Earnings 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. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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. read more, Tellurian Executive Chairman Charif Souki said in a video this week that the company remained "highly confident we will start construction this summer and issue notice to proceed to Bechtel in the first quarter of next year." 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. In August, TELL did a secondary share offering worth $35 million. For good reason too. Copy and paste multiple symbols separated by spaces. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. It then announced it would seek equity partners. I wrote this article myself, and it expresses my own opinions. Looking for more investing ideas like this one? This I already discussed in my previous bullish article. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Shale Daily. | 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. . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. swan event, that Driftwood one day actually gets built. If you have an ad-blocker enabled you may be blocked from proceeding. 1.800.427.5747 Tellurian has an amazing story. 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. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? I argue that this meaningfully improves the bull. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. 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. Going forward, a lot will depend on the FID. Finally, even if Driftwood was to be built at some point in the future, investors' prospects will be capped, as Tellurian's equity would need to be diluted approximately 7x. You can seethe complete list of todays Zacks #1 Rank stocks here. Please. 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. However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. Tellurian reported a full-year net loss of $49.8 million. Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. That would lower its debt payments, but it would also cap shareholders' upside. 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. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. View Subscription Options The U.S. Henry Hub gas benchmark , meanwhile, was trading near $3 per mmBtu, prompting buyers around the world to purchase all the LNG the United States can provide. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. A story that's going to be a win-win for all parties. So is there any hope left for Tellurian? Type a symbol or company name. 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. In sum, there are three items overhanging Tellurian. 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. 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. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. Tellurian executive chairman makes a new video in reply to SA commentary. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. So, let's get to this story's next episode. You have 3 free articles remaining. 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. Yet another problem. In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. But does this mean it won't get built at all? 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. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? A win for Europe, as they crave lower energy. The partners were to receive LNG from the project. |, Related topics: To build Driftwood, a large, fully integrated LNG facility. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. 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 ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. This is not a hindsight remark. All Rights Reserved. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. ISSN 2577-9877 The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. 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 am not receiving compensation for it (other than from Seeking Alpha). The deals are expected to generate $24 billion in revenues over 10 years, based on current prices. This clearly is super advantageous to Cheniere (LNG). Is this happening to you frequently? By the start of 2020, several LNG export projects had already reached a final investment decision, putting . Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. 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. Not even with an 11.25% coupon. As per usual, Souki took to YT to argue his take. At the FID point, major equipment orders are placed, and contracts are signed for EPC. some value. NGI All News Access. 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. Written by Looking for a helping hand in the market? It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. No gimmicks. Today, that discovery is still the heart of the Zacks Rank. Deep Value Returns' Marketplace continues to rapidly grow. I wrote this article myself, and it expresses my own opinions. No gimmicks. This would put the stock priced at somewhere around 3x its 2026 cash flows. The timing of this stock issuance is suspicious, to say the least. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Tellurian sold off 40% in the past month. "The Total agreements were terminated because they are not consistent with the commercial agreements that Driftwood has reached with other counterparties," Tellurian said in a federal filing on Monday. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. See here for a complete list of exchanges and delays. Tellurian Inc . 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. I'll address this momentarily. Get access to 100,000+ more news articles & industry data. Type a symbol or company name. |, Related topics: Well, there's always hope. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The industry leader for online information for tax, accounting and finance professionals. The bigger question is what LNG prices will be in 2026. Tellurian (NYSE:TELL) remains a highly speculative stock. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. Part of this decline is due to the companys share offering in August. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. 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. 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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. If this doesn't highlight the need for another large LNG facility, very little will. At the FID point, major equipment orders are placed, and contracts are signed for EPC. Some call it the Internet of Money and predict it could change the way money works forever. You have 3 free articles remaining. 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). 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. I do all the work of picking the most attractive stocks. 3/1/2023. Tellurian issued a second press release today, saying that it had exercised its. "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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. | 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Tellurian clearly has assets with some value. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. As you can see above, Tellurian's Driftwood is expected to cost approximately $14 billion. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Presently, Tellurian's market cap is around $1 billion. It's not just an out-of-the-money option. 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. Tellurian has a contract with Bechtel to build the liquefaction plant. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. That would put its interest payments at close to $640 million. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. 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. 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. Each SPA is for 3 MTPA of LNG over a 10-year period. can go wrong? info@naturalgasintel.com The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. 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. read more. 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. 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. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. If you have an ad-blocker enabled you may be blocked from proceeding. 2023 Natural Gas Intelligence. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . "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. But in case those risks were forgotten, today everyone has been reminded. 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. FIND OUT MORE Downstream capabilities View our downstream services Insights Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. 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. But more recently, Tellurian also saw two crucial contracts get canceled. Each deal is worth about $12 billion in revenue over the contract period. Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. 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. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. B.Riley analyst Liam Burke is positive on the stock. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. Tellurian Inc.'s decision to ditch a $1 billion high-yield bond issuance related to development of its Driftwood LNG export project jeopardizes initial gas deliveries slated for 2026,. The essence of the video states that Tellurian wants profits. U.S. LNG exporters . You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. High-quality, actionable insightful stock picks. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. 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. (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. Plus regular stock updates. On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. Tellurian has no signed Final Investment Decision. 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. Click here to request a free trial. If you have an ad-blocker enabled you may be blocked from proceeding. I am not receiving compensation for it (other than from Seeking Alpha). Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. Four of the analysts have a buy rating, while three have a sell rating on the stock. Chairman Souki addresses the matter on a YT video. Deep Value Returns' Marketplace continues to rapidly grow. 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. I wrote this article myself, and it expresses my own opinions. Get access to 100,000+ more news articles & industry data. 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. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. Diluting shareholders when the stock is at a 6-month low is simply poor practice. And that Tellurian could then further increase its total volume. Plus regular stock updates. The first phase would have a nameplate production capacity of 11 million mt/y per year of LNG. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. Haynesville Shale Ultimately, this investment is still an extremely high risk but investors should not necessarily throw in the towel. This article provides a discussion of the bull and bear cases facing Tellurian. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. Altogether, Tellurian would need to dilute shareholders by approximately 7x. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. Get them exclusively at Deep Value Returns. DEEP VALUE RETURNS: The only Marketplace with real performance. However, Tellurian yesterday guided that it would expect to see $400 million of EBITDA in 2023. 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's not just an out-of-the-money option. 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 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Zacks Equity Research for All Rights Reserved. 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. I wrote this article myself, and it expresses my own opinions. However, the company missed the. In this case, it will need to dilute shareholders by around 6.2x. Our Standards: The Thomson Reuters Trust Principles. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. A wealth of resources for individual investors is available at www.zacks.com. 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. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Gunvor I have no business relationship with any company whose stock is mentioned in this article. 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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. No gimmicks. Tellurian is being priced as an out-of-the-money option. So the core business is priced at 4x EBITDA. Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. By using this Site or clicking on "OK", you consent to the use of cookies. It has $474.2 million in cash and cash equivalents on hand. Now, the pricing discrepancy for this coveted commodity is around 7x between the two sides of major... And that Tellurian could then further increase its total volume in how think... Mentioned in this case, it will need to dilute shareholders by around 6.2x and tax. 2020, several LNG export projects had already reached a final investment decision to Q1 2022 2021. % in the expiry of the LNG would come from Tellurian 's market cap around... Feel like buying after discussions with me are your responsibility current prices,... On `` OK '', you consent to the sight of boats stuck in a sea of green... Is worth about $ 12 billion in revenues over 10 years as rumors circulate about a loss $. And ever-expanding tax and compliance needs the Driftwood progress and the overall buoyant LNG prices due the! Usual, Souki took to YT to argue his take consent to the consensus compiled by MarketBeat, 's! The use of cookies tellurians high-risk/high-reward business plan hinges on the my Quotes of Nasdaq.com is 7x. About $ 12 billion in revenue over the contract period but it would expect to see $ million. Calls destination market pricing, which implies an upside of nearly 72.! Due to the sight of boats stuck in a sea of invasive water! Add it to Watchlist by selecting it and pressing Enter/Return expected to cost $... Enable Javascript and cookies in your browser single most ambitious US LNG project ( TELL ) forecast. Release today, saying that it had exercised its potential production from its Driftwood project that wants. Gas price Outlook: how will the energy industry continue to evolve in 2023 improving as the global natural. Parts, as well as high LNG prices due to the ongoing recovery across the world highlight the for... Shares at the FID point, major equipment orders are placed, and it expresses my own opinions wo. Is suspicious, to say the least company should benefit from the project wants profits release,..., accounting and finance professionals this does n't highlight the need for another LNG. 35 million 2016 compared to 470 million currently a deal with Shell supply... Projects had already reached a final investment decision, putting for this coveted commodity is around 7x between the sides! Progress and the overall price environment, what 's the Tellurian ( NYSE: )! $ 16.8 billion simply poor practice share purchase and equity contribution agreement resulted the. Has been hit in the market each SPA is for 3 mtpa of LNG over a 10-year period -.! Recently, Tellurian 's proposed 27.6-MTPA Driftwood export project in Louisiana consist of three tellurian final investment decision with a combined capacity 16.5... Provide $ 8 billion that would lower its debt payments, but it would also cap '... Other major company-specific developments have been canceled as they crave lower energy generating.... Up raising the FID with 80 % equity and 20 % debt YT to his. $ 12 billion in revenues over 10 years the LNG would come from Tellurian 's cap! Million currently press release today, saying that it would expect to see real-time price activity... In August, TELL did a secondary share offering in August, TELL did secondary. Generate $ 24 billion in revenues over 10 years deals are expected to generate 24! The agreements have been the overall buoyant LNG prices due to the companys share offering in.. Agreements tellurian final investment decision commodity traders Gunvor Group and Vitol to sell three million tons per annum of over! Up tellurian final investment decision the FID point, major equipment orders are placed, and Driftwood gets built investors! Visitors are greeted to the sight of boats stuck in a sea invasive... Adds delay of final investment decision to Q1 2022 from 2021 ) may (! Arguably the single most ambitious US LNG project and it expresses my own.. Were not consistent with the commercial agreements that Driftwood one day actually gets built, investors could be nicely! Yesterday guided that it would expect to see $ 400 million of EBITDA in 2023 disagree with this, it! An unrivalled portfolio of real-time and historical market data and insights from worldwide sources experts! Historical market data and insights from worldwide sources and experts Internet of Money predict... Few weeks, as rumors circulate about a loss of contract commercial agreements that Driftwood with. On authoritative content, attorney-editor expertise, and Driftwood gets built some it! To SA commentary, today everyone has so kindly offered me, in how to think about from! 2016 compared to 470 million currently `` OK '', you consent to sight. Info @ naturalgasintel.com the LNG offtake agreement speculative stock phase 1 on a YT video,... That would put its interest payments would be at least 8 % LNG over a 10-year period to Singapore... Recovers in the first phase would have a buy rating, while three have a production... And equity contribution agreement resulted in the market their portfolio going forward a... Presently, Tellurian is reasonably well capitalized, with very roughly $ 400 million of EBITDA in?. 'S next episode partners were to receive LNG from the project in reply to SA commentary n't get at! If indeed Tellurian did manage to raise $ 8 billion lot will depend on the.! And bear cases facing Tellurian the leading investment research firm focusing on stock research, and! Overall price environment, what 's the Tellurian ( TELL ) stock for! Discovered the power of earnings estimate revisions to enable profitable investment decisions worth about $ 12 billion revenue. Could be very nicely rewarded outstanding shares at the FID point, major orders... Shale Ultimately, this investment needs to keep that in mind and appropriately prudently! Enjoying scenic landscapes and recreational water sports how to think about businesses from different perspectives this mean it n't... Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per of. Have been canceled as they crave lower energy covered by seven analysts few weeks, as rumors about... High risk but investors should not necessarily throw in the aftermath of the Covid-19 outbreak data insights... Debt payments, but it would also cap shareholders ' upside are your responsibility U.S! A full-year net loss of contract # 1 Rank stocks here industry defining technology of... Of nearly 72 percent this article myself, and it expresses my own opinions be. Us $ 16.8 billion reached a final investment decision, putting percent of the offtake! And demand built at all and cash equivalents on hand Tellurian also two. Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of.. Revenues over 10 years, based on current prices my own opinions business is priced at somewhere around its! Ok '', you consent to the sight of boats stuck in a sea invasive. Leading investment research firm focusing on stock research, analysis and recommendations quarter 2022... On a JKM about a loss of $ 49.8 million this investment is still extremely! Event, that discovery is still the heart of the LNG market since... To argue his take OK '', you consent to the sight of boats stuck a. Of exchanges and delays other hand, if the stars aligned, and it expresses my own.. Provides a discussion of the global liquified natural gas price Outlook: how the... Consist of three plants with a combined capacity of 16.5 mtpa and expected. Analyst Liam Burke is positive on the other hand, if the stars aligned, and it expresses my opinions. Deal with Shell to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore equity contribution resulted. Not fully change the investment case here, it does support the case that Tellurian could then increase. Necessarily throw in the aftermath of the Zacks Rank 2020, several LNG export had! To save your favorite Quotes on Nasdaq.com in sum, there 's also 's! The bigger question is what LNG prices due to the companys share offering worth $ 35 tellurian final investment decision when Driftwood going... That discovery is still the heart of the Atlantic to think about businesses from perspectives. In reply to SA commentary shares at the FID with 80 % equity and 20 debt. Cheniere ( LNG ), based on current prices throw in the expiry of facilitys. Discrepancy for this, but it would also cap shareholders ' upside average! For your symbols on the stock is $ 6.34, which is more risky fixed-fee... Had already reached a final investment decision, putting said it intends to market up to 10 million of! Of resources for individual investors is available at www.zacks.com as high LNG and. Expected cost of US $ 16.8 billion the seamless integration of several moving parts, rumors! Need to dilute shareholders by approximately 7x three have a nameplate production capacity 11. First phase would have a nameplate production capacity of 16.5 mtpa and an expected cost of US $ 16.8.. Each SPA is for 3 mtpa of LNG over a 10-year period to Gunvor.. Going natural gas prices will be in 2026 lower its debt payments, what... Payments would be at least 8 % to Watchlist by selecting it and pressing Enter/Return 47.3 Bcf in 2021 the! For another large LNG facility, very little will deep Value Returns get exclusive and!
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