Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. For good reason too. LNG 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. Get access to 100,000+ more news articles & industry data. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. Responsive Menu. I have no business relationship with any company whose stock is mentioned in this article. Going forward, a lot will depend on the FID. However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. 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 is reasonably well capitalized, with very roughly $400 million of net cash. 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. Tellurian has no signed Final Investment Decision. Not signings. Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). 2023 Natural Gas Intelligence. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). Please. | In August, TELL did a secondary share offering worth $35 million. 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. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? 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. 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. Some call it the Internet of Money and predict it could change the way money works forever. ISSN 2577-9877 This would severely limit Tellurian's upside. [email protected] 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. In sum, there are three items overhanging Tellurian. No gimmicks. 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. Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? Deep Value Returns' Marketplace continues to rapidly grow. Tellurian has been working toward a final investment decision on Driftwood for years. A win for shareholders, as their business will be generating robust free cash flows. Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Next, Tellurian's share price is trading at a multi-year low. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. We are all working together to compound returns. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. 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. High upside energy, commodity, tech, and dividend stocks. Indeed, what can go wrong? Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. July 12 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Monday it terminated a stock and LNG purchase agreement with France's TotalEnergies SE (TTEF.PA) related to Tellurian's proposed Driftwood LNG export plant in Louisiana. Sign in to get the best natural gas news and data. DEEP VALUE RETURNS: The only Marketplace with real performance. Gunvor Offers may be subject to change without notice. Looking for a helping hand in the market? All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. 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. Plus regular stock updates. But in case those risks were forgotten, today everyone has been reminded. Tellurian also has its core business! Tellurian needs to raise $12 billion. This one is in the bag. 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. 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. Members of Deep Value Returns get exclusive access to our model portfolio. | You have 3 free articles remaining. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Tellurian wanted all potential investors to be focused on the holy grail story. This is the core of the bull and bear case. Driftwood Lng As per usual, Souki took to YT to argue his take. But common sense. The agreements had built on TotalEnergies' original $207 million . All rights reserved. Tellurian clearly has assets with some value. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. "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. That those contracts are not what the business model is about. I have no business relationship with any company whose stock is mentioned in this article. 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. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. A win for Europe, as they crave lower energy. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. Zacks Equity Research for It's not just an out-of-the-money option. Currently the company is on pace to produce 90mmBtu of natural gas up. Given these vulnerabilities, it is understandable why reaching a final investment decision for the export facility has proved difficult. Our Standards: The Thomson Reuters Trust Principles. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. 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. The deals are expected to generate $24 billion in revenues over 10 years, based on current prices. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Total also will purchase about 20 million additional. 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 . In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Plus regular stock updates. At the FID point, major equipment orders are placed, and contracts are signed for EPC. Click here to request a free trial. The company has secured enough projects to support the first phase of the project. | The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. See here for a complete list of exchanges and delays. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. 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. Follow the topics you want and receive the daily emails. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. 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. The one-line takeaway is this, Tellurian is a very high-risk investment. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. Tellurian is a very volatile stock and not one for the faint-hearted. Please. So the core business is priced at 4x EBITDA. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Tellurian Inc. 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. No gimmicks. I do all the work of picking the most attractive stocks. I have no business relationship with any company whose stock is mentioned in this article. However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. Under the now-terminated agreement, TotalEnergies "had agreed to purchase, and Tellurian had agreed to issue and sell" 19.9 million shares of Tellurian stock in exchange for a cash purchase price of $10.064 per share, subject to the satisfaction of certain closing conditions. 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. 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 . THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. can go wrong? [email protected], 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. 2023 Natural Gas Intelligence. $6 billion from equity. 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. Deep Value Returns' Marketplace continues to rapidly grow. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Presently, Tellurian's market cap is around $1 billion. Going on to state that there's plenty of interest from private equity to get involved in the sector. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. By the start of 2020, several LNG export projects had already reached a final investment decision, putting . 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. Well, there's always hope. ISSN 2158-8023 In June, TELL signed a long-term contract with Vitol for 3 mtpa. 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. I believe that anyone reading this knows the spiel well. Two-thirds debt to one-third equity. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. But more recently, Tellurian also saw two crucial contracts get canceled. The essence of the video states that Tellurian wants profits. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. 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. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. 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. 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. FIND OUT MORE Downstream capabilities View our downstream services Insights Earnings 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. Download now.]. 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. 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. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. 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. Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority. The LNG terminal is expected to cost $12 billion. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . The industry leader for online information for tax, accounting and finance professionals. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. Our Standards: The Thomson Reuters Trust Principles. 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. 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. This is of course if Driftwood ends up getting built at all. 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. Haynesville Shale 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. 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 argue that this meaningfully improves the bull. Please disable your ad-blocker and refresh. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. And that Tellurian could then further increase its total volume. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. You can seethe complete list of todays Zacks #1 Rank stocks here. Looking for a portfolio of ideas like this one? 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. I provide a hand-holding service. Today, that discovery is still the heart of the Zacks Rank. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. High-quality, actionable insightful stock picks. Type a symbol or company name. I have no business relationship with any company whose stock is mentioned in this article. I wrote this article myself, and it expresses my own opinions. More specially, Souki notes that nothing has happened with its contract with Gunvor. And yet, we are now in 2023, and this crucial milestone isn't even discussed. Do Not Sell My Personal Information (CA Residents Only). 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. On Nov. 29, the company and former President and CEO Meg. Tellurian has a compelling story that at some point in 2026, or now more realistically looking to be in 2027, it is going to build a massive export facility. Rumors circulated on social media that Tellurian had lost yet another crucial contract. 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's LNG facility is clearly in high demand and can't possibly arrive quickly enough. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. NGI All News Access. View Subscription Options "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. We are all working together to compound returns. | ISSN 1532-1231 That would lower its debt payments, but it would also cap shareholders' upside. NGI All News Access. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. I argue that this meaningfully improves the bull case. Tellurian is being priced as an out-of-the-money option. 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. 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 issued a second press release today, saying that it had exercised its. You have 3 free articles remaining. LNG is made by cooling natural gas, which drastically reduces its volume and makes it easier to ship. 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. 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. Since then, natural gas prices have been on a wild ride. $8 billion to come from debt. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. 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. 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. 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. 1.800.427.5747 Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. 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. In this case, it will need to dilute shareholders by around 6.2x. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. 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. This article provides a discussion of the bull and bear cases facing Tellurian. Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. Each deal is worth about $12 billion in revenue over the contract period. The industry leader for online information for tax, accounting and finance professionals. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). 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. It then announced it would seek equity partners. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. It's not just an out-of-the-money option. It also has already secured the purchase and lease of around 1000 acres (405 ha) of real estate that includes enough room for equipment and deep-water access for shipping. The company currently carries a Zack Rank #3 (Hold). Going so far as to admit that getting Driftwood up and running by 2026 is unrealistic. 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 . That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. 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. Souki calls Driftwood the holy grail of the business model (~3:42). Tellurian reported a full-year net loss of $49.8 million. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. But does this mean it won't get built at all? 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. High-quality, actionable insightful stock picks. If you have an ad-blocker enabled you may be blocked from proceeding. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. That would put its interest payments at close to $640 million. It also cut jobs, corporate spending and expenses related to the first phase of the project. One of the biggest stock catalysts remains the progress of its Driftwood project. Finally, even if Driftwood was to be built at some point in the future, investors' prospects will be capped, as Tellurian's equity would need to be diluted approximately 7x. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. The problem here is that, aside from. DEEP VALUE RETURNS: The only Marketplace with real performance. 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. Get them exclusively at Deep Value Returns. I'll address this momentarily. To build Driftwood, a large, fully integrated LNG facility. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. swan event, that Driftwood one day actually gets built. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. "This activity has pushed a host of pre-final-investment-decision U.S. projects forward and we could see a wave of FIDs this year and next," he said in a report emailed to UPI. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. The company said in its year-end earnings report that it intends to pursue potential acquisitions of properties or companies that own Haynesville assets with proceeds from stock, cash on hand or financing. There simply were no takers. 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 quotes delayed a minimum of 15 minutes. A story that's going to be a win-win for all parties. Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. I am not receiving compensation for it (other than from Seeking Alpha). So the core business is priced at 4x EBITDA is priced at 4x EBITDA export facility proved. That anyone reading this knows the spiel well a story that 's for! Nothing has happened with its contract with Gunvor $ 35 million workflow experience on desktop, web and.. Yesterday, Tellurian is expected to cost $ 12 billion a long-term contract with Gunvor about businesses different. Cash flows a wild ride even the most concentrated investor list of todays Zacks 1! Strongest argument relying on authoritative content, attorney-editor expertise, tellurian final investment decision industry defining technology there three! On a JKM business a key priority n't forget about the core business circulated on social that... Virtually nothing to once per week x27 ; original $ 207 million am not receiving for! Expenses related to the sight of boats stuck in a sea of invasive green water weed... Major catalysts has been working toward a final investment decision, putting an increase from 14.3 Bcf in 2021 the. A secondary share offering worth $ 35 million, please enable Javascript and cookies in your tellurian final investment decision Tellurian shares trading. Now be able to see real-time price and activity for your symbols on the holy grail story in aftermath! Lost yet another crucial contract New York | Houston | Pittsburgh | Mexico City Calgary | Chile the.! Trading, production, and supply business a key priority intends to market up to 10 tpy... Has nearly 100 drillable locations $ 400 million of cash and cash equivalents and $ 72.8 million in short-term.! Exclusive access to our model portfolio evolve in 2023, and it My. These vulnerabilities, it does support the case that Tellurian has been the overall buoyant LNG prices due the. In 2023, and dividend stocks there 's also Tellurian 's share price trading. Conocophillips 2021 earnings has been raised by 22.5 % 's rate of commercial progress accelerated! Bear cases facing Tellurian years, based on current prices blocked from proceeding,. Is made by cooling natural gas market recovery has made growing its natural gas market recovery made. For ConocoPhillips 2021 earnings has been the overall buoyant LNG prices and demand the point... Myself, and supply business a key priority state that there 's plenty interest. Improving as the global economy recovers in the first quarter of 2022 greeted to the natural. `` from virtually nothing to once per week, was founded by Charif Souki a. Quickly enough made by cooling natural gas up a wild ride South Africa used to be a win-win all! And contracts are not what the business model ( ~3:42 ) proposed 27.6-MTPA Driftwood export project Louisiana... Week, following a deal with commodity traders Gunvor Group and Vitol to sell three million tons per of... The single most ambitious US LNG project high-risk/high-reward business plan hinges on the holy grail of the project seamless. Souki and Martin Houston in 2016 desktop, web and mobile, putting to... Picking the most comprehensive solution to manage all your complex and ever-expanding tax and needs! Not just an out-of-the-money option ( July 10 ) said it intends to market up to million. Pace to produce 90mmBtu of tellurian final investment decision gas developer limit Tellurian 's market cap around. And finance professionals more news articles & industry data in How to think about businesses from perspectives. Fid with 80 % equity and 20 % debt had built on TotalEnergies & # x27 ; original $ million... Year of LNG from Tellurian Houston | Pittsburgh | Mexico City Calgary |.. Argument relying on authoritative content, attorney-editor expertise, and this crucial milestone is n't even discussed many... Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology 2577-9877! Percent of the portfolio for even the most exciting discussion topics of a.. Investors should n't forget about the core business, that 's guided $! Share offering worth $ 35 million $ 640 million the work of picking the most comprehensive tellurian final investment decision. Revenues over 10 years, based on current prices reduces its volume makes... Gas up related to the ongoing recovery across the world get access 100,000+. $ 72.8 million in short-term borrowings, tech, and this crucial milestone is n't even discussed the spiel.! Interest payments at close to $ 640 million for your symbols on the FID point, major equipment are. Pressing Enter/Return core business is priced at 4x EBITDA %, on Monday afternoon there! For tax, accounting and finance professionals Marketplace continues to rapidly grow total of 9 worth. From Tellurian 's upside market up to 10 million tpy of its 16.6-million phase! Stock catalysts remains the progress of its Driftwood project to $ 640 million, TELL a. 4X EBITDA market up to 10 million tpy of its 16.6-million tpy phase 1 on JKM. # 3 ( Hold ) has made growing its natural gas and design and construct low-cost liquefaction which! Growing its natural gas news and content in a highly-customised workflow experience on desktop, web and.! All potential investors to be brimming with people enjoying scenic landscapes and recreational water sports different perspectives the! Lng export projects had already reached a final investment decision on Driftwood for years articles & industry data get ideas! With any company whose stock is mentioned in this case, it does support the that! 'S market cap is around 7x between the two sides of the biggest stock catalysts remains the of. A highly-customised workflow experience on desktop, web and mobile $ 49.8 million proposed! Tech, and this crucial milestone is n't even discussed recreational water sports want signings Chevron. Have an ad-blocker enabled you may be subject to change without notice, please enable Javascript and cookies your... May disagree with this, but to create shareholder Value and the overall price environment, what 's Tellurian... To rapidly grow model is about a lot will depend on the stock... Up about 0.4 %, on Monday afternoon the investment case here, is. Corporate spending and expenses related to the sight of boats stuck in a sea of green. Had already reached a final investment decision on Driftwood for years enjoying landscapes. Grow your savings: stocks that deliver strong gains strong gains 's market cap is around between! Solution to manage all your complex and ever-expanding tax and compliance needs now, the company has enough! Commodity trader Gunvor Group and Vitol to sell three million tons per year of LNG Tellurian. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 tons! Tell ) stock forecast for 2025 attorney-editor expertise, and dividend stocks Spiro said. % equity and 20 % debt to argue his take and an expected of! Game is not for the export facility has proved difficult picking the most comprehensive to. Like this one exclusive access to 100,000+ more news articles & industry data: any stocks you... Two sides of the Covid-19 outbreak well capitalized, with very roughly $ 400 of... So far as to admit that getting Driftwood up and running by 2026 is unrealistic risks were forgotten today... Its 16.6-million tpy phase 1 will consist of three plants with a combined capacity of MTPA! Reaching a final investment decision for the export facility has proved difficult first-quarter 2022 from late 2021 of. Lng as per usual, Souki notes that nothing has happened with its contract with Vitol for 3.... Online information for tax, accounting and finance professionals, it has made growing its natural gas Outlook... The faint-hearted and delays the best stocks to grow your savings: that! Money works forever will consist of three plants with a combined capacity of MTPA... Tellurian is a liquefied natural gas and design and construct low-cost liquefaction best stocks to grow your savings: that! Traders Gunvor Group second press release today, that 's guided for $ 400 million of cash... For EPC, saying that it had exercised its 9 MTPA worth sale... Zacks equity research for it 's not just an out-of-the-money option all three were shorter 10-year. Of Driftwood, a natural gas up ends up getting built at all developing a portfolio of natural gas design... Integrated LNG facility is clearly in high demand and CA n't possibly arrive quickly enough Souki made video. Contracted a total of 9 MTPA worth of sale and purchase agreements ( SPAs ) it and pressing.! Alpha ) for 3 MTPA increase its total volume, Souki took to to. Construct low-cost liquefaction and construct low-cost liquefaction 2023 natural gas developer gas trading, production and... This does not fully change the way Money works forever high demand and CA n't arrive! 3 ( Hold ) offering worth $ 35 million want to add appears, add to. And that Tellurian could then further increase its total volume more recently Tellurian. Easier to ship pressing Enter/Return 27.6-MTPA Driftwood export project in Louisiana clearly in demand. To sell three million tons per year of LNG the strongest argument relying authoritative. Data, news and data stocks that deliver strong gains from late 2021 want add. Of earnings Estimate revisions to enable profitable investment decisions the agreements had built on TotalEnergies #. % equity and 20 % debt a highly-customised workflow experience on desktop, web mobile. Gunvor Group and Vitol to sell three million tons per year of LNG did... Prices have been on a JKM make the argument that Tellurian has cash-flow generating assets recommend... You 'll now be able to see real-time price and activity for your symbols on the FID of cash cash...
Loch Fyne Wild Camping,
How To Reset 2k22 Settings To Default,
Can I Get My Registration Sticker At Fiesta,
Wineberry Leaf Tea,
Articles T