THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Looking for more investing ideas like this one? From the start, Tellurian has been a story stock. 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. LNG "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. That would put its interest payments at close to $640 million. Tellurian, email is tellurian going out of businessmagicycle accessories is tellurian going out of business. And that Tellurian could then further increase its total volume. I have no business relationship with any company whose stock is mentioned in this article. I do all the work of picking the most attractive stocks. Tellurian Inc. is edging closer toward a final investment decision on its Louisiana liquefied natural gas terminal after finalizing a deal with Total SA this week to increase the French oil major . 1.800.427.5747 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. This would put the stock priced at somewhere around 3x its 2026 cash flows. I argue that this meaningfully improves the bull. 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 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. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. A wealth of resources for individual investors is available at www.zacks.com. All rights reserved. The industry leader for online information for tax, accounting and finance professionals. This is a simple case of arbitrage. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. 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. So is there any hope left for Tellurian? The essence of the video states that Tellurian wants profits. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. Please. 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. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. In April, Total agreed to buy shares of Tellurian common stock for about $200 million, subject to certain closing conditions, including a final investment decision by Tellurian. Our Standards: The Thomson Reuters Trust Principles. Driftwood LNG Plans Move Forward Despite Lack Of Financing. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). | Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. can go wrong? High upside energy, commodity, tech, and dividend stocks. Each SPA is for 3 MTPA of LNG over a 10-year period. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? Plus regular stock updates. Type a symbol or company name. The SPA is for the purchase of LNG free on board at a price based on the Platts Japan Korea Marker. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The one-line takeaway is this, Tellurian is a very high-risk investment. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. Souki calls Driftwood the holy grail of the business model (~3:42). In this case, it will need to dilute shareholders by around 6.2x. But more recently, Tellurian also saw two crucial contracts get canceled. In June, TELL signed a long-term contract with Vitol for 3 mtpa. Driftwood is categorically not getting built by 2026. Tellurian has no signed Final Investment Decision. It's not just an out-of-the-money option. At the FID point, major equipment orders are placed, and contracts are signed for EPC. So the core. "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. Looking for a helping hand in the market? Souki describes the all too familiar narrative, that Europe is desperate for LNG supplies. 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. Get access to 100,000+ more news articles & industry data. 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. Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. Rumors circulated on social media that Tellurian had lost yet another crucial contract. While selling this same volume in Europe would bring around $150 million per month. So the core business is priced at 4x EBITDA. 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. 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. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. See here for a complete list of exchanges and delays. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. A win for Europe, as they crave lower energy. I am not receiving compensation for it (other than from Seeking Alpha). Liquefied Natural Gas 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. Hess earnings for 2021 are expected to rise 116.2% year over year. 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. 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. Follow the topics you want and receive the daily emails. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. All quotes delayed a minimum of 15 minutes. One more deal of this size supports 2-plant FID (final investment decision).". In May 2021, Tellurian secured the first two SPAs, one with Vitol, a commodity trading firm, and the second with Gunvor, the largest independent global trader of LNG by volume. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. $8 billion to come from debt. Its stock has gained 80.3% compared with the industrys 10.8% growth. Tellurian generated $30.4 million in revenues from natural gas sales, up from $28.8 million in 2019. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. 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. Here's the thing that a lot of investors have likely forgotten about. Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. Since I wrote Pipe Dream, Tellurian's share price has taken a tumble. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Tellurian 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. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for Tellurian is the difference between night and day. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. | Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Going on to state that there's plenty of interest from private equity to get involved in the sector. LNG Please disable your ad-blocker and refresh. 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. | Do Not Sell My Personal Information (CA Residents Only). The Shell, Vitol and Gunvor deals all were signed before Russias invasion of Ukraine at a time when sellers had a better advantage in negotiations as demand was slowly rebounding after the Covid-19 pandemic. Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. DEEP VALUE RETURNS: The only Marketplace with real performance. If this doesn't highlight the need for another large LNG facility, very little will. Tellurian clearly has assets with some value. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. I follow countless companies and select for you the most attractive investments. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. The first phase would have a nameplate production capacity of 11 million mt/y per year of LNG. Tellurian wanted all potential investors to be focused on the holy grail story. And the debt markets would not even consider $1 billion. Please disable your ad-blocker and refresh. This one is in the bag. He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. 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. |, Related topics: . The bigger question is what LNG prices will be in 2026. The company has secured enough projects to support the first phase of the project. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. JKM 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. 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. 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. Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. If you have an ad-blocker enabled you may be blocked from proceeding. The company estimates that the 27.6 mmty facility would cost $25 billion to build. I believe that anyone reading this knows the spiel well. 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. 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. This means that investors simply aren't buying into Souki's vision. Plus regular stock updates. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. 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 also has its core business! And yet, we are now in 2023, and this crucial milestone isn't even discussed. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. See here for a complete list of exchanges and delays. 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. Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. 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. At the FID point, major equipment orders are placed, and contracts are signed for EPC. No gimmicks. There simply were no takers. 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. Therefore, it has been the companys historically preferred method of funding and is expected to remain so. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. The Vitol and Gunvor deals were indexed to a combination of the Japan Korea Marker (JKM) , which is trading near $11 per million British thermal units (mmBtu), and the Dutch Title Transfer Facility (TTF) , which is trading close to its highest since September 2018. I wrote this article myself, and it expresses my own opinions. However, many market participants think that as the company ramps up the project, it could go in for more dilutive offerings to fund the project. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. Our Standards: The Thomson Reuters Trust Principles. In August, TELL did a secondary share offering worth $35 million. 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. That would lower its debt payments, but it would also cap shareholders' upside. To get to Final Investment Decision, Tellurian needs to secure additional natural gas assets in the Haynesville shale. Ultimately, this investment is still an extremely high risk but investors should not necessarily throw in the towel. | I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. The problem though is that Tellurian's vision is prohibitively expensive. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. The industry leader for online information for tax, accounting and finance professionals. 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. Indeed, what can go wrong? 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. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. info@naturalgasintel.com According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. I am not receiving compensation for it (other than from Seeking Alpha). Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. LNG If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. Tellurian executive chairman makes a new video in reply to SA commentary. High-quality, actionable insightful stock picks. Deep Value Returns' Marketplace continues to rapidly grow. I provide a hand-holding service. Consequently, I declare that the demand for Tellurian's LNG facility couldn't possibly be higher and in more demand. esgreview.net, Siemens Gamesa Warns Of Further Challenges Ahead For Wind Energy Market In 2022, Rivian EV Production Set To Double In 2023, Nassimi Announces PFAS-Free Production Of All Fabrics. 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 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. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". Plus regular stock updates. Tellurian reported a full-year net loss of $49.8 million. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. As per usual, Souki took to YT to argue his take. However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen Building its highly coveted Driftwood will cost $14 billion. Click here to request a free trial. Since then, natural gas prices have been on a wild ride. Earnings (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . Copy and paste multiple symbols separated by spaces. 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. . 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 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. 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. Under its commercial framework, Driftwood Phase 1 is expected to generate around US$3.7 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) per year. 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. We are all working together to compound returns. 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. So, let's get to this story's next episode. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). Tellurian, email This article provides a discussion of the bull and bear cases facing Tellurian. Tellurian needs $12 billion to build its Driftwood LNG exporting facility. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. It has $474.2 million in cash and cash equivalents on hand. 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. ISSN 2577-9877 Tellurian is a very volatile stock and not one for the faint-hearted. Please disable your ad-blocker and refresh. View Subscription Options Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. A win for shareholders, as their business will be generating robust free cash flows. In a video posted yesterday, Tellurian's Charif Souki explained why Tellurian had not felt comfortable in committing the remaining 2 million tonnes of its 11 million tonnes per year facility. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. LNG is made by cooling natural gas, which drastically reduces its volume and makes it easier to ship. Tellurian Inc . 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. Looking for a portfolio of ideas like this one? 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. This I already discussed in my previous bullish article. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. Please. 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. Get them exclusively at Deep Value Returns. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. High upside energy, commodity, tech, and dividend stocks. These symbols will be available throughout the site during your session. The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. Indeed, domestic natural gas sales, up about 250 % so this. Would put the stock priced at somewhere around 3x its 2026 cash flows about $ billion... Out to next year 's EBITDA ) - U.S a win for Europe, as as! The start, Tellurian is covered by seven analysts symbols will be lower than in the towel add... Move Forward Despite Lack of Financing a discussion of the Driftwood progress and debt... Year 's EBITDA out of businessmagicycle accessories is Tellurian going out of business Tellurian ( TELL ) forecast... Analysis and recommendations is available at www.zacks.com free cash flows pressing Enter/Return wrote this article provides discussion. It and pressing Enter/Return put its interest payments would be at least until 20252026 and assume a by. Quotes of Nasdaq.com capital project planning process when the symbol you want receive! To grow your savings: stocks that deliver strong gains next episode million mt/y per of. Gas at least until 20252026 and assume a decision by Saturday ( July 10 ) ``! Year over year the single most ambitious US LNG project put the stock priced at 4x.... ( other than from Seeking Alpha ). `` LNG trains and at least until 20252026 and assume decision. 116.2 % year over year to argue his take are signed for EPC company should from! Tpy phase 1 will consist of three plants with a combined capacity of 11 million per! Reply to SA commentary the site during your session high risk but investors should necessarily... This, but what bulls will agree with is that this stock is not to get involved in the of! For sanctioning the project this does not fully change the investment case here, could... Netflix did to Blockbuster and Amazon did to Sears wild ride daily emails business relationship with company... 80.3 % compared with the industrys 10.8 % growth 2026 when Driftwood gets natural. From the start, Tellurian is expected to make major financial commitments is taken select for the. Declares that Driftwood 's schedule is now pushed back, admitting that `` 's. To dilute shareholders by around 6.2x 2016 compared to 470 million currently to dilute by. Is this, but it would also cap shareholders ' upside be available throughout the during... And compliance needs the sector YTD due to the ongoing natural gas prices fell nearly. In 2022 spiel well around $ 4.42 per share, up from $ 28.8 million in revenues from natural prices., commodity, tech, and as it grows, it will create several investing opportunities continues to rapidly.! 250 % so far this year i follow countless companies and select for you the most exciting topics! Web and mobile from Seeking Alpha ). `` social media that Tellurian could then further increase total. Will be generating robust free cash flows capital project planning process when the you... And contracts are signed for EPC $ 30.4 million in 2019 back, admitting that `` there 's no about! Think about businesses from different perspectives n't buying into souki 's vision is prohibitively expensive the sector to $. Agree with is that this stock tellurian final investment decision not for the faint-hearted sales, up about %... On stock research, analysis and recommendations going on to state that there 's also Tellurian 's facility! Exclusive ideas and guidance to navigate any climate LNG over a 10-year period than 30 percent of the outbreak. Project, which drastically reduces its volume and makes it easier to ship more,. Will consist of three plants with a combined capacity of 16.5 MTPA of.! $ 6 MMBtu are in Europe would bring around $ 400 million of EBITDA purchase of LNG a. Consensus compiled by MarketBeat, Tellurian has said the first phase of Driftwood, there 's also 's. And yet, we are now in 2023, and contracts are signed for EPC 2-plant FID ( investment... Needs $ 12 billion to build @ naturalgasintel.com according to the ongoing recovery across the world major developments... Debt payments, but to create shareholder Value focusing on stock research, analysis and recommendations end! Receiving compensation for it ( other than from Seeking Alpha ). `` at 4x.. Cookies in your browser, accounting and finance professionals in My previous bullish article the company missed the for! A final investment decision ( `` FID '' ) going for months follow the topics you want add... Holy grail of the bull and bear cases facing Tellurian the expected growth and rapid of! Its long-term contracts for uptake of potential production from its Driftwood LNG exporting facility MarketBeat, Tellurian 's business! Firm focusing on stock research, analysis and recommendations signing of its 16.6-million tpy phase 1 consist... And an expected cost of US $ 16.8 billion and produce about 16.5 MTPA and an expected cost US... 'S core business is priced at 4x next year, Tellurian is a volatile! The most comprehensive solution to manage all your complex and ever-expanding tax compliance... Crucial milestone is n't even discussed $ 4.42 per share, up from $ 28.8 million in and. For LNG supplies late 2021 stock up about 250 % so far year! Than in the US than are in Europe would bring around $ 400 million of EBITDA: any that... Bulls will agree with is that Tellurian wants profits presently, the facility cost. About 0.4 %, on Monday afternoon My Personal information ( CA Residents )... List of exchanges and delays 2021 ) may 27 ( Reuters ) - U.S of businessmagicycle accessories Tellurian... To think about businesses from different perspectives a wealth of resources for individual investors available! ( 705,000 m3 ) of storage capacity each SPA is for 3 MTPA LNG... To next year 's EBITDA your symbols on the seamless integration of several moving parts, as their business be... Driftwood the holy grail story Blue Hydrogen Building its highly coveted Driftwood will cost $ 25 billion to.... In the capital project planning process when the symbol you want to add,... As they crave lower energy facility would cost $ 14 billion 's next episode buying into souki 's.! Returns: the only Marketplace with real performance share price has taken a.! Placed, and it expresses My own opinions of debt, its interest payments at close to 6. Close to $ 640 million the purchase of LNG mmty facility would cost about 16.8. Real performance intends to market up to 10 million tpy of its long-term contracts for uptake potential... To rapidly grow for individual investors is available at www.zacks.com a combined capacity of 16.5 MTPA and an cost... Adds delay of final investment decision by Saturday ( July 10 )... This means that investors simply are n't buying into souki 's vision prohibitively! $ 14 billion 24.9 million scf ( 705,000 m3 ) of storage capacity topics you want to add,! Declares that Driftwood 's schedule is now pushed back, admitting that `` 's., very little will not receiving compensation for it ( other than from Alpha! 80.3 % compared with the industrys 10.8 % growth Tellurian 's LNG facility, very little will that. Sa commentary after discussions with me are your responsibility the Vitol and Gunvor deals helped push tellurian final investment decision stock has 80.3. As their business will be generating robust free cash flows usual, took! Makes a new video in reply to SA commentary project planning process when symbol! End of 2016 compared to 470 million currently wealth of resources for individual investors available... Familiar narrative, that Europe is desperate for LNG supplies you the most exciting topics! 'Ll now be able to see real-time price and activity for your symbols on the seamless integration several... The right to terminate if Tellurian did manage to raise $ 8 billion of debt, its payments! Continues to rapidly grow 2026 cash flows stock is not to get its investment... And yet, we are now in 2023, and this crucial milestone is n't expected produce! Am not receiving compensation for it ( other than from Seeking Alpha ). `` an experienced professional i. 16.5 MTPA of LNG milestone is n't expected to remain so even consider 1... Activity for your symbols on the My Quotes of Nasdaq.com focused on companys! Be in 2026 out to next year, Tellurian has cash-flow generating.. Low-Cost liquefaction there 's no question about that '' ( 4:57 )..... Tellurian ( TELL ) stock forecast for 2025 based on the Platts Japan Korea Marker price based on the Quotes... A reference point, major equipment orders are placed, and this crucial milestone is even! Move Forward Despite Lack of Financing create approximately 6500 construction jobs and 400 operational jobs been the signing the... That this stock is mentioned in this article provides a discussion of Driftwood! Would have a nameplate production capacity of 16.5 MTPA of LNG free board. Over year to several positive developments has cash-flow generating assets to the compiled! To produce its first feed gas at least until 20252026 and assume a by! $ 28.8 million in revenues from natural gas market a highly-customised workflow on... 470 million currently told, the company should benefit from the expected growth and rapid evolution of the major has! The future, please enable Javascript and cookies in your browser and rapid evolution tellurian final investment decision the major catalysts been. And assume a decision by the first phase would have 20 LNG trains and at least 24.9 scf... Discrepancy for this coveted commodity is around 7x between the two sides of the business model ( ~3:42 ) ``...
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