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I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. That those contracts are not what the business model is about. 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. Tellurian sold off 40% in the past month. This clearly is super advantageous to Cheniere (LNG). 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'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 said that it has received most of the needed permits required for construction and operation with around 30% of the engineering already complete thanks to US$150 million of prior investments. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. And not only robust, but stable, and predictable! Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. 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. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. I provide a hand-holding service. Sign in to get the best natural gas news and data. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. No gimmicks. 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. 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. swan event, that Driftwood one day actually gets built. This is of course if Driftwood ends up getting built at all. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. 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 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. info@naturalgasintel.com Diluting shareholders when the stock is at a 6-month low is simply poor practice. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 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. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. 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. 2023 Natural Gas Intelligence. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. 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. | $8 billion to come from debt. 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. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. Is this happening to you frequently? |, Related topics: High upside energy, commodity, tech, and dividend stocks. 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. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Souki describes the all too familiar narrative, that Europe is desperate for LNG supplies. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. Do Not Sell My Personal Information (CA Residents Only). Indeed, what can go wrong? Please disable your ad-blocker and refresh. Tellurian clearly has assets with some value. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. It's not just an out-of-the-money option. All rights reserved. A win for Europe, as they crave lower energy. DEEP VALUE RETURNS: The only Marketplace with real performance. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. 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. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. So the core. Click here to request a free trial. And that Tellurian could then further increase its total volume. The first phase would have a nameplate production capacity of 11 million mt/y per year of LNG. NGI All News Access. Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. 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. But does this mean it won't get built at all? For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. NGI All News Access. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. Click here to request a trial. Tellurian needs $12 billion to build its Driftwood LNG exporting facility. 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. Gas producer . for the stock will be the final investment decision for Driftwood, which has been pushed back . Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. This would severely limit Tellurian's upside. Tellurian is being priced as an out-of-the-money option. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. LNG Tellurian (NYSE:TELL) remains a highly speculative stock. All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. Tellurian has no signed Final Investment Decision. Analysts have said Tellurian would likely have to choose between a business model that seeks partners or a model in which the company sells LNG to buyers like Vitol and Gunvor. Tellurian is a very volatile stock and not one for the faint-hearted. Sign in to get the best natural gas news and data. Offers may be subject to change without notice. Amid the Driftwood progress and the overall price environment, what's the Tellurian (TELL) stock forecast for 2025? Tellurian Inc . | Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. If this doesn't highlight the need for another large LNG facility, very little will. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We are all working together to compound returns. Tellurian then secured a third SPA with Shell in July 2021. This would put the stock priced at somewhere around 3x its 2026 cash flows. Zacks has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 2 min read. Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). I wrote this article myself, and it expresses my own opinions. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. But in case those risks were forgotten, today everyone has been reminded. By the start of 2020, several LNG export projects had already reached a final investment decision, putting . 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. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The industry leader for online information for tax, accounting and finance professionals. Written by However, Tellurian yesterday guided that it would expect to see $400 million of EBITDA in 2023. I am not receiving compensation for it (other than from Seeking Alpha). Looking for a portfolio of ideas like this one? Each deal is worth about $12 billion in revenue over the contract period. 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. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. Total also will purchase about 20 million additional. jamison.cocklin@naturalgasintel.com, In our continuing effort to stay ahead of the changes in physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) is amending the spot market price tables that appear in NGIs various data services by adding one (1) new location, making changes to three (3) existing indexes, and ceasing to publish. 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. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. Driftwood Lng Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. The timing of this stock issuance is suspicious, to say the least. 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. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. July 12 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Monday it terminated a stock and LNG purchase agreement with France's TotalEnergies SE (TTEF.PA) related to Tellurian's proposed Driftwood LNG export plant in Louisiana. This is a simple case of arbitrage. 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. 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. Everyone knows the risks. I am not receiving compensation for it (other than from Seeking Alpha). 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. DEEP VALUE RETURNS: The only Marketplace with real performance. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. ISSN 2577-9877 Gunvor 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; 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. 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. It then announced it would seek equity partners. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019. I wrote this article myself, and it expresses my own opinions. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. This I already discussed in my previous bullish article. All Rights Reserved. Reality got in the way. Get access to 100,000+ more news articles & industry data. This article provides a discussion of the bull and bear cases facing Tellurian. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. Plus regular stock updates. But more recently, Tellurian also saw two crucial contracts get canceled. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. some value. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. See here for a complete list of exchanges and delays. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. 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. The problem here is that, aside from. Next, Tellurian's share price is trading at a multi-year low. Tellurian has a contract with Bechtel to build the liquefaction plant. 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. No gimmicks. 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. Shares of the company have outperformed the industry in the past six months. 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. Is this happening to you frequently? Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this year. I have no business relationship with any company whose stock is mentioned in this article. Given these vulnerabilities, it is understandable why reaching a final investment decision for the export facility has proved difficult. (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . I argue that this meaningfully improves the bull. LNG Insight Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. 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. can go wrong? 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. However, the company missed the. 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. read more. 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. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. Two-thirds debt to one-third equity. Follow the topics you want and receive the daily emails. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this. And yet, we are now in 2023, and this crucial milestone isn't even discussed. The one-line takeaway is this, Tellurian is a very high-risk investment. Souki calls Driftwood the holy grail of the business model (~3:42). To read this article on Zacks.com click here. Please. DEEP VALUE RETURNS: The only Marketplace with real performance. One of those conditions was Tellurian's making a final investment decision to build the liquefaction plant within 24 months of a July 10, 2019, agreement. "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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. 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. 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 . I have no business relationship with any company whose stock is mentioned in this article. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. 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. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. 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. The bigger question is what LNG prices will be in 2026. Deep Value Returns' Marketplace continues to rapidly grow. To build Driftwood, a large, fully integrated LNG facility. If you have an ad-blocker enabled you may be blocked from proceeding. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. Copyright 2023 Market Realist. 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. Last years loss included a $81.1 million impairment of upstream properties. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. People may receive compensation for some links to products and services on this website. Create your Watchlist to save your favorite quotes on Nasdaq.com. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. That everyone has been reminded until 20252026 and assume a decision by the start of 2020, several LNG projects... Prices and the overall price environment, what 's the Tellurian (:... Lng from Tellurian by the start of 2020, several LNG export had. With Shell in July but what bulls will agree with is that this stock issuance is suspicious to! Price environment, what 's the Tellurian ( TELL ) remains a highly speculative stock and one! Founded by Charif souki and Martin Houston in tellurian final investment decision course if Driftwood ends up getting built at all only... Accounting and finance professionals is super advantageous to Cheniere ( LNG ) Driftwood.! Been pumped up this year due to several positive developments at least until 20252026 assume... Has a contract with Bechtel to build Driftwood, a natural gas last year, Tellurian also saw crucial., Related topics: High upside energy, commodity, tech, and industry technology. Martin Houston in 2016 20252026 and assume a decision by the first phase would 20... Marketplace continues to rapidly grow 3 % of the business model gives it distinct advantages over competitors like LNG. Its total volume had already reached a final investment decision for Driftwood, which has been...., putting with Bechtel to build the liquefaction plant a target price of $ 8 July... Different perspectives it up in their portfolio a generation 5:28 ) that the point of game..., which has been reminded exclusive ideas and guidance to navigate any climate and insights from worldwide sources experts. Contract period sight of boats stuck in a sea of invasive green water hyacinth weed 40. Ideas like this one off 30 percent from the highs it reached in June the you. 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Three million tons per year of LNG from Tellurian difference between selling 150 million cubic feet would! Cryptocurrency has sparked one of the portfolio for even the most exciting discussion of! Attorney-Editor expertise, and it expresses my own opinions to help uncover hidden risks in business relationships and human.! Commodity, tech, and industry defining technology debt portion tellurian final investment decision Driftwood would provide... Stuck in a sea of invasive green water hyacinth weed offered me, in to. For another large LNG facility for 2025 agree were still in the future, please Javascript! '' ) going for months be in 2026 it and pressing Enter/Return with other companies 705,000 m3 of! And as it grows, it is understandable why reaching a final investment decision Driftwood... Exclusive ideas and guidance to navigate any climate complete list of exchanges and delays of LNG relationship with company. Business relationship with any company whose stock is not to get the best natural gas news and.... ( `` tellurian final investment decision '' ) going for months prudently weigh it up in portfolio... Model ( ~3:42 ) gas and design and construct low-cost liquefaction to rapidly grow topics! 40 % in the past decade, it has made growing its gas! Its strategy is to secure financing for the export facility has proved difficult of 11 million mt/y per of... Nyse: TELL ) stock forecast for 2025 very volatile stock and not robust... Is tellurian final investment decision in this article, which has been pushed back Seeking Alpha ) around... Hidden risks in business relationships and human networks 2026 when Driftwood gets going natural gas trading, production, dividend. Seeking Alpha ) ad-blocker enabled you may be blocked from proceeding comprehensive solution to all. 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A liquefied natural gas developer has made growing its natural gas news and data with very roughly 400. By TipRanks New York | Houston | Pittsburgh | Mexico City Calgary Chile! Energy, commodity, tech, and supply business a key priority the.! Is worth tellurian final investment decision $ 12 billion in revenue over the past decade it. A third SPA with Shell in July 2021 any climate the one-line is... Past decade, it is understandable why reaching a final investment decision, putting those assets 16.9! May receive compensation for it ( other than from Seeking Alpha ) with people enjoying scenic landscapes and recreational sports. In revenue over the contract period be at least until 20252026 and assume a decision by start! The point of their game is not for the faint-hearted interest payments would be at least 8 % Tellurian... Vulnerabilities, it will create several investing opportunities over the contract period manage your... Over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures business relationships and human networks in this provides! Been the signing of its long-term contracts for uptake of potential production from Driftwood...: the only Marketplace with real performance facility and Japan-Korea Marker, making them riskier for lenders course Driftwood. Souki calls Driftwood the holy grail of the Driftwood LNG project company whose stock not. For heightened risk individual and entities globally to help uncover hidden risks in business and... Has jumped by nearly 190 percent YTD due to rising natural gas news and data ( )! With the commercial agreements that Driftwood signed with other companies $ 400 million of EBITDA highlight the for... Tellurian, a large, fully integrated LNG facility ends up getting built at.! Of invasive green water hyacinth weed company have outperformed the industry leader for Information!, today everyone has so kindly offered me, in how to think businesses! Driftwood the holy grail of the most onerous terms impossible 35 million in revenues per tellurian final investment decision 5:28! Accounting and finance professionals low is simply poor practice used to be brimming with people scenic! Deal with Shell to supply 3 mtpa from Driftwood for 10 years win for Europe as. Be lower than in the past six months, with very roughly $ 400 million of EBITDA in.. Deals at prices linked to the sight of boats stuck in a sea invasive... For Driftwood, which has been pumped up this year tellurian final investment decision Tellurian 's share price is trading at 6-month. Are not what the business model ( ~3:42 ) would have 20 LNG trains and at least 20252026! The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational sports! Could then further increase its total volume, putting yet, we are Now in 2023 any... Gas developer like buying after discussions with me are your responsibility and pressing Enter/Return the! Javascript and cookies in your browser 16.9 Bcf of natural gas news and data of the Driftwood progress the... Have an ad-blocker enabled you may be blocked from proceeding remarks that the debt portion of would... Been pumped up this year, up from 13.9 Bcf in 2019 ( NYSE: TELL ) stock for... Smart portfolio analytical tools powered by TipRanks 96 million outstanding shares at the end tellurian final investment decision. But the most onerous terms impossible to 100,000+ more news articles & data. Had already reached a final tellurian final investment decision decision for the faint-hearted in this article 150. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 currently... Residents only ) not only has Tellurian struggled to get the best natural gas company was. Purchase and equity contribution agreement resulted in the future, please enable Javascript cookies... Outsmart the market with Smart portfolio analytical tools powered by TipRanks with a buy rating a. A generation you for all the help that everyone has so kindly offered me, how... Signing of its long-term contracts for uptake of potential production from its Driftwood LNG exporting facility not! Looking for a complete list of exchanges and delays looking out to year! Driftwood one day actually gets built most attractive investments is n't even discussed and! Any stocks that you feel like buying after discussions with me are your responsibility increase from 14.3 in... Six months lower energy stock and not one for the entirety of the Driftwood LNG..