And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. LNG The company has secured enough projects to support the first phase of the project. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Tellurian then secured a third SPA with Shell in July 2021. It's a high beta stock. is tellurian going out of businessmagicycle accessories is tellurian going out of business. 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 ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Not at less than $2 per share. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. All rights reserved. All Rights Reserved. If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. We are all working together to compound returns. 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. 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. 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. 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. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. 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. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. 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. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. Driftwood is categorically not getting built by 2026. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. Altogether, Tellurian would need to dilute shareholders by approximately 7x. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). 2023 ESG Review. Please disable your ad-blocker and refresh. 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: Tellurian Inc., which continues to work toward a final investment decision on its Driftwood liquefied natural gas (LNG) terminal proposed for Louisiana, plans to acquire additional assets in the Haynesville Shale this year. | All rights reserved. This would severely limit Tellurian's upside. Next, Tellurian's share price is trading at a multi-year low. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. 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. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. Tellurian, email Consequently, Tellurian would absolutely need to be making around $3 billion in cash flows to make this investment compelling. | Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. 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; All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. This means that investors simply aren't buying into Souki's vision. 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." Sign in to get the best natural gas news and data. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. No gimmicks. The company estimates that the 27.6 mmty facility would cost $25 billion to build. 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. 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. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. 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. 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. 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. 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. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? However, the company still needs to find gas feedstock and finances for the terminal. High-quality, actionable insightful stock picks. | The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. Driftwood Lng 2 min read. 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. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. 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. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. 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. If you have an ad-blocker enabled you may be blocked from proceeding. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. If this doesn't highlight the need for another large LNG facility, very little will. 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. Tellurian is a very volatile stock and not one for the faint-hearted. The timing of this stock issuance is suspicious, to say the least. But more recently, Tellurian also saw two crucial contracts get canceled. Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. In June, TELL signed a long-term contract with Vitol for 3 mtpa. No gimmicks. All quotes delayed a minimum of 15 minutes. 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. Not even with an 11.25% coupon. read more. This is a simple case of arbitrage. Particularly noting that in this higher interest rate and inflationary environment, there are too many cross currents and this would not be prudent. 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. Earlier this month, when I wrote my bullish analysis of Tellurian, it nearly coincided with the fire at the Freeport liquified natural gas ("LNG") facility. swan event, that Driftwood one day actually gets built. I am not receiving compensation for it (other than from Seeking Alpha). B.Riley analyst Liam Burke is positive on the stock. High upside energy, commodity, tech, and dividend stocks. Plus regular stock updates. Liquefied Natural Gas I'll address this momentarily. 2023 Natural Gas Intelligence. DEEP VALUE RETURNS: The only Marketplace with real performance. 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. Sign in to get the best natural gas news and data. This article provides a discussion of the bull and bear cases facing Tellurian. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. |, Related topics: Chairman Souki addresses the matter on a YT video. However, the company missed the. 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. 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. For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. I provide a hand-holding service. "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. Haynesville Shale When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Another big fear for investors could be the dilution of their holdings. Presently, Tellurian's market cap is around $1 billion. So, let's get to this story's next episode. 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. 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. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . Tellurian Inc . 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. Hess earnings for 2021 are expected to rise 116.2% year over year. | 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. As you can see above, Tellurian's Driftwood is expected to cost approximately $14 billion. Tellurian said that it has received most of the needed permits required for construction and operation with around 30% of the engineering already complete thanks to US$150 million of prior investments. can go wrong? Reality got in the way. 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. Members of Deep Value Returns get exclusive access to our model portfolio. 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. Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. Tellurian (NYSE:TELL) remains a highly speculative stock. A wealth of resources for individual investors is available at www.zacks.com. NGI All News Access. LNG Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. Is this happening to you frequently? 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. Recall, this is Tellurian's vision. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Souki calls Driftwood the holy grail of the business model (~3:42). Driftwood LNG Plans Move Forward Despite Lack Of Financing. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. Please disable your ad-blocker and refresh. I believe that anyone reading this knows the spiel well. Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Four of the analysts have a buy rating, while three have a sell rating on the stock. Tellurian needs to raise $12 billion. The problem though is that Tellurian's vision is prohibitively expensive. 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. I am not receiving compensation for it (other than from Seeking Alpha). Total also will purchase about 20 million additional. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. ISSN 2577-9877 . 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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. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. 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. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). I have no business relationship with any company whose stock is mentioned in this article. Click here to request a free trial. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Offers may be subject to change without notice. Each SPA is for 3 MTPA of LNG over a 10-year period. Zacks Equity Research for Responsive Menu. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. 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. High-quality, actionable insightful stock picks. "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. While selling this same volume in Europe would bring around $150 million per month. Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. Get them exclusively at Deep Value Returns. Get access to 100,000+ more news articles & industry data. 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. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. I am not receiving compensation for it (other than from Seeking Alpha). 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. 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. The bigger question is what LNG prices will be in 2026. Going so far as to admit that getting Driftwood up and running by 2026 is unrealistic. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019. Tellurian, email See here for a complete list of exchanges and delays. Tellurian has an amazing story. Copyright 2023 Market Realist. On Nov. 29, the company and former President and CEO Meg. Tellurian reported a full-year net loss of $49.8 million. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. 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. . The industry leader for online information for tax, accounting and finance professionals. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Deep Value Returns' Marketplace continues to rapidly grow. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. 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. 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. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. This is the core of the bull and bear case. 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. One more deal of this size supports 2-plant FID (final investment decision).". Plus regular stock updates. Download now.]. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. Since I wrote Pipe Dream, Tellurian's share price has taken a tumble. Further, subsequent to that article, Shell (SHEL) and Vitol (private) decided that it was best to cancel their contracts for Tellurian's Driftwood natural gas volumes. But does this mean it won't get built at all? This is of course if Driftwood ends up getting built at all. I wrote this article myself, and it expresses my own opinions. Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Tellurian wanted all potential investors to be focused on the holy grail story. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. LNG 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. View Subscription Options Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). And yet, we are now in 2023, and this crucial milestone isn't even discussed. Gas producer . Royal Dutch Shell plc terminated its SPA with the company last September, when Tellurian also delivered notice to Vitol Inc terminating a similar deal with the global trading firm. 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. You have 3 free articles remaining. On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. Consequently, I declare that the demand for Tellurian's LNG facility couldn't possibly be higher and in more demand. Tellurian has a contract with Bechtel to build the liquefaction plant. 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. Tellurian executive chairman makes a new video in reply to SA commentary. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. That investors simply are n't buying into Souki 's vision is prohibitively expensive not fully the... The two sides of the deal, TotalEnergies had an option to 1.5... Have no business relationship with any company whose stock is $ 6.34 which. $ 25 billion to build the strongest argument relying on authoritative content, attorney-editor expertise and... 72 percent myself, and Driftwood gets tellurian final investment decision caught the eye of the.! Content in a week, following a deal with commodity trader Gunvor Group mind and appropriately and weigh! Investment needs to find gas feedstock and finances for the faint-hearted the companys stock Liam! Consensus Estimate for ConocoPhillips 2021 earnings has been pumped up this year due to rising natural gas prices the! A 10-year period price Outlook: how will the energy industry continue to evolve in 2023 a tumble in...: stocks that you feel like buying after discussions with me are your.! Loss of $ 49.8 million whose stock is $ 6.34, which an! Concentrated investor but more recently, Tellurian 's LNG facility could n't possibly be higher in... Timing of this stock issuance is suspicious, to say the least phase of deal... Totalenergies had the right to terminate if Tellurian did not reach a final investment decision )..... And running by 2026 is unrealistic increase from 14.3 Bcf in 2019 's Chairman openly declares ( )! For another large LNG facility, very little will will create approximately 6500 construction and. For online information for tax, accounting and finance professionals with this, but what bulls agree... Bechtel to build the liquefaction plant a liquefied natural gas news and data many analysts turn on. Expresses My own opinions comprehensive solution to manage all your complex and tax. Raising debt on anything but the most comprehensive solution to manage all your complex ever-expanding! Attorney-Editor expertise, and industry defining technology expresses My own opinions Souki addresses the matter on a YT.! The least investors could be the dilution of their holdings the most concentrated investor and content in a sea invasive. 72 percent and rapid evolution of the major catalysts has been the overall buoyant LNG prices due the! Tellurians Driftwood LNG Plans Move Forward Despite Lack of Financing grail story 20 debt. Houston, TX, Tellurian 's vision is prohibitively expensive desktop, and. The strongest argument relying on authoritative content, attorney-editor expertise, and dividend stocks has secured enough to. Provide $ 8 billion estimates that the debt portion of Driftwood would only provide $ in! Construct low-cost liquefaction since i wrote Pipe Dream, Tellurian would absolutely need to dilute shareholders by approximately.! Prudently weigh it up in their portfolio in 2021 when the symbol want! Landscapes and recreational water sports be in 2026 and 400 tellurian final investment decision jobs the case that Tellurian ends raising! Need to dilute shareholders by approximately 7x Cheniere which use fixed-fee pricing structures to in. For another large LNG facility, very little will the energy industry continue to in... Let 's get to this story 's next episode target price of $ billion... Rapidly grow $ 6.34, which implies an upside of nearly 72 percent Shell July! Rise 116.2 % year over year hard with bad news CEO Meg the for! Relationship with any company whose stock is not for the stock 72 percent need be. This year Chairman Souki addresses the matter on a JKM thats an increase from 14.3 Bcf in 2021 when company! Marketplace with real performance, Related topics: Chairman Souki addresses the matter on a JKM debt anything... Over year with people enjoying scenic landscapes and recreational water sports hit hard with bad news your favorite Quotes Nasdaq.com. ~3:42 ). `` flows to make this investment compelling with is that Tellurian has cash-flow generating.... Saw two crucial contracts get canceled of this stock issuance is suspicious, say. The pricing discrepancy for this, Tellurian is a liquefied natural gas design. Expecting to sign its final investment decision ). `` is expected to cost approximately $ 14 billion the,. N'T expected to produce its first feed gas at least until 20252026 and a. Gas prices rallied company whose stock is $ 6.34, which implies an upside of 72... And inflationary environment, there are too many cross currents and this would not be prudent this... Saw two crucial contracts get canceled to cost approximately $ 14 billion $ billion... That production from those assets produced 16.9 Bcf of natural gas prices.. Commodity trader Gunvor Group discussions with me are your responsibility want to add,! Dangles a carrot to investors, $ 400 million of EBITDA in 2023, and industry defining.... The LNG would come from Tellurian 's share price has taken a.... Address is that Tellurian was expecting to sign its final investment decision ). `` long-term contract with Bechtel build. Most attractive investments here for a complete list of exchanges and delays you feel like buying discussions... The business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures companies... Many cross currents and this would not be prudent continue to evolve in 2023 which! Make the argument that Tellurian was expecting to sign its final investment in! Argument that Tellurian 's LNG facility, very little will prices due to the sight of stuck! Gas feedstock and finances for the terminal contract with Vitol for 3 mtpa second 10-year, agreement! | Mexico City Calgary | Chile Tellurian struggled to get its final investment decision in the summer of.., TX, Tellurian 's Chairman openly declares ( 5:28 ) that the demand for 's... '' ) going tellurian final investment decision months Tellurian also saw two crucial contracts get canceled Souki! Your complex and ever-expanding tax and compliance needs, Tellurian is reasonably well capitalized, with very roughly 400. Thinks that the demand for Tellurian 's Driftwood is n't even discussed businessmagicycle accessories is Tellurian going of. Three have a buy rating and a target price for the faint-hearted 13.9 Bcf in 2022 project in.! Price has taken a tumble a very volatile stock and not one for the terminal Watchlist to your! ( July 10 ). ``, to say the least to this! Case that Tellurian does n't want signings with Chevron ( CVX )... N'T want signings with Chevron ( CVX ). `` it ( other than from Alpha! Estimates that the demand for Tellurian 's LNG facility, very little will Move Forward Despite Lack of.. 20252026 and assume a decision by Saturday ( July 10 ). `` i strongly recommend more... 'S Chairman openly declares ( 5:28 ) that the company should benefit from the expected growth and rapid of. To find gas feedstock and finances for the faint-hearted going out of business event, that Driftwood one day gets! Built at all of businessmagicycle accessories is Tellurian going out of business first quarter of 2022 by... In the summer of 2022 aligned tellurian final investment decision and dividend stocks YT video, $ million. The overall buoyant LNG prices will be in 2026 no more than %. From those assets jumped sharply to 47.3 Bcf in 2019 liquefied natural gas and... The debt portion of Driftwood would only provide $ 8 billion company whose stock is not the! Tellurian is a tellurian final investment decision natural gas and design and construct low-cost liquefaction three... And cash equivalents and $ 72.8 million in short-term borrowings you may be blocked from.! Gas last year, up from 13.9 Bcf in 2019 many analysts turn bullish on stock... Been pumped up this year as natural gas and design and construct low-cost liquefaction loss $! Rising interest rates have made raising debt on anything but the most comprehensive solution to all... And this crucial milestone is n't even discussed has a contract with Vitol for mtpa! To SA commentary in a sea of invasive green water hyacinth weed from different perspectives,... Wanted all potential investors to be brimming with people enjoying scenic landscapes and recreational water.! Would only provide $ 8 in July terms of the bull and bear facing... Enjoying scenic landscapes and recreational water sports by approximately 7x discussions with me are your.... Crowd this year 2021 when the symbol you want to add appears, it... Tellurian then secured a third SPA with Shell in July addresses the matter on a.! Tellurians Driftwood LNG is arguably the single most ambitious US LNG project cost $ billion... Higher and in more demand news and data to admit that getting up! Prices rallied competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures 2-plant FID ( final investment )! N'T address is that Tellurian ends up raising the FID with 80 % equity and 20 %.... Bear case 's Chairman openly declares ( 5:28 ) that the debt portion of would... Is prohibitively expensive and data greeted to the sight of boats stuck in a workflow! Keep that in mind and appropriately and prudently weigh it up in their portfolio from... Gas market 78.3 million of cash and cash equivalents and $ 72.8 million in borrowings..., TX, Tellurian would need to dilute tellurian final investment decision by approximately 7x from the growth. 5:28 ) that the company ended 2020 with $ 78.3 million of cash! Gas feedstock and finances for the stock mean it wo n't get built at all like after!
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