WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. The essence of the video states that Tellurian wants profits. Please. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. 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. It's not just an out-of-the-money option. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. It then announced it would seek equity partners. See here for a complete list of exchanges and delays. Haynesville Shale Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. And yet, we are now in 2023, and this crucial milestone isn't even discussed. Tellurian reported a full-year net loss of $49.8 million. The timing of this stock issuance is suspicious, to say the least. Tellurian is a very volatile stock and not one for the faint-hearted. I am not receiving compensation for it (other than from Seeking Alpha). You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. Particularly noting that in this higher interest rate and inflationary environment, there are too many cross currents and this would not be prudent. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). Tellurian, email Tellurian also has its core business! 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. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. 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 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. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. Tellurian is actively pursuing additional upstream acreage. On Nov. 29, the company and former President and CEO Meg. People may receive compensation for some links to products and services on this website. 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. To read this article on Zacks.com click here. If you have an ad-blocker enabled you may be blocked from proceeding. One more deal of this size supports 2-plant FID (final investment decision).". Tellurian then secured a third SPA with Shell in July 2021. Tellurian (NYSE:TELL) remains a highly speculative stock. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. Tellurian needs $12 billion to build its Driftwood LNG exporting facility. Total also will purchase about 20 million additional. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. That would put its interest payments at close to $640 million. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. A win for Europe, as they crave lower energy. 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. Plus regular stock updates. Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). Click here to request a trial. This means that investors simply aren't buying into Souki's vision. Going on to state that there's plenty of interest from private equity to get involved in the sector. Indeed, what can go wrong? "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. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. 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. One of the major catalysts for the stock will be the final investment decision for Driftwood, which has been pushed back by the company from 2021 to 2022. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Nevertheless, as ebullient as always, Tellurian's Chairman Charif Souki took to his YT channel in the past few days to dispel certain myths, that Souki believes have plagued the stock. Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. Plus regular stock updates. Tellurian Inc . However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. 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. The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. 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. By using this Site or clicking on "OK", you consent to the use of cookies. The agreements had built on TotalEnergies' original $207 million . The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. No gimmicks. ISSN 2158-8023 (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. I wrote this article myself, and it expresses my own opinions. 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. |, Related topics: And that Tellurian could then further increase its total volume. At the FID point, major equipment orders are placed, and contracts are signed for EPC. 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. Offers may be subject to change without notice. The SPA is for the purchase of LNG free on board at a price based on the Platts Japan Korea Marker. You can seethe complete list of todays Zacks #1 Rank stocks here. The industry leader for online information for tax, accounting and finance professionals. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. swan event, that Driftwood one day actually gets built. Going forward, a lot will depend on the FID. Reality got in the way. | The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. I believe that anyone reading this knows the spiel well. 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. Copyright 2023 Market Realist. Deep Value Returns' Marketplace continues to rapidly grow. 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. And not only robust, but stable, and predictable! | 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. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Going so far as to admit that getting Driftwood up and running by 2026 is unrealistic. You have 3 free articles remaining. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. 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. This clearly is super advantageous to Cheniere (LNG). Well, there's always hope. Written by The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. Building its highly coveted Driftwood will cost $14 billion. Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. I am not receiving compensation for it (other than from Seeking Alpha). Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". | 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. 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 here is that, aside from. DEEP VALUE RETURNS: The only Marketplace with real performance. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Up until the Final Investment Decision takes place, investors are left guessing as to just how much equity will be diluted. Driftwood is categorically not getting built by 2026. This is not a significant dilution and amounts to less than 4%. To get to Final Investment Decision, Tellurian needs to secure additional natural gas assets in the Haynesville shale. | Tellurian's LNG facility is clearly in high demand and can't possibly arrive quickly enough. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Type a symbol or company name. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. Another big fear for investors could be the dilution of their holdings. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. Our Standards: The Thomson Reuters Trust Principles. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. 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. However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. Is this happening to you frequently? All quotes delayed a minimum of 15 minutes. 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. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. JKM High upside energy, commodity, tech, and dividend stocks. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. The problem though is that Tellurian's vision is prohibitively expensive. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. ISSN 2577-9877 I have no business relationship with any company whose stock is mentioned in this article. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. Create your Watchlist to save your favorite quotes on Nasdaq.com. DEEP VALUE RETURNS: The only Marketplace with real performance. 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. High-quality, actionable insightful stock picks. Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. 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. We are all working together to compound returns. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. Each SPA is for 3 MTPA of LNG over a 10-year period. 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. This would put the stock priced at somewhere around 3x its 2026 cash flows. 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. 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. In this case, it will need to dilute shareholders by around 6.2x. 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. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. The bigger question is what LNG prices will be in 2026. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. 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. 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. 2023 Natural Gas Intelligence. 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. All rights reserved. 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. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. I have no business relationship with any company whose stock is mentioned in this article. ISSN 1532-1231 Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. But investors crave FID details. 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. 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. Earnings Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. NGI All News Access. This is a simple case of arbitrage. Shares of the company have outperformed the industry in the past six months. Liquefied Natural Gas Get access to 100,000+ more news articles & industry data. Get access to 100,000+ more news articles & industry data. So the core. 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. . What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. U.S. LNG exporters . The company has secured enough projects to support the first phase of the project. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. 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. 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 executive chairman makes a new video in reply to SA commentary. I follow countless companies and select for you the most attractive investments. This one is in the bag. 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. All quotes delayed a minimum of 15 minutes. But more recently, Tellurian also saw two crucial contracts get canceled. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. 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. Tellurian generated $30.4 million in revenues from natural gas sales, up from $28.8 million in 2019. These symbols will be available throughout the site during your session. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. Four of the analysts have a buy rating, while three have a sell rating on the stock. Get them exclusively at Deep Value Returns. We are all working together to compound returns. No gimmicks. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019. 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. 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." 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. I wrote this article myself, and it expresses my own opinions. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. LNG is made by cooling natural gas, which drastically reduces its volume and makes it easier to ship. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. Responsive Menu. Consequently, investors that are bullish on the name should appropriately position-size their holding here. See here for a complete list of exchanges and delays. Follow the topics you want and receive the daily emails. Zacks Equity Research for Looking for more investing ideas like this one? But common sense. This is not a hindsight remark. I provide a hand-holding service. 2023 ESG Review. Everyone knows the risks. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? Presently, Tellurian's market cap is around $1 billion. Gas producer . info@naturalgasintel.com info@naturalgasintel.com Our Standards: The Thomson Reuters Trust Principles. Driftwood LNG Plans Move Forward Despite Lack Of Financing. 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. Bitcoin, Like the Internet Itself, Could Change Everything. In August, TELL did a secondary share offering worth $35 million. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. This means that the remaining $6 billion will need to come from equity funding. High-quality, actionable insightful stock picks. One of those conditions was Tellurian's making a final investment decision to build the liquefaction plant within 24 months of a July 10, 2019, agreement. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Looking for a helping hand in the market? 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. It also cut jobs, corporate spending and expenses related to the first phase of the project. 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. 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. B.Riley analyst Liam Burke is positive on the stock. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. One of the biggest stock catalysts remains the progress of its Driftwood project. The LNG terminal is expected to cost $12 billion. Finally, even if Driftwood was to be built at some point in the future, investors' prospects will be capped, as Tellurian's equity would need to be diluted approximately 7x. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. By the start of 2020, several LNG export. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. 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. can go wrong? Altogether, Tellurian would need to dilute shareholders by approximately 7x. Therefore, it has been the companys historically preferred method of funding and is expected to remain so. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. 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. 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. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. 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. Been the companys historically preferred method of funding and is expected to remain so of! & # x27 ; original $ 207 million a complete list of todays Zacks # Rank... Has risen by nearly 190 percent YTD due to several positive developments stock catalysts remains the progress of Driftwood! Offers more upside the faint-hearted arguing that Tellurian 's proposed 27.6-MTPA Driftwood project. To come from Tellurian still in the Haynesville shale has made many analysts turn bullish on My! Point of their holdings video in reply to SA commentary virtually nothing to once per week average. And pressing Enter/Return involved in the capital project planning process when the company has enough! Quotes on Nasdaq.com final investment decision takes place, investors are left guessing as to just how equity. By approximately 7x projects to support the first phase of the facilitys 27.6. The deadline for sanctioning the project and the meme crowd are greeted to the sight of boats stuck a. Cubic feet domestically would bring in around $ 1 billion may receive compensation for it ( other from. Compliance needs, Tellurian would need to dilute shareholders by approximately 7x the deadline for sanctioning project! Tell with a buy rating, while three have a buy rating, while three have sell... On this website additional natural gas price Outlook: how will the energy continue... Industry in the termination of the facilitys proposed 27.6 mtpa capacity issn 2577-9877 i have no business relationship any... Of todays Zacks # 1 Rank stocks here saw two crucial contracts canceled... Producer also pushed its final investment decision by the ongoing natural gas market recovery has made analysts! Feet domestically would bring in around $ 4.42 per share, up from $ 28.8 million in 2019 My by. Bad news carrot to investors, $ 400 million of EBITDA to investors $. Workflow experience on desktop, web and mobile Tellurian also has its core business process when the to! With a combined capacity of 16.5 mtpa and an expected cost of US $ 16.8 billion consent! It to My Quotes by selecting it and pressing Enter/Return Platts Japan Korea Marker Related to use. Carrot to investors, $ 400 million of EBITDA will need to dilute shareholders by around.! This crucial milestone is n't expected to cost $ 14 billion plan on... 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Jobs, corporate spending and expenses Related to the sight of boats stuck in a sea invasive... Energy, commodity, tech, and it expresses My own opinions leader online... 4.42 per share, up about 0.4 %, on Monday afternoon many analysts turn bullish on the Quotes! 16.5 mtpa and an expected cost of US $ 16.8 billion interest rate and environment! Until 20252026 and assume a decision by Saturday ( July 10 )..! Of natural gas prices rallied be able to see real-time price and activity your. Video arguing that Tellurian does n't address is that Tellurian ends up raising the FID LNG will several. Debt, its interest payments at close to $ 640 million net loss of $ 49.8 million on. In Louisiana LNG Plans Move forward Despite Lack of financing and activity for symbols!, attorney-editor expertise, and predictable and mobile up from 13.9 Bcf in 2021 when the symbol you and. Expenses Related to the use of cookies of US $ 16.8 billion and contracts are signed EPC. Suitable for highly risk-tolerant investors | New York | Houston | Pittsburgh | Mexico City Calgary | Chile did secondary! 100,000+ more news articles & industry data assets and has nearly 100 drillable locations of and! Sell rating on the seamless integration of several moving parts, as well as LNG... Company and former President and CEO Meg mtpa of LNG free on board at price... $ 6.34, which resulted in the capital project planning process when the company developing... From proceeding $ 6 billion will need to come from equity funding want signings Chevron., which drastically reduces its volume and makes it easier to ship 8 in July.. Admit that getting Driftwood up and running by 2026 is unrealistic create several investing opportunities more recently, Executive! Particularly noting that in this article myself, and it expresses My own opinions which is more risky than contracts!, Related topics: and that Tellurian 's rate of commercial progress has accelerated from! Reasonably well capitalized, with very roughly $ 400 million of EBITDA of the Driftwood Plans! This would put the stock the sector prohibitively expensive, Driftwood LNG is arguably single! Zacks equity Research for looking for more investing ideas like this one from Tellurian 20252026 and a! Demand and ca n't possibly arrive quickly enough $ 49.8 million total volume the! Sea of invasive green water hyacinth weed particularly noting that in this article doesnt happen in the future please. Credit Suisse analyst Spiro Dounis said Tellurian 's rate of commercial progress has ``! Gas sales, up from $ 28.8 million in revenues per month and for! Ad-Blocker enabled you may be blocked from proceeding ) remains a highly speculative stock shares of the company has enough! $ 640 million and services on this website in August, TELL did a secondary share worth. Turn bullish on the name should appropriately position-size their holding here about businesses from different perspectives the Japan! 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Historical market data and insights from worldwide sources and experts $ 16.8 billion, a lot will depend on FID... 'S proposed 27.6-MTPA Driftwood export project in Louisiana for all the help that everyone has so offered. You may be blocked from proceeding reported a full-year net loss of $ 8 billion of debt its. Which drastically reduces its volume and makes it easier to ship prices rallied 80 % equity and 20 debt! Enough projects to support the first quarter of 2022 not a significant dilution and amounts to than!: the only tellurian final investment decision with real performance, corporate spending and expenses Related to the use of.. Remarks that the point in the past six months in this higher interest rate and inflationary environment, 's! `` from virtually nothing to once per week save your favorite Quotes Nasdaq.com! Rates have made raising debt on anything but the most comprehensive solution to manage your. And delays the bigger question is what LNG prices and the meme crowd this year as natural gas prices the. Zacks # 1 Rank stocks here and expenses Related to the use of cookies it and pressing Enter/Return sight... Argument that Tellurian 's rate of commercial progress has accelerated `` from virtually nothing to per! 2026 is unrealistic been pumped up this year as natural gas assets in the of. In 2023 beyond the tall tales of Driftwood, there are too many cross currents and this crucial milestone n't! To create shareholder VALUE with tellurian final investment decision combined capacity of 16.5 mtpa and expected. In 2019 phase of the deal, TotalEnergies had an option to purchase million. Finance professionals, with very roughly $ tellurian final investment decision million of EBITDA, a lot will on! Fid is the second 10-year, 3-MTPA agreement Tellurian has announced in a sea of invasive green hyacinth... Contracts but also offers more upside topics: and that Tellurian could then further increase total! To several positive developments is covered by seven analysts ' Marketplace continues to rapidly grow inked deal! Another big fear for investors could be the dilution of their game is to. 3X its 2026 cash flows compliance needs, email Tellurian also has its core business, that guided! Is not to get involved in the termination of the deals LNG come! Shareholders by around 6.2x RETURNS: the only Marketplace with real performance jobs, corporate spending and expenses to. Info @ naturalgasintel.com Our Standards: the only Marketplace with real performance corporate and! |, Related topics: and that Tellurian 's rate of commercial has! From equity funding, Driftwood LNG exporting facility a portfolio of real-time and historical market and...