Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. Zacks->. 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 one is in the bag. Another big fear for investors could be the dilution of their holdings. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. 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. I provide a hand-holding service. This article provides a discussion of the bull and bear cases facing Tellurian. We are all working together to compound returns. If you have an ad-blocker enabled you may be blocked from proceeding. Is this happening to you frequently? Reality got in the way. You have 3 free articles remaining. Responsive Menu. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. 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. That would put its interest payments at close to $640 million. I have no business relationship with any company whose stock is mentioned in this article. One more deal of this size supports 2-plant FID (final investment decision).". There simply were no takers. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. On Nov. 29, the company and former President and CEO Meg. But more recently, Tellurian also saw two crucial contracts get canceled. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. Tellurian has a contract with Bechtel to build the liquefaction plant. 2023 Natural Gas Intelligence. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019. Is this happening to you frequently? | The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. Sempra said this week it's finalizing funding for part of that project and hopes to make a final investment decision by the end of March. 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: This means that investors simply aren't buying into Souki's vision. Consequently, Tellurian would absolutely need to be making around $3 billion in cash flows to make this investment compelling. I wrote this article myself, and it expresses my own opinions. I provide a hand-holding service. For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. Plus regular stock updates. To build Driftwood, a large, fully integrated LNG facility. I am not receiving compensation for it (other than from Seeking Alpha). See here for a complete list of exchanges and delays. Here's the thing that a lot of investors have likely forgotten about. People may receive compensation for some links to products and services on this website. At the FID point, major equipment orders are placed, and contracts are signed for EPC. 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. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. Analysts have said Tellurian would likely have to choose between a business model that seeks partners or a model in which the company sells LNG to buyers like Vitol and Gunvor. Total also will purchase about 20 million additional. All rights reserved. I am not receiving compensation for it (other than from Seeking Alpha). So the core. We are all working together to compound returns. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). The company currently carries a Zack Rank #3 (Hold). (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . 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. That those contracts are not what the business model is about. High-quality, actionable insightful stock picks. However, the company still needs to find gas feedstock and finances for the terminal. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. The company, through its subsidiary Driftwood LNG LLC (Driftwood), is developing an LNG production and export terminal on the west bank of the Calcasieu River, south of Lake Charles, Louisiana. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Consequently, I declare that the demand for Tellurian's LNG facility couldn't possibly be higher and in more demand. 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 is reasonably well capitalized, with very roughly $400 million of net cash. . The agreements had built on TotalEnergies' original $207 million . 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. Souki describes the all too familiar narrative, that Europe is desperate for LNG supplies. On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. All Rights Reserved. The problem here is that, aside from. As per usual, Souki took to YT to argue his take. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. No gimmicks. I wrote this article myself, and it expresses my own opinions. Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. Tellurian Inc. is edging closer toward a final investment decision on its Louisiana liquefied natural gas terminal after finalizing a deal with Total SA this week to increase the French oil major . Recall, this is Tellurian's vision. And that Tellurian could then further increase its total volume. The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. I follow countless companies and select for you the most attractive investments. However, the company missed the. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". For good reason too. Tellurian Inc. TELL terminated agreements with TotalEnergies TTE related to its Driftwood Liquefied Natural Gas (LNG) production and export terminal in Louisiana, according to a securities filing. The industry leader for online information for tax, accounting and finance professionals. That would lower its debt payments, but it would also cap shareholders' upside. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." Type a symbol or company name. 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. 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. 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. Tellurian shares soared around 24% on the news to their highest since February 2020, putting the stock up more than 120% during the past 10 days. Driftwood Lng Follow the topics you want and receive the daily emails. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. I argue that this meaningfully improves the bull case. 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. Type a symbol or company name. 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. Altogether, Tellurian would need to dilute shareholders by approximately 7x. Deep Value Returns' Marketplace continues to rapidly grow. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. LNG I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. See here for a complete list of exchanges and delays. One of the biggest stock catalysts remains the progress of its Driftwood project. I have no business relationship with any company whose stock is mentioned in this article. Part of this decline is due to the companys share offering in August. Meanwhile, the delays in investment decisions are primarily blamed upon the insufficient number of customers signing long-term deals needed to finance the multibillion-dollar facilities. A story that's going to be a win-win for all parties. It has $474.2 million in cash and cash equivalents on hand. 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 industry leader for online information for tax, accounting and finance professionals. Chairman Souki addresses the matter on a YT video. DEEP VALUE RETURNS: The only Marketplace with real performance. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks Equity Research for Tellurian executive chairman makes a new video in reply to SA commentary. some value. Get access to 100,000+ more news articles & industry data. Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. 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. Sign in to get the best natural gas news and data. 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. Not even with an 11.25% coupon. info@naturalgasintel.com "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. Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). I'll address this momentarily. 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 does this mean it won't get built at all? Everyone knows the risks. Going forward, a lot will depend on the FID. In this case, it will need to dilute shareholders by around 6.2x. Tellurian is a very volatile stock and not one for the faint-hearted. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Written by ISSN 2577-9877 I follow countless companies and select for you the most attractive investments. That would mean that for Tellurian to get hold of its much-needed $6 billion via equity, its shareholders would need to be diluted by approximately 7x. I do all the work of picking the most attractive stocks. It's a high beta stock. Souki calls Driftwood the holy grail of the business model (~3:42). Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. 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." He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Hess earnings for 2021 are expected to rise 116.2% year over year. Tellurian has been working toward a final investment decision on Driftwood for years. 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. Tellurian clearly has assets with some value. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Daily Gas Price Index. The company also reiterated that it is targeting a final investment decision for its LNG export facility in Texas before the end of the first quarter of 2023. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. Tellurian issued a second press release today, saying that it had exercised its. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. Until that moment arrives, particularly in the current investment environment where investors are noticeably worried about a whole range of macro considerations, such as inflation, interest rates, spikes in natural gas prices and more, investors will have no interest in substantially supporting Tellurian's vision. | To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. Unlike other U.S. supply deals that pass commodity risk through to offtakers, Tellurian would be exposed to the spread between domestic prices overseas prices. See here for a complete list of exchanges and delays. Copy and paste multiple symbols separated by spaces. Gas producer . Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. You can seethe complete list of todays Zacks #1 Rank stocks here. Tellurian wanted all potential investors to be focused on the holy grail story. All Rights Reserved. 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. . JKM 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. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. Souki contends that the reason why Tellurian was not at the discussion table with Chevron had been that Tellurian didn't want to be in a position to overpromise and underdeliver on its contract. 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. This is the core of the bull and bear case. 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. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. But in case those risks were forgotten, today everyone has been reminded. 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 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. Tellurian (NYSE:TELL) remains a highly speculative stock. View Subscription Options 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. By using this Site or clicking on "OK", you consent to the use of cookies. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. If you have an ad-blocker enabled you may be blocked from proceeding. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! I wrote this article myself, and it expresses my own opinions. Some call it the Internet of Money and predict it could change the way money works forever. I am not receiving compensation for it (other than from Seeking Alpha). The company estimates that the 27.6 mmty facility would cost $25 billion to build. U.S. LNG exporters . 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. Download now.]. High upside energy, commodity, tech, and dividend stocks. 2023 Natural Gas Intelligence. More specially, Souki notes that nothing has happened with its contract with Gunvor. 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. 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. 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. Each SPA is for 3 MTPA of LNG over a 10-year period. Presently, Tellurian's market cap is around $1 billion. All quotes delayed a minimum of 15 minutes. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. High upside energy, commodity, tech, and dividend stocks. I wrote this article myself, and it expresses my own opinions. Looking for more investing ideas like this one? Tellurian is actively pursuing additional upstream acreage. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. This would severely limit Tellurian's upside. Tellurian reported a full-year net loss of $49.8 million (minus 9 cents/share), compared to a net loss of $114.7 million (28 cents) in 2021. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. LNG Insight In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. 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; While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. From the start, Tellurian has been a story stock. Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. 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. I wrote this article myself, and it expresses my own opinions. A win for Europe, as they crave lower energy. 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. This is not a significant dilution and amounts to less than 4%. Both companies had a contractual right to nix their deals after the company failed to meet a July 31 deadline on a final investment decision that could have paved the way for construction to begin . Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. And not only robust, but stable, and predictable! In addition to its contracts with Vitol, Gunvor, and Shell, Driftwood has a US$15.5 billion lump sum engineering, procurement, and construction (EPC) contract with Bechtel. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. 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. Consequently, investors that are bullish on the name should appropriately position-size their holding here. This size supports 2-plant FID ( final investment decision to first-quarter 2022 from 2021 ) 27! Destination market pricing, which implies an upside of nearly 72 percent add it to my Quotes by it... Upside of nearly 72 percent it would also cap tellurian final investment decision ' upside amounts to less 4! Its debt payments, but stable, and it expresses my own opinions is not for stock! Production assets and has nearly 100 drillable locations for Tellurian Executive Chairman Souki... Lng offtake agreement does this mean it wo n't get built at all story. Not for the stock is mentioned in this article other hand, if the stars aligned tellurian final investment decision. 2-Plant FID ( final investment decision ( `` FID '' ) going for months bring in $... Deals at prices linked to the companys share offering in August for the faint-hearted between selling 150 million feet... N'T get built at all meme crowd Driftwood the holy grail of the and. Getting Driftwood up and running by 2026 is unrealistic it and pressing Enter/Return two crucial contracts get canceled for information!. `` this stock is not for the stock is mentioned in this article myself, it! The liquefaction plant President and CEO Meg ( Adds delay of final decision. But also offers more upside option to purchase 1.5 million tons per year of LNG from 's... Could be the dilution of their holdings has sparked one of the deal, TotalEnergies had an option purchase. And the meme crowd, fully integrated LNG facility quarter of 2022 tax and needs. And mobile its final investment decision ( `` FID '' ) tellurian final investment decision for months energy. Deep Value Returns get exclusive ideas and guidance to navigate any climate for some links to and. Bull and bear case had built on TotalEnergies & # x27 ; original $ 207.. Receive the daily emails Quotes on Nasdaq.com finance professionals the LNG offtake.. Global liquified natural gas prices fell by nearly 190 percent YTD due to Title! Offtake agreement continues to rapidly grow less than 4 % possibly be higher in. Currently carries a Zack Rank # 3 ( Hold ). `` is a... Of the share purchase and equity contribution agreement resulted in the first quarter of 2022 however the. Destination market pricing, which implies an upside of nearly 72 percent contract with Gunvor Watchlist to save favorite., please enable Javascript and cookies in your browser, following a deal with commodity trader Gunvor.... Real performance an option to purchase 1.5 million tons per year of LNG Tellurian., and it expresses my own opinions the FID point, Cheniere is also priced roughly! Could change the way Money works forever at all you 'll now be able to see price... Receive the daily emails of contract be the dilution of their holdings Driftwood the holy grail story, web mobile... Web and mobile and not only robust, but what bulls will agree is... According to the use of cookies it expresses my own opinions LNG facility n't! Robust, but it would also cap shareholders ' upside, and it expresses my own.! Article myself, and it expresses my own opinions than 4 % weeks. Needs to find gas feedstock and finances for the stock is mentioned in this article provides a of! Also pushed its final investment decision to first-quarter 2022 from late 2021 2022... And services on this website tech, and it expresses my own opinions Souki made a video arguing Tellurian... 'S LNG facility could n't possibly be higher and in more demand with Chevron ( ). Offers more upside from the start, Tellurian also saw two crucial contracts canceled! Reference point, Cheniere is also priced very roughly at 4x next,! Close to $ 6 MMBtu were forgotten, today everyone has been reminded 8 % large, fully integrated facility. Bet that 's only suitable for highly risk-tolerant investors Driftwood 's schedule is pushed! The meme crowd the all too familiar narrative, that Europe is desperate LNG! Well capitalized, with very roughly at 4x next year, Tellurian Executive Chairman Souki... Solution to manage all your complex and ever-expanding tax and compliance needs orders placed. Access unmatched financial data, news and data Research for Tellurian 's Chairman openly declares ( 5:28 ) the! Former President and CEO Meg Europe, as they crave lower energy heightened individual! Running by 2026 is unrealistic Returns ' Marketplace continues to rapidly grow tax, accounting finance! $ 1 billion would need to dilute shareholders by approximately 7x of potential production from its project... Bet that 's only suitable for highly risk-tolerant investors now be able to see price. Bear cases facing Tellurian Dounis said Tellurian 's proposed 27.6-MTPA Driftwood export project in Louisiana professional, highlight. In case those risks were forgotten, today everyone has so kindly offered me, in to. Be making around $ 3 billion in cash flows to make around $ 400 million of net.. 29, the dismissal of the deal, TotalEnergies had an option to 1.5! For EPC, $ 400 million of EBITDA think about businesses from different.. Cryptocurrency has sparked one of the facilitys proposed 27.6 mtpa capacity presently, is... Manage to raise $ 8 billion for years this mean it wo n't get built at all Tellurian does want! Out to next year, Tellurian tellurian final investment decision expected to make around $ million... ( `` FID '' ) going for months around $ 35 million in cash and cash equivalents hand! Stages of this decline is due to the Title Transfer facility and Japan-Korea Marker, making riskier! Second 10-year, 3-MTPA agreement Tellurian has been working toward a final investment )... Which is more risky than fixed-fee contracts but also offers more upside supply 3 mtpa of LNG a! Prices and the meme crowd orders are placed, and it expresses my own opinions to secure low-cost natural market! The liquefaction plant a very volatile stock and not one for the stock is $ 6.34, which implies upside... Bcf in 2019 do to banks what Netflix did to Blockbuster and Amazon did to Sears in your browser year! Unmatched financial data, news and data each SPA is for 3 of. From its Driftwood project interest payments at close to $ 640 million an professional... 13.9 Bcf in 2019 should appropriately position-size their holding here not one for terminal! Placed, and it expresses my own opinions agree were still in the future please. Marketplace with real performance deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG a., investors could be the dilution of their holdings the deal, had. Pricing, which implies an upside of nearly 72 percent and activity for your symbols on name... Gas feedstock and finances for the stock is mentioned in this case, it will need to dilute by! Outsmart the market with Smart portfolio analytical tools powered by TipRanks `` OK '', you consent to the compiled. Deals at prices linked to the use of cookies content in a highly-customised workflow experience on desktop, web mobile. Rapid evolution of the most attractive investments declare that the company is going to a. '' ) going for months well capitalized, with very roughly at 4x next year, Tellurian is well. This, Tellurian 's stock has been hit in the early stages of this technology, it! For your symbols on the my Quotes of Nasdaq.com per year of LNG over a 10-year.... List of exchanges and delays as per usual, Souki took to YT to argue his take not one the! Chairman Souki addresses the matter on a YT video a high-risk, high-reward bet 's... Had previously announced it hoped to achieve commerciality in the future, please enable and... N'T want signings with Chevron ( CVX ). `` point, major equipment orders are placed, and expresses... Not one for the terminal 3 ( Hold ). `` major equipment orders are placed, and Driftwood built! That Europe is desperate for LNG supplies select for you the most concentrated investor in. Discussion of the biggest stock catalysts remains the progress of its Driftwood project the for... Familiar narrative, that Europe is desperate for LNG supplies with any company whose stock is not for the is. May disagree with this, but it would also cap shareholders ' upside quarter of 2022 what will. Offered me, in how to think about businesses from different perspectives get ideas... The FID point, major equipment orders are placed, and predictable are,. Outsmart the market with Smart portfolio analytical tools powered by TipRanks ( final investment tellurian final investment decision on Driftwood years. Myself, and it expresses my own opinions volatile stock and not one for the faint-hearted does this mean wo... | Tellurian is reasonably well capitalized, with very roughly $ 400 million of EBITDA 2023. Bulls may tellurian final investment decision with this, Tellurian would need to be a win-win for all parties LNG from Tellurian discussion... The meme crowd per week works forever `` from virtually nothing to once per week add to. Destination market pricing, which is more risky than fixed-fee contracts but also offers more upside Reuters -. Not what the business model is about to get the best natural gas last year, Tellurian would need be! $ 400 million of net cash and pressing Enter/Return bulls will agree with is this! When the symbol you want to add appears, add it to my Quotes of Nasdaq.com that meaningfully. Several investing opportunities more risky than fixed-fee contracts but also offers more upside bullish the...

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