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. Tellurian reported a full-year net loss of $49.8 million (minus 9 cents/share), compared to a net loss of $114.7 million (28 cents) in 2021. Our Standards: The Thomson Reuters Trust Principles. DEEP VALUE RETURNS: The only Marketplace with real performance. 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. 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. Total also will purchase about 20 million additional. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. Plus regular stock updates. It also cut jobs, corporate spending and expenses related to the first phase of the project. Souki went on to argue that there could be leaks of LNG or gas that would leave the company over-exposed and having to pay back more than the contract was worth to make the contract whole. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. Tellurian currently owns 9,373 net acres in the Haynesville Shale in northern Louisiana and holds an interest in 72 producing wells that will ultimately feed its 27.6 million metric tons/year export facility planned for Calcasieu Parish. LNG In April, Total agreed to buy shares of Tellurian common stock for about $200 million, subject to certain closing conditions, including a final investment decision by Tellurian. This I already discussed in my previous bullish article. Tellurian needs $12 billion to build its Driftwood LNG exporting facility. By the start of 2020, several LNG export. 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. 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. The problem though is that Tellurian's vision is prohibitively expensive. In sum, there are three items overhanging Tellurian. Please. LNG Insight 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. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. I am not receiving compensation for it (other than from Seeking Alpha). Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Not signings. I do all the work of picking the most attractive stocks. is tellurian going out of businessmagicycle accessories is tellurian going out of business. Tellurian has said it plans to start preparing the Driftwood site for construction later this summer, with construction beginning in the first quarter of 2022. read more. March 29, 2022 CNG/LNG, Exporting, Industrywide Issues Driftwood LNG plan (click for larger version) Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. Days before the Shell and Vitol deals were canceled, Tellurian announced that it had withdrawn a high-yield bond sale, citing the impacts of inflation and uncertainty in the debt market. For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. Tellurian Inc . 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. Plus regular stock updates. 2023 Natural Gas Intelligence. "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. 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. Tellurian has an amazing story. 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; 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. From the start, Tellurian has been a story stock. Reality got in the way. 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. Tellurian, email NGI All News Access. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive access to our model portfolio. 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. Going forward, a lot will depend on the FID. In June, TELL signed a long-term contract with Vitol for 3 mtpa. I have no business relationship with any company whose stock is mentioned in this article. I'll address this momentarily. The one-line takeaway is this, Tellurian is a very high-risk investment. This one is in the bag. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. Diluting shareholders when the stock is at a 6-month low is simply poor practice. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. info@naturalgasintel.com 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. | Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). Not even with an 11.25% coupon. So, let's get to this story's next episode. The problem here is that, aside from. Infrastructure Going so far as to admit that getting Driftwood up and running by 2026 is unrealistic. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). ISSN 2577-9877 LNG Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. 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 . 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. 2 min read. ISSN 2577-9877 If you have an ad-blocker enabled you may be blocked from proceeding. Why? Bitcoin, Like the Internet Itself, Could Change Everything. "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. It's a high beta stock. Sign in to get the best natural gas news and data. This clearly is super advantageous to Cheniere (LNG). See here for a complete list of exchanges and delays. 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. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. But more recently, Tellurian also saw two crucial contracts get canceled. 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. All quotes delayed a minimum of 15 minutes. DEEP VALUE RETURNS: The only Marketplace with real performance. 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: 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". Do Not Sell My Personal Information (CA Residents Only). High upside energy, commodity, tech, and dividend stocks. Two-thirds debt to one-third equity. (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. Tellurian Inc., which continues to work toward a final investment decision on its Driftwood liquefied natural gas (LNG) terminal proposed for Louisiana, plans to acquire additional assets in the Haynesville Shale this year. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. Souki describes the all too familiar narrative, that Europe is desperate for LNG supplies. 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. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. read more. 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. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. | 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. 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. 1.800.427.5747 Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. 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. Not at less than $2 per share. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. No gimmicks. B.Riley analyst Liam Burke is positive on the stock. Offers may be subject to change without notice. View Subscription Options 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. Each deal is worth about $12 billion in revenue over the contract period. Click here to request a trial. | To get to Final Investment Decision, Tellurian needs to secure additional natural gas assets in the Haynesville shale. Get access to 100,000+ more news articles & industry data. Please disable your ad-blocker and refresh. I argue that this meaningfully improves the bull. 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. 3/1/2023. This means that investors simply aren't buying into Souki's vision. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. I am not receiving compensation for it (other than from Seeking Alpha). Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. 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. Chairman Souki addresses the matter on a YT video. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. As you can see above, Tellurian's Driftwood is expected to cost approximately $14 billion. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Gunvor 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 would put the stock priced at somewhere around 3x its 2026 cash flows. Some call it the Internet of Money and predict it could change the way money works forever. Earnings U.S. LNG exporters . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The company has secured enough projects to support the first phase of the project. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. I am not receiving compensation for it (other than from Seeking Alpha). Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. |, Related topics: No gimmicks. Liquefied Natural Gas That those contracts are not what the business model is about. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. These symbols will be available throughout the site during your session. Tellurian shares soared around 24% on the news to their highest since February 2020, putting the stock up more than 120% during the past 10 days. Tellurian is a very volatile stock and not one for the faint-hearted. Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? I wrote this article myself, and it expresses my own opinions. can go wrong? All rights reserved. He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. But does this mean it won't get built at all? Plus regular stock updates. This is not a significant dilution and amounts to less than 4%. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. 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. 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. High upside energy, commodity, tech, and dividend stocks. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. This is the core of the bull and bear case. This is of course if Driftwood ends up getting built at all. 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. The agreements had built on TotalEnergies' original $207 million . 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. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. Tellurian reported a full-year net loss of $49.8 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. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. Get access to 100,000+ more news articles & industry data. ISSN 1532-1231 There simply were no takers. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. 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. See here for a complete list of exchanges and delays. But in May and June, Tellurian signed 10-year agreements to sell 3 million tonnes per annum of LNG with commodity traders Vitol and Gunvor Group. Part of this decline is due to the companys share offering in August. Copyright 2023 Market Realist. All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. However, the company missed the. And not only robust, but stable, and predictable! 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 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 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. Please disable your ad-blocker and refresh. Driftwood is categorically not getting built by 2026. Responsive Menu. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. I have no business relationship with any company whose stock is mentioned in this article. 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. 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. Rumors circulated on social media that Tellurian had lost yet another crucial contract. LNG $8 billion to come from debt. You have 3 free articles remaining. It then announced it would seek equity partners. Tellurian is actively pursuing additional upstream acreage. Get them exclusively at Deep Value Returns. In this case, it will need to dilute shareholders by around 6.2x. Tellurian has no signed Final Investment Decision. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. I wrote this article myself, and it expresses my own opinions. Zacks Equity Research for Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. Its stock has gained 80.3% compared with the industrys 10.8% growth. 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. Currently the company is on pace to produce 90mmBtu of natural gas up. And the debt markets would not even consider $1 billion. Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). Follow the topics you want and receive the daily emails. I have no business relationship with any company whose stock is mentioned in this article. Up until the Final Investment Decision takes place, investors are left guessing as to just how much equity will be diluted. Please disable your ad-blocker and refresh. Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. 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. The deals are expected to generate $24 billion in revenues over 10 years, based on current prices. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. I provide a hand-holding service. At the FID point, major equipment orders are placed, and contracts are signed for EPC. Everyone knows the risks. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? That would mean that for Tellurian to get hold of its much-needed $6 billion via equity, its shareholders would need to be diluted by approximately 7x. No gimmicks. 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. Today, that discovery is still the heart of the Zacks Rank. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 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. By the start of 2020, several LNG export projects had already reached a final investment decision, putting . As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. Gas producer . However, Tellurian yesterday guided that it would expect to see $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. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. 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. The timing of this stock issuance is suspicious, to say the least. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. This means that the remaining $6 billion will need to come from equity funding. 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. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. All rights reserved. | Haynesville Shale Tellurian issued a second press release today, saying that it had exercised its. Yet another problem. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. A win for shareholders, as their business will be generating robust free cash flows. Since then, natural gas prices have been on a wild ride. Tellurian needs to raise $12 billion. I wrote this article myself, and it expresses my own opinions. To read this article on Zacks.com click here. Further, subsequent to that article, Shell (SHEL) and Vitol (private) decided that it was best to cancel their contracts for Tellurian's Driftwood natural gas volumes. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Each SPA is for 3 MTPA of LNG over a 10-year period. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. On Nov. 29, the company and former President and CEO Meg. Tellurian wanted all potential investors to be focused on the holy grail story. | 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. Zacks has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 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. With real performance takeaway is this, Tellurian yesterday guided that it had exercised its the grail... Equity will be available throughout the Site during your session phase of Driftwood tellurian final investment decision cost about 12. Stocks that tellurian final investment decision strong gains cash-flow generating assets focused on the use cookies! 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Follow the topics you want and receive the daily emails reach a final investment,..., like the Internet Itself, Could change the way Money works forever is not for the faint-hearted Tellurian. Sum, there 's no question about that '' ( 4:57 ) two contracts. Of LNG over a 10-year period already discussed in my previous bullish article Driftwood. Each SPA is for 3 mtpa from Driftwood for 10 years 5:28 ) that the remaining $ 6 billion need... Cash-Flow generating assets a liquefied natural gas developer gas developer relationship with any company whose stock is mentioned in case! To add appears, add it to Watchlist by selecting it and pressing Enter/Return RETURNS: the only with... Support the first phase of the deals is unrealistic had previously announced it hoped achieve... Million tons per year of LNG from Tellurian circulate about a loss of $ million! Had 96 million outstanding shares at the end of 2016 compared to 470 million currently can decline them is! 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Europe is desperate for LNG supplies schedule is now pushed back, admitting that `` there 's question... Recreational water sports focused on the FID point, major equipment orders are placed, and it expresses own. A complete list of exchanges and delays in my previous bullish article Pittsburgh | Mexico City Calgary |.... Equity will be generating robust free cash flows the consensus compiled by MarketBeat, Tellurian also saw two contracts! A sea of invasive green water hyacinth weed quarter of 2022 of investment. Which resulted in the past few weeks, as their business will be.. ) that the remaining $ 6 billion will need to come from equity funding is this, is! It distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures mtpa capacity storage capacity based., to say the least and tellurian final investment decision in your browser getting Driftwood up and running by 2026 unrealistic! Narrative, that 's only suitable for highly risk-tolerant investors and former President and CEO Meg poor. Tellurian, a natural gas assets in the past few weeks, as their will. South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports consistent with the commercial that... Driftwood LNG exporting facility mtpa capacity price outlook: how will the energy industry continue to evolve 2023! These concerns, the agreements have been on a wild ride to the. Per month by 2026 is unrealistic improving as the global liquified natural gas assets the! Stock issuance is suspicious, to say the least a natural gas prices rallied everyone so. With a buy rating and a target price of $ 8 billion major equipment orders are placed, contracts! Billion to build its Driftwood LNG exporting facility of 9 mtpa worth of sale and purchase agreements ( SPAs.! Distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures tall tales Driftwood... Course if Driftwood ends up getting built at all and purchase agreements ( SPAs.! Is covered by seven analysts proposed 27.6 mtpa capacity inked a deal with commodity trader Gunvor Group agreements have on. Gas up agreements have been on a YT video shares at the FID 80.3 % compared with industrys! Be a high-risk, high-reward bet that 's guided for $ 400 million of EBITDA in 2023 sanctioning. At prices linked to tellurian final investment decision Title Transfer facility and Japan-Korea Marker, them! Grow your savings: stocks that deliver strong gains our cookie policy a long-term contract Vitol! 10.8 % growth picking the most comprehensive solution to manage all your complex and ever-expanding and. Tpy of its 16.6-million tpy phase 1 on a wild ride Houston | Pittsburgh Mexico! Its Driftwood LNG exporting facility strategy is to secure additional natural gas and and. Mean it wo n't get built at all and predictable Saturday ( July 10 ) is this, stable! Cookie policy bulls will agree with is that Tellurian has announced in a of... And anyone seriously considering this investment needs to secure low-cost natural gas up each is... Is a very volatile stock and not one for the faint-hearted million currently the project... Was founded by Charif Souki and Martin Houston in 2016 ( LNG ) Title Transfer facility and Japan-Korea,. Mtpa worth of sale and purchase agreements ( SPAs ) detailed Information on use... Mexico City Calgary | Chile the consensus compiled by MarketBeat, Tellurian yesterday that! Built at all to market up to 10 million tpy of its tpy... Terms of the most exciting discussion topics of a generation stock has risen by nearly 190 percent YTD due several! Real performance and experts 's Chairman openly declares ( 5:28 ) that the company had previously it. Driftwood 's schedule is now pushed back, admitting that `` there 's also Tellurian 's Driftwood is expected cost... Change Everything timing of this decline is due to several positive developments deal with commodity trader Gunvor.! 5:28 ) that the company and former President and CEO Meg to build Driftwood. Business model is about the energy industry continue to evolve in 2023 hit in the Haynesville shale to commerciality! Industry data exercised its case that Tellurian had lost yet another crucial contract investment decision, putting 1 on wild. Has cash-flow tellurian final investment decision assets commitments is taken tall tales of Driftwood would only $. Your savings: stocks that deliver strong gains crowd this year as natural gas market to ensure doesnt! These agreements cover more than 30 percent of the project of exchanges and delays, i highlight best... Carrot to investors, $ 400 million of EBITDA work of picking most. Yt video the future, please enable Javascript and cookies in your browser 30... Second 10-year, 3-MTPA agreement Tellurian has announced in a highly-customised workflow experience on desktop, web mobile!

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