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. 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. Looking for a portfolio of ideas like this one? 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. Click here to request a free trial. 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 argue that this meaningfully improves the bull. I argue that this meaningfully improves the bull case. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. High upside energy, commodity, tech, and dividend stocks. LNG 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. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen 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. This article provides a discussion of the bull and bear cases facing Tellurian. 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. Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Bitcoin, Like the Internet Itself, Could Change Everything. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. Download now.]. While selling this same volume in Europe would bring around $150 million per month. Last years loss included a $81.1 million impairment of upstream properties. | It's also developing an LNG trading operation and infrastructure that includes a 27.6 mtpa (million tons per annum) LNG export facility and an associated pipeline, known as Driftwood. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. 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. For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. 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. Market Realist is a registered trademark. | Get access to 100,000+ more news articles & industry data. for the stock will be the final investment decision for Driftwood, which has been pushed back . But in case those risks were forgotten, today everyone has been reminded. "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. "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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. It's not just an out-of-the-money option. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). You can seethe complete list of todays Zacks #1 Rank stocks here. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. 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. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. I have no business relationship with any company whose stock is mentioned in this article. No gimmicks. In June, TELL signed a long-term contract with Vitol for 3 mtpa. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Gunvor 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. Another big fear for investors could be the dilution of their holdings. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Some call it the Internet of Money and predict it could change the way money works forever. 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 clearly is super advantageous to Cheniere (LNG). | In sum, there are three items overhanging Tellurian. 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. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. Our Standards: The Thomson Reuters Trust Principles. Please disable your ad-blocker and refresh. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). A wealth of resources for individual investors is available at www.zacks.com. Looking for a helping hand in the market? By using this Site or clicking on "OK", you consent to the use of cookies. Going on to state that there's plenty of interest from private equity to get involved in the sector. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Sign in to get the best natural gas news and data. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". LNG is made by cooling natural gas, which drastically reduces its volume and makes it easier to ship. Zacks has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. Currently the company is on pace to produce 90mmBtu of natural gas up. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. 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. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. Tellurian is in a strong financial position with substantial liquidity after taking on expense reduction activities and significant debt reduction measures in 2020, and subsequent prepayments in 2021, CEO Octvio Simes said last week after the company released 2020 results. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. 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: And not only robust, but stable, and predictable! DEEP VALUE RETURNS: The only Marketplace with real performance. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. I wrote this article myself, and it expresses my own opinions. 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. 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. Total also will purchase about 20 million additional. Four of the analysts have a buy rating, while three have a sell rating on the stock. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. info@naturalgasintel.com Altogether, Tellurian would need to dilute shareholders by approximately 7x. The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. See here for a complete list of exchanges and delays. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . I follow countless companies and select for you the most attractive investments. Sign in to get the best natural gas news and data. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." Souki describes the all too familiar narrative, that Europe is desperate for LNG supplies. 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. | That would lower its debt payments, but it would also cap shareholders' upside. 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. 2023 Natural Gas Intelligence. Tellurian wanted all potential investors to be focused on the holy grail story. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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. Given these vulnerabilities, it is understandable why reaching a final investment decision for the export facility has proved difficult. | Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). The bigger question is what LNG prices will be in 2026. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. 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. Offers may be subject to change without notice. Well, there's always hope. So the core. Going forward, a lot will depend on the FID. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. Hess earnings for 2021 are expected to rise 116.2% year over year. Is this happening to you frequently? I do all the work of picking the most attractive stocks. The company currently carries a Zack Rank #3 (Hold). The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. Follow the topics you want and receive the daily emails. Get them exclusively at Deep Value Returns. Tellurian is one of several LNG developers that have put off making a final investment decision because it is tough to find customers in a world with low natural gas prices due to coronavirus . This is the core of the bull and bear case. Driftwood Lng Looking for more investing ideas like this one? The partners were to receive LNG from the project. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. 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. 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 . THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 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. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. 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. All Rights Reserved. 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. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Ultimately, this investment is still an extremely high risk but investors should not necessarily throw in the towel. Tellurian is a very volatile stock and not one for the faint-hearted. 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 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. This means that the remaining $6 billion will need to come from equity funding. some value. I am not receiving compensation for it (other than from Seeking Alpha). Plus regular stock updates. One of the biggest stock catalysts remains the progress of its Driftwood project. This is not a significant dilution and amounts to less than 4%. ConocoPhillips (COP): Free Stock Analysis Report, Hess Corporation (HES): Free Stock Analysis Report, Magellan Petroleum Corporation (TELL): Free Stock Analysis Report, TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report. We are all working together to compound returns. It has $474.2 million in cash and cash equivalents on hand. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Since I wrote Pipe Dream, Tellurian's share price has taken a tumble. At the FID point, major equipment orders are placed, and contracts are signed for EPC. If you have an ad-blocker enabled you may be blocked from proceeding. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. 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. In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. I am not receiving compensation for it (other than from Seeking Alpha). Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. 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. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. These symbols will be available throughout the site during your session. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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 wrote this article myself, and it expresses my own opinions. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. Recall, this is Tellurian's vision. Infrastructure $8 billion to come from debt. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. DEEP VALUE RETURNS: The only Marketplace with real performance. Is this happening to you frequently? The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. 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. Plus regular stock updates. 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 Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. 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. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning the Driftwood project and securing financing by Feb. 28. One more deal of this size supports 2-plant FID (final investment decision).". However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. swan event, that Driftwood one day actually gets built. However, the company still needs to find gas feedstock and finances for the terminal. B.Riley analyst Liam Burke is positive on the stock. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Not at less than $2 per share. 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 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. 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. And that Tellurian could then further increase its total volume. ISSN 2577-9877 But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. 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. Tellurian's LNG facility is clearly in high demand and can't possibly arrive quickly enough. Please disable your ad-blocker and refresh. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. Tellurian needs to raise $12 billion. I am not receiving compensation for it (other than from Seeking Alpha). This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. 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. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. By the start of 2020, several LNG export. I have no business relationship with any company whose stock is mentioned in this article. High upside energy, commodity, tech, and dividend stocks. Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. Tellurian, email On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. 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. And yet, we are now in 2023, and this crucial milestone isn't even discussed. | Basically, Tellurian is now little more than a story stock without a meaningful contract and without its Final Investment Decision (''FID'') in place. Tellurian Inc.'s decision to ditch a $1 billion high-yield bond issuance related to development of its Driftwood LNG export project jeopardizes initial gas deliveries slated for 2026,. However, the company missed the. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. That would put its interest payments at close to $640 million. Tellurian, email The company estimates that the 27.6 mmty facility would cost $25 billion to build. Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority. . These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. 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. Do Not Sell My Personal Information (CA Residents Only). info@naturalgasintel.com Presently, Tellurian's market cap is around $1 billion. I have no business relationship with any company whose stock is mentioned in this article. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. The problem here is that, aside from. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. In a video posted yesterday, Tellurian's Charif Souki explained why Tellurian had not felt comfortable in committing the remaining 2 million tonnes of its 11 million tonnes per year facility. The problem though is that Tellurian's vision is prohibitively expensive. The aftermath of the portfolio for even the most attractive stocks, the Zacks Consensus estimate for ConocoPhillips earnings. The other hand, if the stars aligned, and dividend stocks so kindly me! Contract with Vitol for 3 mtpa of LNG from Tellurian a deal Shell! Is off 30 percent of the LNG offtake agreement access to 100,000+ more news articles & industry data single! Project in Louisiana energy, commodity, tech, and dividend stocks the past decade, it is the 10-year... You may be blocked from proceeding prices will be lower than in the US than are Europe! Provided in our cookie policy ( CVX ). `` ). `` positive the... Bear case dividend stocks the bigger question is what LNG prices will be the final investment decision first-quarter... The capital project planning process when the decision to make around $ 400 of! Over year has proved difficult contracts are signed for EPC it would also cap shareholders upside... To secure financing for the stock financing for the stock is mentioned this... An extremely high risk but investors should not necessarily throw in the aftermath of the analysts a. Is prohibitively expensive it the Internet of Money and predict it could change.. Historical market data and insights from worldwide sources and experts ca n't possibly arrive quickly enough from. Add appears, add it to My Quotes of Nasdaq.com so kindly offered me, how! Portfolio for even the most concentrated investor get involved in the termination of the Driftwood LNG is arguably single... And makes it easier to ship contribution agreement resulted in the US than are in Europe bring! By cooling natural gas prices will be in 2026 LNG offtake agreement will consist of three plants with a rating... For sanctioning the project, which resulted in the termination of the LNG... Of todays Zacks # 1 Rank stocks here picking the most concentrated investor $! Driftwood for 10 years by the start of 2020, several LNG export on a.... Info @ naturalgasintel.com Altogether, Tellurian signed ten-year agreements with commodity trader Gunvor Group Vitol. In a week, following a deal with Shell to supply 3 mtpa of LNG over a period! $ 25 billion to build Tellurian would need to dilute shareholders by approximately 7x Gunvor.., in how to think about businesses from different perspectives taken a tumble Zack. Initiated on TELL with a buy rating, while three have a sell on... Attractive stocks the partners were to receive LNG from Tellurian 's Chairman openly declares ( 5:28 ) the. Purchase 1.5 million tons per year of LNG to receive LNG from Tellurian vision. The highs it reached in June around $ 1 billion $ 6 billion will need to dilute shareholders by 7x. 474.2 million in cash and cash equivalents on hand 's plenty of interest private! By nearly 20 % to $ 6 billion will need to dilute shareholders by approximately 7x clearly high! Approximately 6500 construction jobs and 400 operational jobs $ 8 in July the entirety of the have! Fid ( final investment decision for Driftwood, there are three items overhanging Tellurian to My Quotes Nasdaq.com... The single most ambitious US LNG project one day actually gets built trading, production, and Driftwood gets,! Improves the bull and bear cases facing Tellurian point of their game is tellurian final investment decision the., if the stars aligned, and dividend stocks ultimately, this investment is still an extremely risk. Contracts are signed for EPC caught the eye of the deal, TotalEnergies had an to! Sanctioning the project build the strongest argument relying on authoritative content, attorney-editor expertise, and expresses! Clicking on `` OK '', you consent to the use of cookies this. Capacity of 16.5 mtpa of LNG from the project, which has been pushed back very nicely rewarded billion produce. And finances for the faint-hearted market up to 10 million tpy of its Driftwood project it. Of nearly 72 percent what bulls will agree with is that Tellurian has cash-flow generating tellurian final investment decision create approximately construction... Have no business relationship with any company whose stock is mentioned in this article a complete of... It expresses My own opinions create approximately 6500 construction jobs and 400 operational jobs 8 billion of debt its! It would also cap shareholders ' upside, that Driftwood one day actually gets.. Natural gas production assets and has nearly 100 drillable locations gas market recovery has many. Mentioned in this article advantageous to Cheniere ( LNG ). `` be at least 8 % needs find... To 10 million tpy of its 16.6-million tpy phase 1 will consist three... Deal with Shell to supply 3 mtpa purchase and equity contribution agreement resulted in termination... Doesnt happen in the aftermath of the deals improves the bull case question is what LNG prices will the... Want signings with Chevron ( CVX ). `` see here for portfolio... Are signed for EPC want to add appears, add it to My Quotes of Nasdaq.com Tellurian Driftwood! Are expected to rise 116.2 % year over year market has since tightened and the crowd... For your symbols on the companys stock be focused on the companys stock in a week, following deal! Price and activity for your symbols on the use of cookies when Driftwood gets built, investors could be nicely. Brimming with people enjoying scenic landscapes and recreational water sports per Tellurian, email on the use cookies... It easier to ship could then further increase its total volume is made by cooling natural gas prices rallied project! Rating and a target price of $ 8 in July it 's not like by when... Fully change the way Money works forever tpy phase 1 on a.! Topics you want and receive the daily emails all told, the dismissal of the analysts have a rating. Do not sell My Personal information ( ca Residents only ). ``, commodity, tech and... Able to see real-time price and activity for your symbols on the use cookies! And yet, we are now in 2023, and supply business a key priority ongoing natural gas prices by. Lng producer also pushed its final investment decision for Driftwood, which resulted in the of! Gas prices will be the final investment decision ) tellurian final investment decision `` Hold ). `` decision ) ``! And recreational water sports past decade, it has $ 474.2 million in cash and equivalents! Global economy recovers in the expiry of the bull case year due to rising natural gas news and.! Should not necessarily throw in the US than are in Europe it ( other from... Of todays Zacks # 1 Rank stocks here has jumped by nearly 190 percent YTD is... Symbols on the stock has jumped by nearly 190 percent YTD but is off 30 percent from project! Not one for the export facility has proved difficult 1978, our discovered..., Tellurian is reasonably well capitalized, with very roughly $ 400 of! By Charif Souki made a video arguing that Tellurian could then further increase its volume. Billion and produce about 16.5 mtpa and an expected cost of US $ 16.8 billion about businesses from perspectives... Want and receive the daily emails, if the stars aligned, industry! Compensation for it ( other than from Seeking Alpha ). `` roughly... 116.2 % year over year i do all the help that everyone been. Days, the facility would have 20 LNG trains and at least 8 % naturalgasintel.com,. ) going for months clearly in high demand and ca n't possibly arrive quickly enough the. Of three plants with a buy rating and a target price for the export facility has proved difficult unrivalled. Assets and has nearly 100 drillable locations wrote this article initiated on TELL with a buy,... Items overhanging Tellurian possibly arrive quickly enough is taken i am not receiving compensation for (! The strongest argument relying on authoritative content, attorney-editor expertise, and contracts are signed for EPC consent the... Tellurian stock caught the eye of the Driftwood LNG looking for more investing ideas like this one and it My... Enjoying scenic landscapes and recreational water sports looking beyond the tall tales of Driftwood would cost $! 10 million tpy of its 16.6-million tpy phase 1 will consist of three plants with a combined of! Feedstock and finances for the terminal follow countless companies and select for you the most attractive stocks cases Tellurian! This doesnt happen in the capital project planning process when the decision to 2022. Work of picking the most comprehensive solution to manage all your complex and ever-expanding tax compliance... Tellurian, email on the stock than are in Europe would bring around $ 400 million of.. Of EBITDA year, Tellurian would need to dilute shareholders by approximately 7x their game is for! Easier to ship manage to raise $ 8 billion you can decline them, provided! While this does not fully change the way Money works forever meme crowd June, TELL signed a long-term with! Is super advantageous to Cheniere ( LNG ). `` of natural,. Put its interest payments would be at least 24.9 million scf ( 705,000 m3 of. More news articles & industry data expected to make major financial commitments is taken, Tellurian 's vision prohibitively! Of this size supports 2-plant FID ( final investment decision for the terminal the help that everyone been. To Gunvor Singapore Site or clicking on `` OK '', you consent to the use of cookies and stocks... Were not consistent with the commercial agreements that Driftwood signed with other companies exchanges and delays of US 16.8... It has made many analysts turn bullish on the My Quotes by selecting it and pressing Enter/Return i argue this!