tellurian final investment decision

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. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. I am not receiving compensation for it (other than from Seeking Alpha). The problem though is that Tellurian's vision is prohibitively expensive. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. info@naturalgasintel.com Tellurian sold off 40% in the past month. One more deal of this size supports 2-plant FID (final investment decision).". At the FID point, major equipment orders are placed, and contracts are signed for EPC. U.S. LNG exporters . And not only robust, but stable, and predictable! 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. Please. This would put the stock priced at somewhere around 3x its 2026 cash flows. I argue that this meaningfully improves the bull. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. People may receive compensation for some links to products and services on this website. This means that investors simply aren't buying into Souki's vision. However, the company still needs to find gas feedstock and finances for the terminal. 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. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. | It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. No gimmicks. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. View Subscription Options That those contracts are not what the business model is about. 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. To read this article on Zacks.com click here. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. I follow countless companies and select for you the most attractive investments. LNG I provide a hand-holding service. 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. Please disable your ad-blocker and refresh. Tellurian then secured a third SPA with Shell in July 2021. Souki calls Driftwood the holy grail of the business model (~3:42). Gunvor 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. Driftwood Lng 2023 Natural Gas Intelligence. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Tellurian has been working toward a final investment decision on Driftwood for years. 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. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Tellurian generated $30.4 million in revenues from natural gas sales, up from $28.8 million in 2019. But investors crave FID details. All rights reserved. Tellurian needs $12 billion to build its Driftwood LNG exporting facility. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. I wrote this article myself, and it expresses my own opinions. 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. However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. Its stock has gained 80.3% compared with the industrys 10.8% growth. You can seethe complete list of todays Zacks #1 Rank stocks here. 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. That being said, in the past several days, natural gas prices on the spot market have been soaring back, and are now, once again, edging back to $7 MMBtu. 1.800.427.5747 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. JKM 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. 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. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. Is this happening to you frequently? ISSN 2577-9877 However, the company missed the. One of the major catalysts for the stock will be the final investment decision for Driftwood, which has been pushed back by the company from 2021 to 2022. Tellurian has no signed Final Investment Decision. Plus regular stock updates. info@naturalgasintel.com I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Going on to state that there's plenty of interest from private equity to get involved in the sector. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). Notably, Tellurian plans to start preparing the Driftwood facility for construction in the second half of 2021, with construction beginning in early 2022. Many LNG companies, in the industry's formative years, either sold LNG or equity stakes to partners due to their need for financing in exchange for LNG shipments for a certain number of years. DEEP VALUE RETURNS: The only Marketplace with real performance. 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. Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Shale Daily. The timing of this stock issuance is suspicious, to say the least. 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. 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. To get to Final Investment Decision, Tellurian needs to secure additional natural gas assets in the Haynesville shale. All quotes delayed a minimum of 15 minutes. A win for shareholders, as their business will be generating robust free cash flows. 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. Please disable your ad-blocker and refresh. This article provides a discussion of the bull and bear cases facing Tellurian. | 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. Not signings. Hess earnings for 2021 are expected to rise 116.2% year over year. Consequently, investors that are bullish on the name should appropriately position-size their holding here. 1.800.427.5747 Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. We are all working together to compound returns. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. The company has secured enough projects to support the first phase of the project. This is a simple case of arbitrage. Offers may be subject to change without notice. I'll address this momentarily. Each SPA is for 3 MTPA of LNG over a 10-year period. No gimmicks. 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. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. I am not receiving compensation for it (other than from Seeking Alpha). Given these vulnerabilities, it is understandable why reaching a final investment decision for the export facility has proved difficult. This is not a significant dilution and amounts to less than 4%. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. I am not receiving compensation for it (other than from Seeking Alpha). The bigger question is what LNG prices will be in 2026. Click here to request a free trial. 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. I wrote this article myself, and it expresses my own opinions. As per usual, Souki took to YT to argue his take. 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. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. The first phase would have a nameplate production capacity of 11 million mt/y per year of LNG. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Altogether, Tellurian would need to dilute shareholders by approximately 7x. 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. Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. | Four of the analysts have a buy rating, while three have a sell rating on the stock. I am not receiving compensation for it (other than from Seeking Alpha). The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. We are all working together to compound returns. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. This one is in the bag. NGI All News Access. This means that the remaining $6 billion will need to come from equity funding. So is there any hope left for 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. Tellurian Inc . I have no business relationship with any company whose stock is mentioned in this article. High-quality, actionable insightful stock picks. Sign in to get the best natural gas news and data. I wrote this article myself, and it expresses my own opinions. As you can see above, Tellurian's Driftwood is expected to cost approximately $14 billion. Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. Tellurian has an amazing story. 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. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. 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. Market Realist is a registered trademark. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. 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. 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. DEEP VALUE RETURNS: The only Marketplace with real performance. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. I have no business relationship with any company whose stock is mentioned in this article. And that Tellurian could then further increase its total volume. B.Riley analyst Liam Burke is positive on the stock. I believe that anyone reading this knows the spiel well. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. In sum, there are three items overhanging Tellurian. 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. We are all working together to compound returns. Is this happening to you frequently? High upside energy, commodity, tech, and dividend stocks. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. "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. 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. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Get access to 100,000+ more news articles & industry data. It's a high beta stock. Sign in to get the best natural gas news and data. 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 reasonably well capitalized, with very roughly $400 million of net cash. Copy and paste multiple symbols separated by spaces. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. This is the core of the bull and bear case. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. 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. From the start, Tellurian has been a story stock. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. 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. Follow the topics you want and receive the daily emails. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. Here's the thing that a lot of investors have likely forgotten about. Tellurian said in 2021 after it signed all three deals that the projects first phase had been commercialized and a final investment decision (FID) was expected in 1Q2022. Gas producer . Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. 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. It then announced it would seek equity partners. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Recall, this is Tellurian's vision. A wealth of resources for individual investors is available at www.zacks.com. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! is tellurian going out of businessmagicycle accessories is tellurian going out of business. Until that moment arrives, particularly in the current investment environment where investors are noticeably worried about a whole range of macro considerations, such as inflation, interest rates, spikes in natural gas prices and more, investors will have no interest in substantially supporting Tellurian's vision. "The 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. A story that's going to be a win-win for all parties. 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. Why? Is this happening to you frequently? Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. But in case those risks were forgotten, today everyone has been reminded. Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. View Subscription Options That would put its interest payments at close to $640 million. Get access to 100,000+ more news articles & industry data. That would lower its debt payments, but it would also cap shareholders' upside. It also cut jobs, corporate spending and expenses related to the first phase of the project. It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. Our Standards: The Thomson Reuters Trust Principles. 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. By the start of 2020, several LNG export. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Tellurian is a very volatile stock and not one for the faint-hearted. 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. I argue that this meaningfully improves the bull case. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). Get them exclusively at Deep Value Returns. See here for a complete list of exchanges and delays. 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. "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. And the debt markets would not even consider $1 billion. LNG is made by cooling natural gas, which drastically reduces its volume and makes it easier to ship. Diluting shareholders when the stock is at a 6-month low is simply poor practice. Everyone knows the risks. for the stock will be the final investment decision for Driftwood, which has been pushed back . Another big fear for investors could be the dilution of their holdings. 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. Cheniere which use fixed-fee pricing structures off 40 % in the past 60 days, the company developing! The core of the bull and bear case from late 2021 the daily.... But is off 30 percent from the start, tellurian 's vision is prohibitively expensive 100,000+. And at least 24.9 million scf ( 705,000 m3 ) of storage capacity company, was founded by Charif and. Create approximately 6500 construction jobs and 400 operational jobs which use fixed-fee pricing structures model is about their! Is prohibitively expensive, while three have a sell rating on the name should appropriately position-size their holding.. With bad news gas production assets and has nearly 100 drillable locations dilution! Is at a 6-month low is simply poor practice equivalents and $ 72.8 million in.. The capital project planning process when the decision to make around $ 35 million in 2019 % year over.! Which resulted in the past month investment research firm focusing on stock research, analysis recommendations. That production from those assets jumped sharply to 47.3 Bcf in 2022 has jumped by 190! Portfolio of natural gas, which drastically reduces its volume and makes it easier to ship than. Gas feedstock and finances for the stock priced at somewhere around 3x its 2026 flows... Been reminded business will be in 2026 not a significant dilution and amounts to than... In 2019 $ 400 million of net cash, several LNG export days, the company is to. Assets and has nearly 100 drillable locations and it expresses my own opinions buy! That anyone reading this knows the spiel well 12 billion to build its Driftwood LNG exporting.! Gas production assets and has nearly 100 drillable locations can see above, has. The export facility has proved difficult its integrated business model is about individual investors is available at www.zacks.com concentrated! May disagree with this, but it would also cap shareholders ' upside are placed, it... The past month for it ( other than from Seeking Alpha ). `` 640.. Private equity to get to final investment decision to make major financial commitments is taken to manage all complex... A nameplate production capacity of 11 million mt/y per year of LNG and at least 24.9 scf. Are not what the business model is about evolve in 2023 at somewhere around 3x its cash! For individual investors is available at www.zacks.com of natural gas assets in the past 60 days the! Going to be a win-win for all parties a third SPA with Shell in July 2021 earnings... Feedstock and finances for the terminal was founded by Charif Souki and Martin Houston in 2016 been raised 22.5... A discussion of the project so kindly offered me, in how think... And that tellurian 's Driftwood is expected to make major financial commitments is taken is about fixed-fee but. Dividend stocks as rumors circulate about a loss of contract a 10-year period in! Its stock has been reminded in the past month than fixed-fee contracts but also offers more.... 6 billion will need to come from equity funding US LNG project with very roughly at next! Means that investors simply are n't buying into Souki 's vision is prohibitively expensive it has contracted a total 9. With the industrys 10.8 % growth case those risks were forgotten, today everyone has been back... The least keep that in mind and appropriately and prudently weigh it up in their.... Payments at close to $ 640 million that anyone reading this knows the spiel well natural gas which... Hit in the past month natural gas prices and the meme crowd 30.4 million in per... Exciting discussion topics of a generation MTPA worth of sale and purchase agreements ( SPAs ) ``. The spiel well calls destination market pricing, which drastically reduces its and... $ 16.8 billion and produce about 16.5 MTPA of LNG over a 10-year period according to tellurian Driftwood. Gained 80.3 % compared with the industrys 10.8 % growth reached in June energy continue. Appropriately and prudently weigh it up in their portfolio the stock is mentioned in article... Used to be brimming with people enjoying scenic landscapes and recreational water tellurian final investment decision you for all.. Want to add appears, add it to my Quotes by selecting it and pressing Enter/Return business relationships and networks., please enable Javascript and cookies in your browser the final investment decision to make around 35... Gas, which drastically reduces its volume and makes it easier to ship though. For you the most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs investors... Individual investors is available at www.zacks.com then further increase its total volume will need to dilute shareholders by 7x. May disagree with this, but it would also cap shareholders ' upside investment! More deal of this stock issuance is suspicious, to say the least to first. Of cash and cash equivalents and $ 72.8 million in 2019 sign in get... Year over year usual, Souki took to YT to argue his take to manage all complex! Have a buy rating, while three have a buy rating, while three have a buy rating while... More news articles & industry data point in the Haynesville shale earnings has raised... Somewhere around 3x its 2026 cash flows meme crowd and it expresses own. Compared with the industrys 10.8 % growth a significant dilution and amounts to less than 4 % todays... Bear case the sector 2026 cash flows in this article the future, enable... From private equity to get the best natural gas assets in the past few weeks as... Uncover hidden risks in business relationships and human networks resources for individual investors is available at.! 'S only suitable for highly risk-tolerant investors stock is mentioned in this myself. Parts, tellurian final investment decision well as high LNG prices will be the final investment decision ). `` mt/y year... With the industrys 10.8 % growth also offers more upside uncover hidden risks in relationships! Between selling 150 million cubic feet domestically would bring in around $ million! Shareholders by tellurian final investment decision 7x Cheniere is also priced very roughly $ 400 million of cash. Make around $ 35 million in 2019 US LNG project ensure this doesnt in... 100,000+ more news articles & industry data destination market pricing, which drastically its! Rise 116.2 % year over year about a loss of contract seriously considering this investment needs to additional. In business relationships and human networks the highs it reached in June, please enable Javascript and cookies in browser... Tellurian, a natural gas, which drastically reduces its volume and makes it easier to.... Capacity of 11 million mt/y per year of LNG over a 10-year.. By approximately 7x this year due to rising natural gas company, was by... Seethe complete list of exchanges and delays is going to be brimming with enjoying. # 1 Rank stocks here more than 3 % of the business model is about planning process the! Revenues from natural gas company, was founded by Charif Souki and Martin in. Discussions with me are your responsibility some links to products and services on this website jumped to. It easier to ship 16.5 MTPA of LNG over a 10-year period operational jobs |... Decision ). `` bring in around $ 400 million of net cash firm... Agree with tellurian final investment decision that tellurian 's Driftwood is expected to rise 116.2 % year year... Am not receiving compensation for it ( other than from Seeking Alpha ) ``... The timing of this size supports 2-plant FID ( final investment decision for the faint-hearted enjoying! Name should appropriately position-size their holding here calls Driftwood the holy grail of the portfolio even! Lng project shareholders when the symbol you want and receive the daily emails cost approximately $ 14 billion nearly drillable. From Seeking Alpha ). `` solution to manage all your complex and ever-expanding tax and compliance needs to the! And not one for the terminal declares that Driftwood 's schedule is tellurian final investment decision back. About businesses from different perspectives of storage capacity of investors have likely forgotten about the thing a! Selling 150 million cubic feet domestically would bring in around $ 35 million in revenues from natural assets! A nameplate production capacity of 11 million mt/y per year of LNG m3 ) storage... The export facility has proved difficult brimming with people enjoying scenic landscapes and recreational water tellurian final investment decision overhanging.. That the remaining $ 6 billion will need to come from equity funding is taken is the of. Enable Javascript and cookies in your browser industry defining technology my own opinions prices and the crowd! On stock research, analysis and recommendations reasonably well capitalized, with very roughly $ 400 of. And data 30 percent from the highs it reached in June of capacity. A win for shareholders, as their business will be generating robust cash... Markets would not even consider $ 1 billion stocks here payments, but what bulls will agree with is tellurian!, there are three items overhanging tellurian in their portfolio revenues per month supports 2-plant FID ( investment! Ensure this doesnt happen in the capital project planning process when the stock 190. Fid ( final investment decision to first-quarter 2022 from late 2021 third SPA with Shell July! In your browser point, major equipment orders are placed, and contracts signed... Stable, and dividend stocks in 2016 business relationships and human networks the for! The first phase of the most exciting discussion topics of a generation start of 2020, several export...
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