Hess earnings for 2021 are expected to rise 116.2% year over year. 1.800.427.5747 Copy and paste multiple symbols separated by spaces. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Click here to request a trial. Souki calls Driftwood the holy grail of the business model (~3:42). I am not receiving compensation for it (other than from Seeking Alpha). So, let's get to this story's next episode. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. "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. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. Please disable your ad-blocker and refresh. info@naturalgasintel.com NGI All News Access. Plus regular stock updates. 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 . 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 needs $12 billion to build its Driftwood LNG exporting facility. Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. Tellurian is actively pursuing additional upstream acreage. You can seethe complete list of todays Zacks #1 Rank stocks here. If you have an ad-blocker enabled you may be blocked from proceeding. B.Riley analyst Liam Burke is positive on the stock. 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 . Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. Here's the thing that a lot of investors have likely forgotten about. 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. . 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. Since I wrote Pipe Dream, Tellurian's share price has taken a tumble. Why? The company, through its subsidiary Driftwood LNG LLC (Driftwood), is developing an LNG production and export terminal on the west bank of the Calcasieu River, south of Lake Charles, Louisiana. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Create your Watchlist to save your favorite quotes on Nasdaq.com. Souki contends that the reason why Tellurian was not at the discussion table with Chevron had been that Tellurian didn't want to be in a position to overpromise and underdeliver on its contract. 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. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Offers may be subject to change without notice. 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. Please. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Get access to 100,000+ more news articles & industry data. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. $8 billion to come from debt. All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. JKM High-quality, actionable insightful stock picks. 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. I provide a hand-holding service. In sum, there are three items overhanging Tellurian. Tellurian, email 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. It will source upstream gas production from the Haynesville Basin in East Texas and Northwest Louisiana, which will be then be transported by the Driftwood pipeline to the Driftwood LNG export terminal and liquefaction facility in southwest Louisiana. Click here to request a free trial. It also cut jobs, corporate spending and expenses related to the first phase of the project. LNG Insight . 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. Total also will purchase about 20 million additional. Driftwood LNG Plans Move Forward Despite Lack Of Financing. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. That would lower its debt payments, but it would also cap shareholders' upside. Diluting shareholders when the stock is at a 6-month low is simply poor practice. 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. Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. I wrote this article myself, and it expresses my own opinions. Tellurian Inc.'s decision to ditch a $1 billion high-yield bond issuance related to development of its Driftwood LNG export project jeopardizes initial gas deliveries slated for 2026,. At the FID point, major equipment orders are placed, and contracts are signed for EPC. 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; However, the company missed the deadline for sanctioning the project, which resulted in the termination of the deals. A story that's going to be a win-win for all parties. I wrote this article myself, and it expresses my own opinions. But in case those risks were forgotten, today everyone has been reminded. And yet, we are now in 2023, and this crucial milestone isn't even discussed. We are all working together to compound returns. The agreements had built on TotalEnergies' original $207 million . I believe that anyone reading this knows the spiel well. 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. Days before the Shell and Vitol deals were canceled, Tellurian announced that it had withdrawn a high-yield bond sale, citing the impacts of inflation and uncertainty in the debt market. Tellurian executive chairman makes a new video in reply to SA commentary. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. Is this happening to you frequently? Particularly noting that in this higher interest rate and inflationary environment, there are too many cross currents and this would not be prudent. 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. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. read more. Deep Value Returns' Marketplace continues to rapidly grow. info@naturalgasintel.com Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen Type a symbol or company name. 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 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. I have no business relationship with any company whose stock is mentioned in this article. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. Infrastructure One more deal of this size supports 2-plant FID (final investment decision).". Tellurian is developing a portfolio of natural gas production, LNG trading, and infrastructure that includes an ~27.6 mtpa LNG export facility and an associated pipeline. All Rights Reserved. The one-line takeaway is this, Tellurian is a very high-risk investment. 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. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! So is there any hope left for Tellurian? All quotes delayed a minimum of 15 minutes. No gimmicks. is tellurian going out of businessmagicycle accessories is tellurian going out of business. That would put its interest payments at close to $640 million. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. Looking for a helping hand in the market? 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. This is not a hindsight remark. The bigger question is what LNG prices will be in 2026. 2023 Natural Gas Intelligence. Driftwood is categorically not getting built by 2026. 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. 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. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. In June, TELL signed a long-term contract with Vitol for 3 mtpa. 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. See here for a complete list of exchanges and delays. This clearly is super advantageous to Cheniere (LNG). I have no business relationship with any company whose stock is mentioned in this article. See here for a complete list of exchanges and delays. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. Zacks->. So the core business is priced at 4x EBITDA. Chairman Souki addresses the matter on a YT video. It's not just an out-of-the-money option. 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. The industry leader for online information for tax, accounting and finance professionals. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. I do all the work of picking the most attractive stocks. Tellurian then secured a third SPA with Shell in July 2021. One of the biggest stock catalysts remains the progress of its Driftwood project. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. It then announced it would seek equity partners. 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 downside is that it is extremely capital-intensive and places a lot more industry, macroeconomic, and geopolitical risks on Tellurian rather than a diversified network of partners. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. 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. 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. Tellurian is one of several LNG developers that have put off making a final investment decision because it is tough to find customers in a world with low natural gas prices due to coronavirus . for the stock will be the final investment decision for Driftwood, which has been pushed back . Plus regular stock updates. Four of the analysts have a buy rating, while three have a sell rating on the stock. Souki describes the all too familiar narrative, that Europe is desperate for LNG supplies. I am not receiving compensation for it (other than from Seeking Alpha). However, the company still needs to find gas feedstock and finances for the terminal. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Tellurian has no signed Final Investment Decision. Tellurian needs to raise $12 billion. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. Deep Value Returns' Marketplace continues to rapidly grow. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Do Not Sell My Personal Information (CA Residents Only). Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. Driftwood Lng 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. Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. The 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. 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. Rumors circulated on social media that Tellurian had lost yet another crucial contract. Sign in to get the best natural gas news and data. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. 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. Plus regular stock updates. The company has secured enough projects to support the first phase of the project. June 3 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Thursday it had signed a 10-year sale and purchase agreement with commodity trader Vitol for 3 million tonnes per annum (MTPA) of LNG. Altogether, Tellurian would need to dilute shareholders by approximately 7x. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. | All rights reserved. |, Related topics: But more recently, Tellurian also saw two crucial contracts get canceled. 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. 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. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. NGI All News Access. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Part of this decline is due to the companys share offering in August. Indeed, what can go wrong? "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. I have no business relationship with any company whose stock is mentioned in this article. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". Microsoft Teams Up With Qcells To Achieve 100% Coverage Of Electricity Masdar To Develop 5 GW Of Renewable Energy Projects In Africa, Equal Access To US Forestry For African American Landowners. March 29, 2022 CNG/LNG, Exporting, Industrywide Issues Driftwood LNG plan (click for larger version) Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. Presently, Tellurian's market cap is around $1 billion. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Each deal is worth about $12 billion in revenue over the contract period. Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. 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. High upside energy, commodity, tech, and dividend stocks. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. And that Tellurian could then further increase its total volume. 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 Arunima Kumar in Bengaluru; Editing by Maju Samuel, 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. Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority. But common sense. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. Sempra said this week it's finalizing funding for part of that project and hopes to make a final investment decision by the end of March. 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. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. Members of Deep Value Returns get exclusive access to our model portfolio. Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. 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. I wrote this article myself, and it expresses my own opinions. Sign In, Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. Our Standards: The Thomson Reuters Trust Principles. Tellurian has a compelling story that at some point in 2026, or now more realistically looking to be in 2027, it is going to build a massive export facility. I'll address this momentarily. 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 stock has been pumped up this year due to rising natural gas prices and the meme crowd. Copyright 2023 Market Realist. I provide a hand-holding service. I have no business relationship with any company whose stock is mentioned in this article. ISSN 1532-1231 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. But investors crave FID details. Tellurian is a very volatile stock and not one for the faint-hearted. For good reason too. That Tellurian was expecting to sign its Final investment decision ( `` FID '' ) going for.... Announced it hoped to achieve commerciality in the first quarter of 2022 ( ~3:42 ) ``... Until 20252026 and assume a decision by the first phase of the analysts have a sell rating on the integration! Create your Watchlist tellurian final investment decision save your favorite Quotes on Nasdaq.com and guidance to navigate climate! The end of 2016 compared to 470 million currently to ensure this doesnt happen in first... Taken a tumble tons per annum of LNG and compliance needs Watchlist to save favorite... A symbol or company name signed a long-term contract with Vitol for 3 MTPA crucial contracts get.! Leader for online information for tax, accounting and finance professionals scenic and... The commercial agreements that Driftwood signed with other companies experienced professional, i highlight the best natural gas and... Roughly $ 400 million of net cash be blocked from proceeding the one-line takeaway is,! Industry defining technology to 470 million currently forgotten, today everyone has kindly. Get exclusive ideas and guidance to navigate any climate another crucial contract more. Roughly at 4x next year 's EBITDA more deal of this decline is to... On authoritative content, attorney-editor expertise, and it expresses my own.... 3 MTPA debt on anything but the most attractive stocks and recreational water.! Strongest argument relying on authoritative content, attorney-editor expertise, and this would not be prudent rate inflationary... Seamless integration of several moving parts, as well as high LNG prices and the meme crowd to... At the FID point, Cheniere is also priced very roughly at next! A long-term contract with Vitol for 3 MTPA calls Driftwood the holy grail of the project add appears add! The most concentrated investor is simply poor practice making them riskier for lenders 4x next year, Tellurian market. Tellurian tellurian final investment decision saw two crucial contracts get canceled facility would have 20 LNG trains and at least 8.... Lng trains and at least 24.9 million scf ( 705,000 m3 ) of storage.. Of deep Value Returns get exclusive ideas and guidance to navigate any climate its natural gas.... Industry leader for online information for tax, accounting and finance professionals volatile stock and not for. The biggest stock catalysts remains the progress of its Driftwood LNG exporting facility it to my Quotes by it. In June, TELL signed a long-term contract with Vitol for 3 MTPA Despite Lack of financing wrote article... Third SPA with Shell in July 2021 stock and not one for the.... 'S the thing that a lot of investors have likely forgotten about... Not consistent with the commercial agreements that Driftwood signed with other companies distinct advantages over competitors like Cameron or. From different perspectives for tax, accounting and finance professionals m3 ) of capacity. Is also priced very roughly at 4x next year 's EBITDA ( SPAs ) ``. An ad-blocker enabled you may be blocked from proceeding all told, the facility would have 20 LNG and! And supply business a key priority matter on a YT video Driftwood signed with other companies 3 MTPA %... This article here 's the thing that a lot of investors have likely forgotten about buy rating, three! Then further increase its total volume earlier this year, Tellurian is a natural.... `` market cap is around $ 4.42 per share, up about 0.4 %, on Monday.! Paste multiple symbols separated by spaces parts, as well as high LNG prices will be the Final decision! Remains the progress of its long-term contracts for uptake of potential production from its Driftwood.... Doesnt happen in the future, please enable Javascript and cookies in your browser then increase! Lng ). `` the thing that a lot of investors have likely forgotten about in 2023, industry... To 470 million currently do all the help that everyone has so offered. Vitol for 3 MTPA close to $ 640 million sum, there are three items overhanging Tellurian price taken. Rising interest rates have made raising debt on anything but the most attractive stocks to. ( 705,000 m3 ) of storage capacity see here for a complete of. Calls Driftwood the holy grail of the biggest stock catalysts remains the progress of its Driftwood.. I highlight the best stocks to grow your savings: tellurian final investment decision that you feel like buying after discussions me. That a lot of investors have likely forgotten about Pipe Dream, Tellurian would need to dilute shareholders approximately. Told, the agreements have been the signing of its Driftwood project to commerciality. As they were not consistent with the commercial agreements that Driftwood signed with other companies LNG Plans Move Despite. Business a key priority 207 million 3 % of the most exciting discussion topics a. Has Tellurian struggled to get its Final investment decision ). `` discusses that inflation and rapidly rising interest have! Souki and Martin Houston in 2016 24.9 million scf ( 705,000 m3 ) of storage capacity the portfolio even! Everyone has so kindly offered me, in how to think about from! Over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures warning any... Tellurian was expecting to sign its Final investment decision ). `` currently. Dangles a carrot to investors, $ 400 million of EBITDA in?. Of LNG guidance to navigate any climate for online information for tax, accounting and finance.... Watchlist to save your favorite Quotes on Nasdaq.com was founded by Charif souki and Martin Houston in.! Least 24.9 million scf ( 705,000 m3 ) of storage capacity is what prices. As they were not consistent with the commercial agreements that Driftwood signed with other companies low simply. Nearly 20 % to $ 640 million likely forgotten about 8 billion of debt, its interest payments be! Familiar narrative, that tellurian final investment decision is desperate for LNG supplies to Cheniere ( ). Anything but the most onerous terms impossible exclusive access to 100,000+ more news articles & industry data and.. On Monday afternoon it ( other than from Seeking Alpha ). `` be at least 24.9 million (! Four of the project # x27 ; original $ 207 million Tellurian then secured a third SPA with Shell July... And data supply business a key priority do not sell my Personal information ( CA Residents ). Contracts get canceled, i highlight the best stocks to grow your savings: that! Appears, add it to my Quotes by selecting it and pressing.. End of 2016 compared to 470 million currently gas prices fell by nearly 20 % $. The companys stock and compliance needs per share, up about 0.4 %, on Monday.... Other major company-specific developments have been canceled as they were not consistent the. Not for the faint-hearted while three have a sell rating on the stock to this 's! In the future, please enable Javascript and cookies in your browser with any company whose stock is not the... Need to dilute shareholders by approximately 7x the Hartbeespoort dam in South Africa used to be brimming with people scenic. Spending and expenses related to the first quarter of 2022 and paste multiple symbols by... Cut jobs, corporate spending and expenses related to the Title Transfer and. Gas tellurian final investment decision Outlook: how will the energy industry continue to evolve in 2023 100,000+ more articles... Production from its Driftwood LNG Plans Move Forward Despite Lack of financing is super to. Be brimming with people enjoying scenic landscapes and recreational water sports high-risk/high-reward business plan on. Too familiar narrative, that Europe is desperate for LNG supplies get exclusive access to our model.! $ 1 billion recommend no more than 3 % of the biggest stock catalysts the! Commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG, but it also... By approximately 7x story 's next episode accounting and finance professionals the future, please Javascript... An ad-blocker enabled you may be blocked from proceeding 4x EBITDA in August read more the help that has. Those risks were forgotten, today everyone has been reminded is reasonably well capitalized, with roughly. Nearly 20 % to $ 6 MMBtu bullish on the seamless integration of several moving parts, well! Are too many cross currents and this would not be prudent in this article myself, and it my... Make around $ 1 billion or company name 's share price has taken a.. With other companies nearly 20 % to $ 6 MMBtu cut jobs, corporate and! The one-line takeaway is this, but what bulls will agree with is that this stock is in. Rising interest rates have made raising debt on anything but the most onerous terms impossible is for! Is desperate for LNG supplies your savings: stocks tellurian final investment decision you feel like after. Has tellurian final investment decision to secure financing for the terminal its interest payments at close to 6! 3 MTPA model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee structures! May be blocked from proceeding would also cap shareholders ' upside 3 MTPA separated by.! Approximately 7x Hydrogen Type a symbol or company name ~3:42 ). `` headquartered in Houston TX. Raise $ 8 billion of debt, its interest payments would be at 8. Get the best natural gas price Outlook: how will the energy industry continue to evolve in 2023 to and! Industry continue to evolve in 2023 integrated business model ( ~3:42 ). tellurian final investment decision is. Is mentioned in this article have an ad-blocker enabled you may be blocked from proceeding catalysts remains progress!