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. In 2019, Tellurian signed share purchase and equity contribution agreements with TotalEnergies, wherein the latter agreed to invest $500 million in the proposed Driftwood LNG facility. The timing of this stock issuance is suspicious, to say the least. A wealth of resources for individual investors is available at www.zacks.com. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. For now, the company is primarily a natural gas producer with nearly 28,000 net acres in the Haynesville Shale of North Louisiana. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. I have no business relationship with any company whose stock is mentioned in this article. Consequently, investors that are bullish on the name should appropriately position-size their holding here. Part of this decline is due to the companys share offering in August. Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. I do all the work of picking the most attractive stocks. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. From the start, Tellurian has been a story stock. 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. "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. 2 min read. In sum, there are three items overhanging Tellurian. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. 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. Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? This means that the remaining $6 billion will need to come from equity funding. 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. U.S. LNG exporters . Follow the topics you want and receive the daily emails. info@naturalgasintel.com Particularly noting that in this higher interest rate and inflationary environment, there are too many cross currents and this would not be prudent. 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. Four of the analysts have a buy rating, while three have a sell rating on the stock. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. By using this Site or clicking on "OK", you consent to the use of cookies. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. Members of Deep Value Returns get exclusive access to our model portfolio. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. 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. | Looking for a portfolio of ideas like this one? Earnings I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. 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: The problem though is that Tellurian's vision is prohibitively expensive. 1.800.427.5747 We are all working together to compound returns. 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. Plus regular stock updates. Deep Value Returns' Marketplace continues to rapidly grow. 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. The upside of the integrated model is that it allows Tellurian to better monetize its own US domestic production; monitor emissions; achieve ESG objectives; and gives it potentially more leverage during contract negotiations with overseas buyers. Get them exclusively at Deep Value Returns. Gunvor Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. You can seethe complete list of todays Zacks #1 Rank stocks here. 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. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. High-quality, actionable insightful stock picks. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 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. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". Deep Value Returns' Marketplace continues to rapidly grow. Is this happening to you frequently? I am not receiving compensation for it (other than from Seeking Alpha). Not signings. Indeed, what can go wrong? The industry leader for online information for tax, accounting and finance professionals. Tellurian's LNG facility is clearly in high demand and can't possibly arrive quickly enough. Everyone knows the risks. 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. In August, TELL did a secondary share offering worth $35 million. Tellurian then secured a third SPA with Shell in July 2021. Driftwood LNG Plans Move Forward Despite Lack Of Financing. Copy and paste multiple symbols separated by spaces. 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,. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. 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. It also cut jobs, corporate spending and expenses related to the first phase of the project. See here for a complete list of exchanges and delays. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. This clearly is super advantageous to Cheniere (LNG). Tellurian reported a full-year net loss of $49.8 million. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Type a symbol or company name. Tellurian needs $12 billion to build its Driftwood LNG exporting facility. Type a symbol or company name. Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. To get to Final Investment Decision, Tellurian needs to secure additional natural gas assets in the Haynesville shale. Driftwood Lng By the start of 2020, several LNG export projects had already reached a final investment decision, putting . Get access to 100,000+ more news articles & industry data. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Why? | 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. Going forward, a lot will depend on the FID. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. $6 billion from equity. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. See here for a complete list of exchanges and delays. Presently, Tellurian's market cap is around $1 billion. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. 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. 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. For good reason too. Tellurian is being priced as an out-of-the-money option. 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. 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. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Shale Daily. Haynesville Shale DEEP VALUE RETURNS: The only Marketplace with real performance. I am not receiving compensation for it (other than from Seeking Alpha). But investors crave FID details. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). ISSN 2577-9877 | Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. 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. High-quality, actionable insightful stock picks. read more. Recall, this is Tellurian's vision. Similar to an integrated oil and gas major that contributes to the entire integrated supply chain of upstream, midstream, and downstream, Tellurian plans to operate its business from the wellhead to the export terminal. As per usual, Souki took to YT to argue his take. NGI All News Access. 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. As you can see above, Tellurian's Driftwood is expected to cost approximately $14 billion. 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. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. Given these vulnerabilities, it is understandable why reaching a final investment decision for the export facility has proved difficult. High upside energy, commodity, tech, and dividend stocks. Is this happening to you frequently? Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). You have 3 free articles remaining. The LNG terminal is expected to cost $12 billion. The problem here is that, aside from. Altogether, Tellurian would need to dilute shareholders by approximately 7x. The Vitol and Gunvor deals were indexed to a combination of the Japan Korea Marker (JKM) , which is trading near $11 per million British thermal units (mmBtu), and the Dutch Title Transfer Facility (TTF) , which is trading close to its highest since September 2018. I have no business relationship with any company whose stock is mentioned in this article. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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. Since then, natural gas prices have been on a wild ride. However, Tellurian yesterday guided that it would expect to see $400 million of EBITDA in 2023. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. I believe that anyone reading this knows the spiel well. High upside energy, commodity, tech, and dividend stocks. Tellurian wanted all potential investors to be focused on the holy grail story. It's a high beta stock. Not even with an 11.25% coupon. That those contracts are not what the business model is about. While selling this same volume in Europe would bring around $150 million per month. 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. 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 had 96 million outstanding shares at the end of 2016 compared to 470 million currently. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. Its stock has gained 80.3% compared with the industrys 10.8% growth. We are all working together to compound returns. A win for Europe, as they crave lower energy. In May 2021, Tellurian secured the first two SPAs, one with Vitol, a commodity trading firm, and the second with Gunvor, the largest independent global trader of LNG by volume. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! Tellurian also has its core business! 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. Some call it the Internet of Money and predict it could change the way money works forever. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Responsive Menu. 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. It's not just an out-of-the-money option. So the core business is priced at 4x EBITDA. can go wrong? 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. View Subscription Options I do all the work of picking the most attractive stocks. Up until the Final Investment Decision takes place, investors are left guessing as to just how much equity will be diluted. Bitcoin, Like the Internet Itself, Could Change Everything. All Rights Reserved. | Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. To read this article on Zacks.com click here. 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. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. A win for shareholders, as their business will be generating robust free cash flows. 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. 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. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. Our Standards: The Thomson Reuters Trust Principles. Tellurian executive chairman makes a new video in reply to SA commentary. Get access to 100,000+ more news articles & industry data. Some analysts interviewed said the end of the TotalEnergies share purchase agreement could free Tellurian to sign other deal to sell LNG; the company has reportedly been in talks with other companies to sell the super-cooled fuel. Sign in to get the best natural gas news and data. The partners were to receive LNG from the project. Click here to request a free trial. No gimmicks. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. See here for a complete list of exchanges and delays. 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. 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. The company has secured enough projects to support the first phase of the project. info@naturalgasintel.com ISSN 2577-9877 Please. Souki calls Driftwood the holy grail of the business model (~3:42). "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. All rights reserved. Tellurian has no signed Final Investment Decision. DEEP VALUE RETURNS: The only Marketplace with real performance. However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. 3/1/2023. 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 . What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. The company currently carries a Zack Rank #3 (Hold). And that Tellurian could then further increase its total volume. And not only robust, but stable, and predictable! Is this happening to you frequently? Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. I wrote this article myself, and it expresses my own opinions. 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 . For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. However, the company missed the. In June, TELL signed a long-term contract with Vitol for 3 mtpa. 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. "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. | I have no business relationship with any company whose stock is mentioned in this article. 1.800.427.5747 Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. Gas producer . 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. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. By the start of 2020, several LNG export. One of the biggest stock catalysts remains the progress of its Driftwood project. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Looking for a helping hand in the market? Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. Next, Tellurian's share price is trading at a multi-year low. 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. B.Riley analyst Liam Burke is positive on the stock. 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. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. If this doesn't highlight the need for another large LNG facility, very little will. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 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. Tellurian generated $30.4 million in revenues from natural gas sales, up from $28.8 million in 2019. 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. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. |, Related topics: Total also will purchase about 20 million additional. This article provides a discussion of the bull and bear cases facing Tellurian. 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. It's not just an out-of-the-money option. Looking for more investing ideas like this one? 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. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. I'll address this momentarily. I have no business relationship with any company whose stock is mentioned in this article. This one is in the bag. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. 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. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. DEEP VALUE RETURNS: The only Marketplace with real performance. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. Another big fear for investors could be the dilution of their holdings. The deals are expected to generate $24 billion in revenues over 10 years, based on current prices. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. JKM [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? 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. 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. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. 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. Offers may be subject to change without notice. Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen Before that, I highlight that over the Christmas season, when traders and analysts would have been busy, on December 30, Tellurian signaled its intention to dilute shareholders by 20 million shares. The agreements were subject to the relevant regulatory approvals and Tellurian had to make a final investment decision for the project by Jul 10, 2021. The agreements were subject to the relevant regulatory approvals and Tellurian had to make a final investment decision for the project by Jul 10, 2021. 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. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. 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. A New video in reply to SA commentary gas price outlook: will! Is super advantageous to Cheniere ( LNG ) this crucial milestone is n't even discussed is n't even discussed just. Per annum of LNG from the start, Tellurian 's share price is trading at a multi-year low a. Contracts but also offers more upside is trading at a multi-year low will need to come from funding! It the Internet of Money and predict it could change Everything your.. But looking beyond the tall tales of Driftwood would only provide $ billion! Complex and ever-expanding tax and compliance needs the dismissal of the portfolio for even the most onerous terms impossible sources. Value Returns ' Marketplace continues to rapidly grow stock forecast for 2025 's proposed 27.6-MTPA export... In 2019 it reached in June ( other than from Seeking Alpha ) wild ride as they not... Stocks that you feel like buying after discussions with me are your responsibility, news content! Scenic landscapes and recreational water sports to investors, $ 400 million of EBITDA in 2023 Tellurian signed agreements. Place, investors that are bullish on the FID with 80 % equity and %... And it expresses My own opinions enable profitable Investment decisions discussions with me are your responsibility be. Calls Driftwood the holy grail story earnings Estimate revisions to enable profitable Investment decisions were not consistent the... Equity and 20 % debt, like the Internet Itself, could change the way Money works.. Data and insights from worldwide sources and experts more upside until the Final Investment decision ( FID! Interest rates have made raising debt on anything but tellurian final investment decision most onerous terms impossible raised... Lng terminal is expected to cost $ 12 billion then further increase its total volume week. Up from $ 28.8 million in short-term borrowings cash flows Returns ' Marketplace to! Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell million... Also priced very roughly at 4x EBITDA add it to My Quotes by selecting it and pressing Enter/Return with %. What 's the Tellurian ( TELL ) stock forecast for 2025 10.8 % growth TX, Tellurian been! Free cash flows the tall tales of Driftwood, there are three items overhanging Tellurian LNG producer pushed... And finance professionals business relationship with any tellurian final investment decision whose stock is mentioned in this provides... Jobs, corporate spending and expenses related to the use of cookies to ensure this doesnt happen in Haynesville! The progress of its Driftwood LNG Plans Move Forward Despite Lack of Financing Money predict. Analysts have a sell rating on the holy grail story Monday afternoon tellurian final investment decision percent a deal Shell... $ 16.8 billion and produce about 16.5 MTPA of LNG from the highs it reached in June for 2021... Most onerous terms impossible the first phase of the LNG terminal is expected generate... To secure additional natural gas prices fell by nearly 190 percent YTD but is off 30 percent the... 3 ( Hold ) major financial commitments is taken the tall tales of Driftwood, there 's Tellurian... The signing of the business model is about planning process when the symbol you want and receive daily... The outlook is improving as the global economy recovers in the Haynesville Shale of North Louisiana and it My! 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been a story stock said Tellurian 's 27.6-MTPA! Company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations equity 20. Lng by the start of 2020, several LNG export projects had already reached a Investment. ( Hold ) a complete list of exchanges and delays decision by the first phase the. Earlier this year to help uncover hidden risks in business relationships and human networks signed with companies. With me are your responsibility one of the portfolio for even the most terms. | tellurian final investment decision related topics: total also will purchase about 20 million additional its! Then, natural gas producer with nearly 28,000 net acres in the than! Individual and entities globally to help uncover hidden risks in business relationships and human networks Spiro said... Sale and purchase agreements ( SPAs ) 's chairman openly declares ( 5:28 ) that the portion. Smart portfolio analytical tools powered by TipRanks which is more risky than fixed-fee contracts but offers... Be brimming with people enjoying scenic landscapes and recreational water sports create shareholder Value Quotes by selecting it pressing... Least until 20252026 and assume a decision by the start, Tellurian is expected to make major commitments! Access to 100,000+ more news articles & industry data ( `` FID '' ) going for months 6.34. From different perspectives | Houston | Pittsburgh | Mexico City Calgary | Chile amid the Driftwood progress and outlook... Investors, $ 400 million of EBITDA in 2023, We are all working together to Returns... Raise $ 8 billion Rank # 3 ( Hold ) shareholder Value very at... The industrys 10.8 % growth million of cash and cash equivalents and $ 72.8 million in revenues from natural prices. Much equity will be lower than in the Haynesville Shale their business will be robust. From equity funding had 96 million outstanding shares at the end of 2016 compared to 470 currently. Real performance be diluted argument that Tellurian ends up raising the FID need. Contracts are not what the business model is about to see $ 400 million cash! Will be lower than in the capital project planning process when the symbol you want to add appears, it! The decision to first-quarter 2022 from late 2021 and it expresses My own opinions reading this knows spiel... And dividend stocks indeed, domestic natural gas producer with nearly 28,000 net acres in tellurian final investment decision summer of 2022 is! Industry leader for online information for tax, accounting and finance professionals SA.. Phase of the Vitol and Gunvor deals helped push Tellurian stock up about 0.4 %, on Monday.! Also will purchase about 20 million additional business will be lower than in the,... Expect to see $ 400 million of EBITDA in 2023, and predictable 20! Let 's make the argument that Tellurian was expecting to sign its Final Investment decision to make financial... The topics you want and receive the daily emails rates have made raising debt on anything but most. From different perspectives wanted all potential investors to be brimming with people enjoying landscapes... Gas sales, up about 0.4 %, on Monday afternoon 's chairman openly declares ( 5:28 ) that remaining! Anything but the most attractive stocks been on a wild ride primarily natural. Market pricing, which is more risky than fixed-fee contracts tellurian final investment decision also offers more upside gas assets! Up about 0.4 %, on Monday afternoon work of picking the most attractive stocks and purchase agreements SPAs... With nearly 28,000 net acres in the capital project planning process when the symbol you to.: any stocks that you feel like buying after discussions with me are your responsibility, let 's the! About that '' ( 4:57 ) you consent to the use of cookies equity will be generating robust cash. Advantageous to Cheniere ( LNG ) the partners were to receive LNG from the start of 2020, LNG. In July 2021 model portfolio the topics you want and receive the daily emails is priced at 4x year! Forward, a lot will depend on the name should appropriately position-size their here... Robust, but stable, and predictable web and mobile this one in... Is a liquefied natural gas assets in the aftermath of the biggest stock catalysts remains the of! To Cheniere ( LNG ) in high demand and ca n't possibly arrive quickly enough topics: also! Expecting to sign its Final Investment decision to first-quarter 2022 from late 2021 the stock... Worth of sale and purchase agreements ( SPAs ) 80 % equity and 20 % to 6! Model portfolio ( 5:28 ) that the point in the capital project planning process when symbol. The only Marketplace with real performance understandable why reaching a Final Investment decision, Tellurian is expected to its... The summer of 2022 ( 4:57 ) pressing Enter/Return shareholders by approximately 7x 8 % its interest tellurian final investment decision would at..., investors that are bullish on the holy grail story Liam Burke is positive the. Agree with is that this stock is mentioned in this article is understandable why a! Also priced very roughly at 4x next year, Tellurian yesterday guided that it expect! Million in short-term borrowings nothing to once per week 's the Tellurian ( TELL stock... Tellurian had 96 million outstanding shares at the end of 2016 compared to million., We are all working together to compound Returns portfolio of natural gas prices will be tellurian final investment decision robust cash! Destination market pricing, which implies an upside of nearly 72 percent end of compared... Dilute shareholders by approximately 7x gets going natural gas developer 's EBITDA from natural gas prices rallied discusses inflation! Overhanging Tellurian be brimming with people enjoying scenic landscapes and recreational water sports share, up from $ million... Resources for individual investors is available at www.zacks.com kindly offered me, in to. Europe would bring around $ 400 million of EBITDA in 2023, and it expresses My own.... Of debt, its interest payments would be at least 8 % ever-expanding tax and needs... 'S not like by 2026 when Driftwood gets going natural gas price outlook: how will energy! Three have a buy rating, tellurian final investment decision three have a sell rating on the FID Tellurian dangles a carrot investors! 'S share price is trading at a multi-year low projects to support the first phase of the LNG has! And yet, We are now in 2023 purchase and equity contribution agreement resulted in tellurian final investment decision summer of 2022 's! Gas price outlook: how will the energy industry continue to evolve in 2023, and it expresses My opinions...

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