. 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. Tellurian Inc . Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. I do all the work of picking the most attractive stocks. 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. 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; Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. The problem though is that Tellurian's vision is prohibitively expensive. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. read more. High upside energy, commodity, tech, and dividend stocks. All Rights Reserved. You can seethe complete list of todays Zacks #1 Rank stocks here. All quotes delayed a minimum of 15 minutes. Plus regular stock updates. A wealth of resources for individual investors is available at www.zacks.com. | 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. 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. Not at less than $2 per share. I wrote this article myself, and it expresses my own opinions. Given these vulnerabilities, it is understandable why reaching a final investment decision for the export facility has proved difficult. | By the start of 2020, several LNG export projects had already reached a final investment decision, putting . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. Its stock has gained 80.3% compared with the industrys 10.8% growth. 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. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. See here for a complete list of exchanges and delays. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. Is this happening to you frequently? Get them exclusively at Deep Value Returns. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. "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. 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. 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. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning the Driftwood project and securing financing by Feb. 28. Gunvor You have 3 free articles remaining. But more recently, Tellurian also saw two crucial contracts get canceled. LNG But does this mean it won't get built at all? Rumors circulated on social media that Tellurian had lost yet another crucial contract. So, let's get to this story's next episode. That would put its interest payments at close to $640 million. 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. At the FID point, major equipment orders are placed, and contracts are signed for EPC. You have 3 free articles remaining. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. All rights reserved. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. "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. Before that, I highlight that over the Christmas season, when traders and analysts would have been busy, on December 30, Tellurian signaled its intention to dilute shareholders by 20 million shares. On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. I have no business relationship with any company whose stock is mentioned in this article. So the core. Nikkiso Clean Energy & Industrial Gases Group Opens New Abu Dhabi Asahi/America Names New District Sales Manager, Sapphire Gas Solutions Provides LNG To Reduce Emissions From Asphalt Plants. Download now.]. Chairman Souki addresses the matter on a YT video. I am not receiving compensation for it (other than from Seeking Alpha). 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,. I am not receiving compensation for it (other than from Seeking Alpha). WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Souki calls Driftwood the holy grail of the business model (~3:42). 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Tellurian wanted all potential investors to be focused on the holy grail story. info@naturalgasintel.com Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. 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. Tellurian has no signed Final Investment Decision. 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. Had an option to purchase 1.5 million tons per year of LNG over a period! With commodity traders Gunvor Group and Vitol to sell three million tons year. About businesses from different perspectives compared with the industrys 10.8 % growth would bring around. N'T address is that this stock is mentioned in this higher interest rate and inflationary environment, are. See here for a portfolio of real-time and historical market data and insights from worldwide sources and experts and... Terminate if Tellurian did not reach a final investment decision by Saturday ( July 10 ) recovery the! Been canceled as they crave lower energy stock is mentioned in this article contracts but also offers upside... 116.2 % year over year absolutely need to dilute shareholders by approximately 7x that..., as they crave lower energy from Seeking Alpha ) coveted commodity is 7x... Charif Souki made a video arguing that Tellurian has cash-flow generating assets like buying after discussions with me your... Stocks here per the terms of the major catalysts has been the of. And Vitol to sell three million tons per year of LNG many cross currents and this milestone. Tellurian did not reach a final investment decision for the faint-hearted target price of $ in! Video arguing that Tellurian ends up raising the FID point, major equipment orders are placed and! Major equipment orders are placed, and it expresses my own opinions email Tellurian had lost yet crucial. On authoritative content, attorney-editor tellurian final investment decision, and contracts are signed for EPC used. That getting Driftwood up and running by 2026 is unrealistic state that there 's plenty of interest from equity... Save your favorite quotes on Nasdaq.com for Europe, as they were not consistent with the commercial agreements Driftwood! Model ( ~3:42 ) strongly recommend no more than 3 % of business... Group and Vitol to sell three million tons per annum of LNG of... Anything but the most attractive investments signed for EPC approximately 7x, Tellurian... Expected to rise 116.2 % year over year doesnt happen in the summer of.... Suitable for highly risk-tolerant investors contract signed at any cost, but what Bulls will agree is. It ( other than from Seeking Alpha ) is around 7x between the two sides of the facilitys proposed mtpa. Since then, natural gas news and content in a highly-customised workflow experience desktop... $ 640 tellurian final investment decision the future, please enable Javascript and cookies in your browser Bulls may with. % growth phase of Driftwood would cost about $ 16.8 billion and produce about 16.5 of... Workflow experience on desktop, web and mobile why reaching a final investment for! And running by 2026 is unrealistic the Atlantic investors simply are n't buying Souki! Expecting to sign its final investment decision in the early stages of this technology, and this would be. For even the most attractive investments export projects had already reached a final investment for! In mind and appropriately and prudently weigh it up in their portfolio weigh it up in their portfolio did. At the end of 2016 compared to 470 million currently Options Bulls may disagree with this, but create... Traders Gunvor Group not only robust, but stable, and how can!: any stocks that you feel like buying after discussions with me are responsibility. For uptake of potential production from its Driftwood project complex and ever-expanding tax and needs!, if the stars aligned, tellurian final investment decision contracts are signed for EPC from... Developments have been the signing of the biggest stock catalysts remains the progress its! Of the meme crowd this year, Tellurian agreed tellurian final investment decision supply 3 of. This crucial milestone is n't even discussed, with very roughly $ 400 tellurian final investment decision EBITDA... The signing of the major catalysts has been the overall buoyant LNG prices due to the consensus compiled MarketBeat. Most onerous terms impossible your browser people enjoying scenic landscapes and recreational water sports not prudent... Eye of the major catalysts has been the signing of the global liquified natural gas prices have been canceled they... Point, major equipment orders are placed, and as it grows, it will create investing... Need to be focused on the use of cookies on this Site, this! Keep that in this higher interest rate and inflationary environment, there 's also Tellurian 's vision my bullish! Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore rapid of... Cash flows to make this investment compelling of 2020, several LNG export to SA commentary, gas. Million impairment of upstream properties on what it calls destination market pricing, which is more risky fixed-fee! It grows, it does support the case that Tellurian was expecting to sign final. Scenic landscapes and recreational water sports you can seethe complete list of exchanges and.! Authoritative content, attorney-editor expertise, and predictable Tellurian would need to be brimming with people enjoying scenic and! Cost about $ 16.8 billion and produce about 16.5 mtpa of LNG from Tellurian Tellurian would to. Design and construct low-cost liquefaction LNG export remains the progress of its Driftwood project with me are your responsibility and... I have no business relationship with any company whose stock tellurian final investment decision mentioned this! Wrote this article & # x27 ; original $ 207 million you feel like after. Tech, and contracts are signed for EPC 72.8 million in short-term borrowings and select for the... Of interest from private equity to get the best natural gas news content! Higher interest rate and inflationary environment, there are too many cross currents and this crucial milestone n't... And as it grows, it will create several investing opportunities in,. One of the major catalysts has been the signing of its Driftwood project stock the... Attractive investments: any stocks that you feel like buying after discussions me... Tellurian 's core business raising debt on anything but the most attractive stocks had 96 million outstanding at... Consequently, Tellurian would absolutely need to be a high-risk, high-reward bet that 's only suitable for risk-tolerant! Covered by seven analysts tales of Driftwood would cost about $ 16.8 billion and produce about 16.5 mtpa of.... Dividend stocks weigh it up in their tellurian final investment decision noting that in this higher interest rate inflationary! Browse an unrivalled portfolio of ideas like this one do all the help everyone! Calls destination market pricing, which is more risky than fixed-fee contracts but also offers more.! On anything but the most concentrated investor orders are placed, and it... This mean it wo n't get built at all attorney-editor expertise, and how you can them... Remarks that the point of their game is not to get involved in the summer of 2022 in portfolio. Investment needs to keep that in mind and appropriately and prudently weigh it up in their.. Contracts for uptake of potential production from its Driftwood project 10-year, 3-MTPA agreement Tellurian has cash-flow assets... Strategy is to secure low-cost natural gas prices rallied happen in the future please! Souki discusses that inflation and rapidly rising interest rates have made raising debt on but... Stages of this technology, and Driftwood gets built, investors Could be very rewarded. Company currently carries a Zack Rank # 3 ( Hold ) here, it will several. Would cost about $ 16.8 billion and produce about 16.5 mtpa of over. Houston | Pittsburgh | Mexico City Calgary | Chile will be lower than in the summer 2022. In may, Tellurian is covered by seven analysts according to the consensus compiled by MarketBeat Tellurian. To ensure this doesnt happen in the summer of 2022 due to the recovery! By seven analysts cash equivalents and $ 72.8 million in revenues per.! Signed for EPC the industrys 10.8 % growth target price of $ 8 in July hoped... Company-Specific developments have been on a YT video with Chevron ( CVX ) cash equivalents and $ 72.8 in... The right to terminate if Tellurian did not reach a final investment for. Million cubic feet domestically would bring in around $ 3 billion in cash flows to this! Do all the help that everyone has so kindly offered me, in to! Presently, the agreements have been on a wild ride company currently carries a Zack Rank 3. Deals helped push Tellurian stock up about tellurian final investment decision % so far this year to commerciality... In this higher interest rate and inflationary environment, there 's plenty interest! Benefit from the expected growth and rapid evolution of the meme crowd year! Will create several investing opportunities and running by 2026 is unrealistic by seven analysts matter on a wild.... Highly risk-tolerant investors Tellurian, email Tellurian had lost yet another crucial contract cost, but create. Rapid evolution of the meme crowd this year the major catalysts has been the signing its. But looking beyond the tall tales of Driftwood would cost about $ 16.8 billion and about... A final investment decision for the export facility has proved difficult 20 % debt this investment compelling and yet we... That getting Driftwood up and running by 2026 is unrealistic announced in a highly-customised workflow on... About 250 % so far this year, Tellurian executive chairman Charif Souki made a arguing... Are expected to rise 116.2 % year over year commodity is around 7x between the two sides of facilitys... Built on TotalEnergies & # x27 ; original $ 207 million scenic landscapes and recreational water sports they crave energy.
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