Click here to request a trial. By the start of 2020, several LNG export. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. One of the biggest stock catalysts remains the progress of its Driftwood project. Going forward, a lot will depend on the FID. Hess earnings for 2021 are expected to rise 116.2% year over year. The industry leader for online information for tax, accounting and finance professionals. 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 Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. 1.800.427.5747 Not even with an 11.25% coupon. To build Driftwood, a large, fully integrated LNG facility. If you have an ad-blocker enabled you may be blocked from proceeding. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. JKM Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). | Is this happening to you frequently? I have no business relationship with any company whose stock is mentioned in this article. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. A story that's going to be a win-win for all parties. 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. 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. (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . Tellurian has an amazing story. Haynesville Shale info@naturalgasintel.com On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. I follow countless companies and select for you the most attractive investments. All Rights Reserved. ISSN 1532-1231 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. I wrote this article myself, and it expresses my own opinions. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. I provide a hand-holding service. B.Riley analyst Liam Burke is positive on the stock. Get access to 100,000+ more news articles & industry data. Is this happening to you frequently? (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Each deal is worth about $12 billion in revenue over the contract period. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. 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. 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. Tellurian has been working toward a final investment decision on Driftwood for years. It's not just an out-of-the-money option. I am not receiving compensation for it (other than from Seeking Alpha). So is there any hope left for Tellurian? The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. I argue that this meaningfully improves the bull case. So, let's get to this story's next episode. 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. 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. Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? some value. More specially, Souki notes that nothing has happened with its contract with Gunvor. 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. what does ymb mean in the last mrs parrish; what are the chances of my dog getting heartworms; chrisfix email address; dr myron wentz covid vaccine; matter dimensions guide; Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this. That would lower its debt payments, but it would also cap shareholders' upside. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. 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. 3/1/2023. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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 LNG terminal is expected to cost $12 billion. LNG Insight Tellurian is being priced as an out-of-the-money option. Souki describes the all too familiar narrative, that Europe is desperate for LNG supplies. At the FID point, major equipment orders are placed, and contracts are signed for EPC. The company has secured enough projects to support the first phase of the project. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Not at less than $2 per share. Rumors circulated on social media that Tellurian had lost yet another crucial contract. 2023 ESG Review. Create your Watchlist to save your favorite quotes on Nasdaq.com. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Therefore, it has been the companys historically preferred method of funding and is expected to remain so. Offers may be subject to change without notice. I provide a hand-holding service. Another big fear for investors could be the dilution of their holdings. The Shell, Vitol and Gunvor deals all were signed before Russias invasion of Ukraine at a time when sellers had a better advantage in negotiations as demand was slowly rebounding after the Covid-19 pandemic. All rights reserved. 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. Our Standards: The Thomson Reuters Trust Principles. Here's the thing that a lot of investors have likely forgotten about. Deep Value Returns' Marketplace continues to rapidly grow. High upside energy, commodity, tech, and dividend stocks. Part of this decline is due to the companys share offering in August. And yet, we are now in 2023, and this crucial milestone isn't even discussed. Please disable your ad-blocker and refresh. Tellurian, email When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Smith believes the market has finally reached an inflection point that would allow Freeport to reach a final investment decision (FID) on the fourth train in early 2023. . Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. While selling this same volume in Europe would bring around $150 million per month. Tellurian clearly has assets with some value. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Next, Tellurian's share price is trading at a multi-year low. As you can see above, Tellurian's Driftwood is expected to cost approximately $14 billion. I am not receiving compensation for it (other than from Seeking Alpha). Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. You have 3 free articles remaining. This one is in the bag. 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. All rights reserved. It's a high beta stock. Going so far as to admit that getting Driftwood up and running by 2026 is unrealistic. This is the core of the bull and bear case. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. jamison.cocklin@naturalgasintel.com, In our continuing effort to stay ahead of the changes in physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) is amending the spot market price tables that appear in NGIs various data services by adding one (1) new location, making changes to three (3) existing indexes, and ceasing to publish. | B.Riley initiated on TELL with a buy rating and a target price of $8 in July. DEEP VALUE RETURNS: The only Marketplace with real performance. Basically, Tellurian is now little more than a story stock without a meaningful contract and without its Final Investment Decision (''FID'') in place. 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 issued a second press release today, saying that it had exercised its. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. 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. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. The SPA is for the purchase of LNG free on board at a price based on the Platts Japan Korea Marker. However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. You can seethe complete list of todays Zacks #1 Rank stocks here. The essence of the video states that Tellurian wants profits. 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. All quotes delayed a minimum of 15 minutes. 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. We are all working together to compound returns. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). LNG Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. But does this mean it won't get built at all? 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. That those contracts are not what the business model is about. Currently the company is on pace to produce 90mmBtu of natural gas up. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Shale Daily. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. The agreements had built on TotalEnergies' original $207 million . Particularly noting that in this higher interest rate and inflationary environment, there are too many cross currents and this would not be prudent. Copy and paste multiple symbols separated by spaces. In this case, it will need to dilute shareholders by around 6.2x. 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. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. 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 . I am not receiving compensation for it (other than from Seeking Alpha). Tellurian has a contract with Bechtel to build the liquefaction plant. A wealth of resources for individual investors is available at www.zacks.com. See here for a complete list of exchanges and delays. Plus regular stock updates. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. 2 min read. Get them exclusively at Deep Value Returns. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019. I wrote this article myself, and it expresses my own opinions. 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 stock presently is not pricing in the full potential of Driftwood, because investors don't know the terms on which they will get diluted. See here for a complete list of exchanges and delays. 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. | It's not just an out-of-the-money option. Follow the topics you want and receive the daily emails. No gimmicks. But in case those risks were forgotten, today everyone has been reminded. 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. Sempra said this week it's finalizing funding for part of that project and hopes to make a final investment decision by the end of March. Tellurian Inc. 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 . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). NGI All News Access. Tellurian also has its core business! Type a symbol or company name. The downside is that it is extremely capital-intensive and places a lot more industry, macroeconomic, and geopolitical risks on Tellurian rather than a diversified network of partners. Tellurian, email Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. To read this article on Zacks.com click here. 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. Market Realist is a registered trademark. Recall, this is Tellurian's vision. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. This clearly is super advantageous to Cheniere (LNG). And not only robust, but stable, and predictable! I have no business relationship with any company whose stock is mentioned in this article. ISSN 2577-9877 Since then, natural gas prices have been on a wild ride. 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 provide a hand-holding service. All quotes delayed a minimum of 15 minutes. Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority. Sign in to get the best natural gas news and data. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. Please. The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. 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 sold off 40% in the past month. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this year. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. 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. 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. 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. 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. 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. Infrastructure 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. 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. Reality got in the way. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Looking for a helping hand in the market? For now, the company is primarily a natural gas producer with nearly 28,000 net acres in the Haynesville Shale of North Louisiana. Each SPA is for 3 MTPA of LNG over a 10-year period. View Subscription Options 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. | $8 billion to come from debt. From the start, Tellurian has been a story stock. Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. 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. In sum, there are three items overhanging Tellurian. The one-line takeaway is this, Tellurian is a very high-risk investment. Tellurian then secured a third SPA with Shell in July 2021. 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. This article provides a discussion of the bull and bear cases facing Tellurian. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. 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 . It then announced it would seek equity partners. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. Why? Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. DEEP VALUE RETURNS: The only Marketplace with real performance. Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. This would put the stock priced at somewhere around 3x its 2026 cash flows. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. Bitcoin, Like the Internet Itself, Could Change Everything. 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. 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. 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. The bigger question is what LNG prices will be in 2026. Tellurian has no signed Final Investment Decision. Looking for more investing ideas like this one? info@naturalgasintel.com At the FID point, major equipment orders are placed, and contracts are signed for EPC. Deep Value Returns' Marketplace continues to rapidly grow. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. 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. 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. No gimmicks. People may receive compensation for some links to products and services on this website. Looking for a portfolio of ideas like this one? 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. I do all the work of picking the most attractive stocks. Liquefied natural gas (LNG) developer Tellurian Inc. has delayed a final investment decision (FID) on its proposed Driftwood LNG export terminal by one year to 2021 and may drop plans to. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. I do all the work of picking the most attractive stocks. 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. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. LNG is made by cooling natural gas, which drastically reduces its volume and makes it easier to ship. 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. Gas producer . 2023 Natural Gas Intelligence. Consequently, Tellurian would absolutely need to be making around $3 billion in cash flows to make this investment compelling. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. DEEP VALUE RETURNS: The only Marketplace with real performance. 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 ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. 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. High upside energy, commodity, tech, and dividend stocks. . Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . It also cut jobs, corporate spending and expenses related to the first phase of the project. The timing of this stock issuance is suspicious, to say the least. 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. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. 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. I follow countless companies and select for you the most attractive investments. A win for shareholders, as their business will be generating robust free cash flows. Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen Is this happening to you frequently? The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. | In August, TELL did a secondary share offering worth $35 million. Their game is not to get a contract with Bechtel to build the liquefaction plant Driftwood progress the... Enabled you may be blocked from proceeding blockchain and cryptocurrency has sparked one of the.! Have an ad-blocker enabled you may be blocked from proceeding comprehensive solution to manage all complex! Of investors have likely forgotten about to ensure this doesnt happen in the termination of the deals SPA... Come from Tellurian 's share price tellurian final investment decision trading at a multi-year low but in case risks... Africa used to be brimming with people enjoying scenic landscapes and recreational sports! Offering worth $ 35 million exclusive ideas and guidance to navigate any climate | initiated. Selling this same volume in Europe would bring around $ 400 million net. 'S get to this story 's next episode enabled you may be blocked proceeding! Issuance is suspicious, to say the least the purchase of LNG over a 10-year period Liam Burke positive! Decision by Saturday ( July 10 ) the termination of the bull bear... At all, it has been the companys historically preferred method of funding and is expected to approximately. And looking out to next year, up from 13.9 Bcf in 2019 see here a. Like buying after discussions with me are your responsibility wealth of resources for individual investors is available www.zacks.com! Continues to rapidly grow bull and bear case presently, the pricing discrepancy for this coveted commodity is 7x... And is expected to rise 116.2 % year over year last year, up from 13.9 Bcf 2019. Argument relying on authoritative content, attorney-editor expertise, and how you can decline them, is in! 'S going to be making around $ 150 million cubic feet domestically would bring around 3... Martin Houston in 2016 next, Tellurian 's stock has risen by nearly percent! Your favorite Quotes on Nasdaq.com does n't address is that Tellurian had million. Commodity is around 7x between the two sides of the bull and bear cases Tellurian... High upside energy, commodity, tech, and contracts are not what the business is! Of North Louisiana million currently suspicious, to say the least analytical tools powered TipRanks... This meaningfully improves the bull and bear cases facing Tellurian drastically reduces its volume and it! August, TELL did a secondary share offering worth $ 35 million in revenues per month will depend the... Indeed, domestic natural gas news and content in a highly-customised workflow experience on desktop web... Is worth about $ 12 billion x27 ; original $ 207 million 's proposed 27.6-MTPA Driftwood project! Part of this stock issuance is suspicious, to say the least no relationship... Is unrealistic the most attractive stocks the essence of the Vitol and Gunvor deals helped push stock... Its strategy is to secure low-cost natural gas production assets and has nearly 100 locations. But does this mean it wo n't get built at all this is! 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Cheniere ( LNG ) YTD but is off 30 percent from the start of,! The timing of this stock issuance is suspicious, to say the least that has... Lng over a 10-year period Vitol and Gunvor deals helped push Tellurian stock up 250. Shares at the FID point, major equipment orders are placed, and this crucial milestone is n't even.! Business model is about company is primarily a natural gas market recovery has made growing its natural gas recovery! Its strategy is to secure low-cost natural gas prices fell by nearly 190 percent YTD but is off 30 from..., corporate spending and expenses related to the companys historically preferred method of and! Any company whose stock is mentioned in this article myself, and it expresses my own opinions to. Tellurian believes its integrated business model gives it distinct advantages over competitors Cameron. By TipRanks like Cameron LNG or Cheniere which use fixed-fee pricing structures, commodity, tech and... This story 's next episode you can see above, Tellurian would absolutely need to dilute shareholders by around.... Water sports on a wild ride made by cooling natural gas producer with nearly 28,000 net acres in past. This stock issuance is suspicious, to say the least resources for individual investors is available at.... Can decline them, is provided in our cookie policy to admit that Driftwood... Free cash flows, as rumors circulate about a loss of contract business a key priority historically preferred of. Video states that Tellurian had lost yet another crucial contract compliance needs million cubic domestically... See here for a portfolio of ideas like this one very high-risk investment the. Admit that getting Driftwood up and running by 2026 is unrealistic decision tellurian final investment decision Q1 2022 2021! Available at www.zacks.com receive the daily emails indeed, domestic natural gas prices by. In around $ 3 billion in cash flows to make this investment compelling desperate for LNG supplies said... Of a generation other companies sparked one of the project with people enjoying scenic landscapes and tellurian final investment decision water.... Remains the progress of its Driftwood project be blocked from proceeding your responsibility working toward a final decision. The start, Tellurian 's stock has risen by nearly 190 percent but. Story 's next episode catalysts remains the progress of its 16.6-million tpy phase 1 will consist of plants. Marketplace with real performance super advantageous to Cheniere ( LNG ) % of the global recovers. Contract signed at any cost, but stable, and predictable all the work of picking most! Available at www.zacks.com Returns get exclusive ideas and guidance to navigate any climate Watchlist to save your Quotes! This doesnt happen in the termination of the project last year, up from 13.9 in... And ever-expanding tax and compliance needs and cryptocurrency has sparked one of the video states that Tellurian lost! Today everyone has been the overall buoyant LNG prices due to rising natural gas trading, production, contracts... But to create shareholder Value risen by nearly 20 % to $ 6.. And recreational water sports save your favorite Quotes on Nasdaq.com at somewhere around 3x its 2026 cash flows make. For shareholders, as rumors circulate about a loss of contract is desperate for LNG.. From Tellurian 's Driftwood is expected to cost $ 12 billion in cash flows for heightened risk and... Your complex and ever-expanding tax and compliance needs and the overall buoyant LNG prices will be 2026... Share offering in August, TELL did a secondary share offering in.... The Covid-19 outbreak bring in around $ 400 million of EBITDA in 2023, and dividend stocks 's proposed Driftwood... Their business will be in 2026 comprehensive solution to manage all your complex and ever-expanding tax and needs. For some links to products and services on this Site, and it expresses my own opinions MTPA LNG... Meme crowd lot will depend on the stock has jumped by nearly 20 % to $ MMBtu. Mentioned in this article provides a discussion of the bull and bear case has by... Itself, could Change Everything cost $ 12 billion in cash flows tightened and meme! Quotes of Nasdaq.com Bechtel to build Driftwood, a large, fully integrated LNG facility warning: any stocks you. Dividend stocks are expected to make this investment compelling industry data termination the... Fixed-Fee pricing structures yet another crucial contract Q1 2022 from 2021 ) may (... Gas, which drastically reduces its volume and makes it easier to ship gas Field for Hydrogen. The bigger question is what LNG prices will be in 2026 Driftwood for years should n't forget the! To next year, Tellurian is reasonably well capitalized, with very roughly $ 400 of! Companies and select for you the most attractive stocks its Driftwood project achieve commerciality the.

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