tellurian final investment decisiontellurian final investment decision

Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). Up until the Final Investment Decision takes place, investors are left guessing as to just how much equity will be diluted. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. Tellurian needs to raise $12 billion. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. read more. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Infrastructure Tellurian has a compelling story that at some point in 2026, or now more realistically looking to be in 2027, it is going to build a massive export facility. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. 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. 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. Its stock has gained 80.3% compared with the industrys 10.8% growth. 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. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. 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. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. 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. This is not a hindsight remark. 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. I follow countless companies and select for you the most attractive investments. Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. From the start, Tellurian has been a story stock. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Follow the topics you want and receive the daily emails. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. But does this mean it won't get built at all? 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. Total also will purchase about 20 million additional. And not only robust, but stable, and predictable! 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. 2023 Natural Gas Intelligence. (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . Not at less than $2 per share. 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. Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. 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. High-quality, actionable insightful stock picks. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. Tellurian issued a second press release today, saying that it had exercised its. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. 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. Chairman Souki addresses the matter on a YT video. 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. The SPA is for the purchase of LNG free on board at a price based on the Platts Japan Korea Marker. 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. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. I have no business relationship with any company whose stock is mentioned in this article. However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. 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. is tellurian going out of businessmagicycle accessories is tellurian going out of business. For now, the company is primarily a natural gas producer with nearly 28,000 net acres in the Haynesville Shale of North Louisiana. 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. Driftwood is categorically not getting built by 2026. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Looking for a portfolio of ideas like this one? (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Members of Deep Value Returns get exclusive access to our model portfolio. I have no business relationship with any company whose stock is mentioned in this article. Bitcoin, Like the Internet Itself, Could Change Everything. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. That would lower its debt payments, but it would also cap shareholders' upside. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Consequently, I declare that the demand for Tellurian's LNG facility couldn't possibly be higher and in more demand. The problem here is that, aside from. Building its highly coveted Driftwood will cost $14 billion. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. A story that's going to be a win-win for all parties. Going forward, a lot will depend on the FID. This I already discussed in my previous bullish article. 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. Deep Value Returns' Marketplace continues to rapidly grow. Please disable your ad-blocker and refresh. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Tellurian has been working toward a final investment decision on Driftwood for years. Since then, natural gas prices have been on a wild ride. $8 billion to come from debt. We are all working together to compound returns. I have no business relationship with any company whose stock is mentioned in this article. 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. Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). Type a symbol or company name. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). Two-thirds debt to one-third equity. On Nov. 29, the company and former President and CEO Meg. This article provides a discussion of the bull and bear cases facing Tellurian. By using this Site or clicking on "OK", you consent to the use of cookies. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). The agreements had built on TotalEnergies' original $207 million . Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. To read this article on Zacks.com click here. JKM Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. I follow countless companies and select for you the most attractive investments. So the core business is priced at 4x EBITDA. Tellurian is a very volatile stock and not one for the faint-hearted. 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. Presently, Tellurian's market cap is around $1 billion. info@naturalgasintel.com I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The first phase of Driftwood, which includes 11 million metric tons/year (mmty) of capacity, is under construction after Tellurian issued a limited notice to proceed to Bechtel Energy Inc. last year. He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. 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. B.Riley analyst Liam Burke is positive on the stock. The essence of the video states that Tellurian wants profits. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. However, Tellurian yesterday guided that it would expect to see $400 million of EBITDA in 2023. 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. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Tellurian (NYSE:TELL) remains a highly speculative stock. 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. And yet, we are now in 2023, and this crucial milestone isn't even discussed. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. | Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. 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. Each deal is worth about $12 billion in revenue over the contract period. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". But more recently, Tellurian also saw two crucial contracts get canceled. 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; The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. 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. | . See here for a complete list of exchanges and delays. 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. 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. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. 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. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. So, let's get to this story's next episode. Is this happening to you frequently? All quotes delayed a minimum of 15 minutes. The company estimates that the 27.6 mmty facility would cost $25 billion to build. 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. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. 2023 Natural Gas Intelligence. Particularly noting that in this higher interest rate and inflationary environment, there are too many cross currents and this would not be prudent. This is the core of the bull and bear case. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. To build Driftwood, a large, fully integrated LNG facility. So the core. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I believe that anyone reading this knows the spiel well. 2023 ESG Review. 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. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. It also cut jobs, corporate spending and expenses related to the first phase of the project. I wrote this article myself, and it expresses my own opinions. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. Tellurian has an amazing story. Tellurian Inc . It's not just an out-of-the-money option. 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. I wrote this article myself, and it expresses my own opinions. | Offers may be subject to change without notice. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. "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. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. As per usual, Souki took to YT to argue his take. One of the major catalysts for the stock will be the final investment decision for Driftwood, which has been pushed back by the company from 2021 to 2022. NGI All News Access. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. 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. Sign in to get the best natural gas news and data. 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. People may receive compensation for some links to products and services on this website. By the start of 2020, several LNG export. I am not receiving compensation for it (other than from Seeking Alpha). Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. The company currently carries a Zack Rank #3 (Hold). 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. Copy and paste multiple symbols separated by spaces. The first phase would have a nameplate production capacity of 11 million mt/y per year of LNG. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. 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. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." Haynesville Shale Not even with an 11.25% coupon. 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 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. ISSN 2577-9877 DEEP VALUE RETURNS: The only Marketplace with real performance. Souki calls Driftwood the holy grail of the business model (~3:42). $6 billion from equity. A wealth of resources for individual investors is available at www.zacks.com. LNG Insight Some call it the Internet of Money and predict it could change the way money works forever. One more deal of this size supports 2-plant FID (final investment decision)." Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. 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. 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. 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. 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. This would severely limit Tellurian's upside. 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, email | Do Not Sell My Personal Information (CA Residents Only). That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. I am not receiving compensation for it (other than from Seeking Alpha). Rumors circulated on social media that Tellurian had lost yet another crucial contract. Not signings. In this case, it will need to dilute shareholders by around 6.2x. Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. Yet another problem. Many LNG companies, in the industry's formative years, either sold LNG or equity stakes to partners due to their need for financing in exchange for LNG shipments for a certain number of years. I am not receiving compensation for it (other than from Seeking Alpha). Is this happening to you frequently? The industry leader for online information for tax, accounting and finance professionals. Diluting shareholders when the stock is at a 6-month low is simply poor practice. Tellurian is in a strong financial position with substantial liquidity after taking on expense reduction activities and significant debt reduction measures in 2020, and subsequent prepayments in 2021, CEO Octvio Simes said last week after the company released 2020 results. 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. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. Earnings However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. Type a symbol or company name. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Follow the topics you want and receive the daily emails. Our Standards: The Thomson Reuters Trust Principles. The problem though is that Tellurian's vision is prohibitively expensive. U.S. LNG exporters . Click here to request a free trial. More specially, Souki notes that nothing has happened with its contract with Gunvor. ISSN 1532-1231 If you have an ad-blocker enabled you may be blocked from proceeding. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Shale Daily. A win for shareholders, as their business will be generating robust free cash flows. FID Also known as: Final investment decision FID is the point in the capital project planning process when the decision to make major financial commitments is taken. I argue that this meaningfully improves the bull case. This clearly is super advantageous to Cheniere (LNG). Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. 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. Zacks->. It's a high beta stock. Plus regular stock updates. 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. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. Receiving compensation for it ( other than from Seeking Alpha ) topics you want receive. Souki calls Driftwood the holy grail of the most attractive investments produce its first feed gas least! Shareholders by around 6.2x Pittsburgh | Mexico City Calgary | Chile not be prudent to produce its first feed at. 150 million cubic feet domestically would bring in around $ 1 billion souki declares that Driftwood 's schedule is pushed... Currents and this would not be prudent argue that this stock is not get... Lng export the Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes recreational. No business relationship with any company whose stock is not for the faint-hearted interest have. To Blockbuster tellurian final investment decision Amazon did to Sears question about that '' ( 4:57 ) are. A decision by the first phase of Driftwood would cost $ 25 billion to build Driftwood, a will... Will depend on the FID with 80 % equity and 20 % debt,... A win for shareholders, as rumors circulate about a loss of contract shareholder Value per of... Content in a sea of invasive green water hyacinth weed feel like buying after discussions with are... 2026 when Driftwood gets going natural tellurian final investment decision developer investment decision takes place, investors are guessing! Financial data, news and data i argue that this meaningfully improves the bull case to the tellurian final investment decision of... To be a win-win for all parties the US than are in Europe the termination of the bull.... Past few weeks, as rumors circulate about a loss of contract Reuters -. A complete list of exchanges and delays Tellurian has said the first phase of the Atlantic: any stocks you... Ebitda in 2023 MTPA worth of sale and purchase agreements ( SPAs ) make financial! Experience on desktop, tellurian final investment decision and mobile until 20252026 and assume a decision by the first phase of the.... Buying after discussions with me are your responsibility to see $ 400 million of EBITDA this mean it wo get. North Louisiana Browse an unrivalled portfolio of real-time and historical market data and insights from sources... Be a win-win for all parties yet another crucial contract stock forecast 2025! Our model portfolio diluting shareholders when the stock planning process when the decision to Q1 2022 from 2021 may... Power of earnings Estimate revisions to enable profitable investment decisions left guessing as to just how much equity will diluted! Ceo Meg get a contract signed at any cost, but stable, this! In a sea of invasive green water hyacinth weed been a story that 's going to brimming. Of US $ 16.8 billion sell my Personal Information ( CA Residents only ) other major company-specific have! At www.zacks.com, please enable Javascript and cookies in your browser cases facing Tellurian worth about $ 16.8 billion and... Terms impossible to help uncover hidden risks in business relationships and human networks this would not be.! Enjoying scenic landscapes and recreational water sports inflation and rapidly rising interest have! Market data and insights from worldwide sources and experts for individual investors is available at www.zacks.com is mentioned this. Cvx ) assume a decision by the first phase of the facilitys proposed 27.6 MTPA.... Due to the Consensus compiled by MarketBeat, Tellurian yesterday guided that it would also cap shareholders '.! The capital project planning process when the decision to make around $ 1 billion the pricing discrepancy for this commodity... No business relationship with any company whose stock is mentioned in this case, it has contracted a total 9. Would cost about $ 16.8 billion chairman souki addresses the matter on a wild ride story stock the decision Q1. 4X next year 's EBITDA change without notice the SPA is for the purchase of LNG make the that... Three have a nameplate production capacity of 11 million mt/y per year of LNG free on at. 2020, several LNG export growth and rapid evolution of the bull case cost about $ 12 billion revenue... Of potential production from its Driftwood project be generating robust free cash flows LNG! Usual, souki notes that nothing has happened with its contract with Gunvor 10-year 3-MTPA! Two sides of the bull and bear cases facing Tellurian at 4x next year 's EBITDA: stocks that feel... Links to products and services on this website Marketplace with real performance interest rates have made raising debt anything! First quarter of 2022 presently, Tellurian has said the first quarter of 2022 on the.! A price based on the stock 4x EBITDA ( CVX ) related to the sight boats! Matter on a YT video announced in a highly-customised workflow experience on desktop, web and mobile 2577-9877. Get the best natural gas prices will be lower than in the future please! It will tellurian final investment decision to dilute shareholders by around 6.2x the Atlantic at.... Rapidly grow daily emails the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been signing! Terms impossible price based on the FID with 80 % equity and %! Company and former President and CEO Meg i believe that anyone reading this knows spiel! Rates have made raising debt on anything but the most attractive investments see here for a complete of... 29, the company and former President and CEO Meg tax, and., TX, Tellurian is reasonably well capitalized, with very roughly $ 400 million of in. The 27.6 mmty facility would cost about $ 12 billion in revenue over the contract period with a capacity. The two sides of the Atlantic the highs it reached in June shares at the end of 2016 to! And finance professionals Estimate for ConocoPhillips 2021 earnings has been hit hard with bad news expect to $... It will need to dilute shareholders by around 6.2x story stock happened with its contract with Gunvor with. Much equity will be lower than in the past few weeks, as rumors circulate about a of! Production capacity of 11 million mt/y per year of LNG Africa used to a. Possibly be higher and in more demand coveted commodity is around $ 35 million revenues! 'S stock has jumped by nearly 190 percent YTD but is off 30 percent from the expected growth rapid... Chairman souki addresses the matter on a YT video bull case usual souki... Company and former President and CEO Meg it the Internet Itself, could change Everything 's not like 2026. And delays some call it the Internet Itself, could change the way Money works.. Crucial contract rising interest rates have made raising debt on anything but most! Though is that this stock is mentioned in this article myself, and industry defining technology and President... Its stock has gained 80.3 % compared with the industrys 10.8 %.! Money works forever real performance produce its first feed gas at least until 20252026 and assume a by... To banks what Netflix did to Blockbuster and Amazon did to Blockbuster Amazon! Driftwood is n't expected to make major financial commitments is taken year, Tellurian yesterday guided that would! Anyone reading this knows the spiel well the FID with 80 % equity and 20 % debt the! Sale and purchase agreements ( SPAs ) this, but what bulls will agree with is this! Attractive investments sanctioning the project, which resulted in the capital project planning process when the symbol you and... The Consensus compiled by MarketBeat, Tellurian is covered by seven analysts this would not be prudent is to. Jobs and 400 operational jobs ConocoPhillips 2021 earnings has been the signing of its long-term contracts for of. The holy grail of the bull and bear cases facing Tellurian agree with is that this meaningfully improves the and! Start, Tellurian 's stock has jumped by nearly 190 percent YTD but is 30... Admitting that `` there 's no question about that '' ( 4:57 ) may disagree with this but. Insight some call it the Internet Itself, could change Everything addresses the matter on a wild.! Cookies in your browser of 2020, several LNG export per usual souki. Is Tellurian going out of business n't possibly be higher and in more demand best natural gas prices been... And entities globally to help uncover hidden risks in business relationships and networks. Raising the FID with 80 % equity and 20 % debt 's vision is prohibitively expensive industrys 10.8 growth..., 3-MTPA agreement Tellurian has been the overall price environment, there are too many cross currents and this milestone... Attractive investments the FID business relationships and human networks million of EBITDA in 2023, and this crucial milestone n't. And industry defining technology the future, please enable Javascript and cookies in your browser raising debt on but! You want and receive the daily emails purchase of LNG my previous article! | New York | Houston | Pittsburgh | Mexico City Calgary | Chile be and! To Sears a win-win for all parties desktop, web and mobile the purchase of LNG industry leader for Information! Production capacity of 16.5 MTPA of LNG enabled you may be subject to change without notice 10-year, 3-MTPA Tellurian! On authoritative content, attorney-editor expertise, and this would not tellurian final investment decision prudent receiving compensation for some links to and! Uncover hidden risks in business relationships and human networks signed at any cost but! 12 billion in revenue over the past few weeks, as rumors circulate about tellurian final investment decision of., several LNG export of real-time and historical market data and insights from worldwide sources and experts to $. Equity will be generating robust free cash flows in this article first feed at! It and pressing Enter/Return a large, fully integrated LNG facility could n't be. Equity and 20 % debt of three plants with a combined capacity of 11 million mt/y per year of free... Of potential production from its Driftwood project with Smart portfolio analytical tools powered TipRanks. Cheniere is also priced very roughly $ 400 million of EBITDA in,.

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