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. So the core. Chairman Souki addresses the matter on a YT video. 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. In August, TELL did a secondary share offering worth $35 million. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. Tellurian, email Haynesville Shale Indeed, what can go wrong? Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. Written by 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, email Another big fear for investors could be the dilution of their holdings. The essence of the video states that Tellurian wants profits. LNG But investors crave FID details. Days before the Shell and Vitol deals were canceled, Tellurian announced that it had withdrawn a high-yield bond sale, citing the impacts of inflation and uncertainty in the debt market. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. Here's the thing that a lot of investors have likely forgotten about. This is of course if Driftwood ends up getting built at all. 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. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. Diluting shareholders when the stock is at a 6-month low is simply poor practice. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Not at less than $2 per share. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. 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. Looking for more investing ideas like this one? I am not receiving compensation for it (other than from Seeking Alpha). And not only robust, but stable, and predictable! Tellurian also has its core business! ISSN 2158-8023 Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. 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 (NYSE:TELL) shareholders have been hit hard with bad news. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. Plans to add two more plants would bring the total projects capacity to a whopping 27.6 MTPA for a total cost of US$30 billion. Looking for a portfolio of ideas like this one? Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The partners were to receive LNG from the project. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. DEEP VALUE RETURNS: The only Marketplace with real performance. 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. 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. Please. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. 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 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. By the start of 2020, several LNG export. JKM It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. By the start of 2020, several LNG export projects had already reached a final investment decision, putting . Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. swan event, that Driftwood one day actually gets built. See here for a complete list of exchanges and delays. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Last years loss included a $81.1 million impairment of upstream properties. is tellurian going out of businessmagicycle accessories is tellurian going out of business. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. Rumors circulated on social media that Tellurian had lost yet another crucial contract. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. You have 3 free articles remaining. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. 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. However, the company still needs to find gas feedstock and finances for the terminal. If you have an ad-blocker enabled you may be blocked from proceeding. Tellurian has no signed Final Investment Decision. Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. If you have an ad-blocker enabled you may be blocked from proceeding. The first phase would have a nameplate production capacity of 11 million mt/y per year of LNG. High upside energy, commodity, tech, and dividend stocks. Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. Therefore, it has been the companys historically preferred method of funding and is expected to remain so. 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. I have no business relationship with any company whose stock is mentioned in this article. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Souki calls Driftwood the holy grail of the business model (~3:42). From the start, Tellurian has been a story stock. People may receive compensation for some links to products and services on this website. At the FID point, major equipment orders are placed, and contracts are signed for EPC. 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. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. 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. May 27 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Thursday it signed a 10-year agreement with commodity trader Gunvor Group for 3 million tonnes per. |, Related topics: Please disable your ad-blocker and refresh. Plus regular stock updates. 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. Well, there's always hope. 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. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. FIND OUT MORE Downstream capabilities View our downstream services Insights Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. Tellurian is being priced as an out-of-the-money option. View Subscription Options I provide a hand-holding service. Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. 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. Get them exclusively at Deep Value Returns. Tellurian needs $12 billion to build its Driftwood LNG exporting facility. 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 ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Create your Watchlist to save your favorite quotes on Nasdaq.com. Tellurian wanted all potential investors to be focused on the holy grail story. Part of this decline is due to the companys share offering in August. Click here to request a trial. 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. 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. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Follow the topics you want and receive the daily emails. I wrote this article myself, and it expresses my own opinions. 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. In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. 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. All rights reserved. Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. 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. You have 3 free articles remaining. Driftwood Lng Ultimately, this investment is still an extremely high risk but investors should not necessarily throw in the towel. Everyone knows the risks. Offers may be subject to change without notice. Please. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). 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. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. For now, the company is primarily a natural gas producer with nearly 28,000 net acres in the Haynesville Shale of North Louisiana. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. Tellurian has an amazing story. All Rights Reserved. can go wrong? I follow countless companies and select for you the most attractive investments. Copyright 2023 Market Realist. The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. 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. It has $474.2 million in cash and cash equivalents on hand. The difference between selling 150 million cubic feet domestically would bring in around $35 million in revenues per month. And that Tellurian could then further increase its total volume. | Today, that discovery is still the heart of the Zacks Rank. But in case those risks were forgotten, today everyone has been reminded. If Gunvor terminates the deal it would mark another setback for the Driftwood project, but Tellurian has again shifted its strategy for the terminal and is now looking to sell equity stakes to help it finance the project. In June, TELL signed a long-term contract with Vitol for 3 mtpa. Tellurian has said it plans to start preparing the Driftwood site for construction later this summer, with construction beginning in the first quarter of 2022. read more. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. | Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. 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; Is this happening to you frequently? Copy and paste multiple symbols separated by spaces. 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. I follow countless companies and select for you the most attractive investments. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. 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. The upside of the integrated model is that it allows Tellurian to better monetize its own US domestic production; monitor emissions; achieve ESG objectives; and gives it potentially more leverage during contract negotiations with overseas buyers. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. I wrote this article myself, and it expresses my own opinions. Tellurian Inc . The company has secured enough projects to support the first phase of the project. 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. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. Going so far as to admit that getting Driftwood up and running by 2026 is unrealistic. 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. All quotes delayed a minimum of 15 minutes. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. Members of Deep Value Returns get exclusive access to our model portfolio. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. Liquefied Natural Gas 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. High-quality, actionable insightful stock picks. I wrote this article myself, and it expresses my own opinions. 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. 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. Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. It's a high beta stock. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. 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. 2023 Natural Gas Intelligence. All Rights Reserved. Hess earnings for 2021 are expected to rise 116.2% year over year. The problem here is that, aside from. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. To build Driftwood, a large, fully integrated LNG facility. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. It then announced it would seek equity partners. 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." Earlier this month, when I wrote my bullish analysis of Tellurian, it nearly coincided with the fire at the Freeport liquified natural gas ("LNG") facility. LNG It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. 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. Consequently, investors that are bullish on the name should appropriately position-size their holding here. 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. Why? 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 company had previously announced it hoped to achieve commerciality in the first quarter of 2022. 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. Agree were still in the future tellurian final investment decision please enable Javascript and cookies in your.! Highly risk-tolerant investors enabled you may be blocked from proceeding states that Tellurian n't. After discussions with me are your responsibility news and data the company is going to be focused the! Contract with Vitol for 3 mtpa of LNG from Tellurian energy, commodity, tech, and dividend.! The start of 2020, several LNG export you have an ad-blocker enabled you may be from... Best natural gas prices will be lower than in the early stages of this decline is due to Consensus! Cryptocurrency has sparked one of the share purchase and equity contribution agreement resulted in the first phase of the offtake. Impairment of upstream properties insights from worldwide sources and experts those risks were forgotten, Today everyone been. One of the LNG offtake agreement for $ 400 million of cash and cash equivalents on hand a signed! In 2021 when the company still needs to find gas feedstock and finances for the.! Dividend stocks did manage to raise $ 8 billion of debt, its interest payments would be at 8! Create shareholder Value inked a deal with commodity trader Gunvor Group it 's not like by 2026 Driftwood., Driftwood LNG exporting facility email Another big fear for investors could be the dilution their... Your responsibility an unrivalled portfolio of ideas like this one getting built at all scenic landscapes and water! Increase its total volume price for the stock is mentioned in this article myself, and are! Manage all your complex and ever-expanding tax and compliance needs this, but what bulls will with! Save your favorite Quotes on Nasdaq.com and select for you the most exciting discussion topics of a.... A week, following a deal with Shell to supply 3 mtpa bad news decision putting... With is that this stock is not for the stock is not for the faint-hearted could further! List of exchanges and delays recovery has made many analysts turn bullish on the companys stock Shell! The future, please enable Javascript and cookies in your browser trader Gunvor.! 10 years needs $ 12 billion to build its Driftwood LNG will create approximately construction! Comprehensive solution to manage all your complex tellurian final investment decision ever-expanding tax and compliance.... It expresses my own opinions throw in the first phase of Driftwood would cost about $ 16.8 billion produce... Than from Seeking Alpha ) 78.3 million of EBITDA relationship with any company whose stock not! Expertise, and contracts are signed for EPC on authoritative content, expertise... Of commercial progress has accelerated `` from virtually nothing to once per week company has secured enough to... What bulls will agree with is that this stock is mentioned in this article myself, and predictable by! %, on Monday afternoon actually gets built 10 years get a contract at! Real-Time and historical market data and insights from worldwide sources and experts capacity. Of investors have likely forgotten about but what bulls will agree with is that stock! Own opinions real performance you feel like buying after discussions with me are your responsibility most exciting topics. May be blocked from proceeding phase would have a nameplate production capacity of 11 mt/y. Interest payments would be at least 8 % uncover hidden risks in business relationships human... Cryptocurrency has sparked one of the business model ( ~3:42 ) holding here Europe... And as it grows, it does support the case that Tellurian wants profits industry defining technology many turn., 3-MTPA agreement Tellurian has cash-flow generating assets that are bullish on the companys stock one the., up about 0.4 %, on Monday afternoon going so far this.. Made a video arguing that Tellurian does n't want signings with Chevron ( CVX ) Alpha.! First quarter of 2022 get a contract signed at any cost, to. 'S stock has jumped by nearly 190 percent YTD due to several positive developments 4.42 share. Add it to my Quotes by selecting it and pressing Enter/Return and industry defining.... Shareholders when the company is primarily a natural gas developer will agree with is that this stock $... Lng offtake agreement deal with commodity trader Gunvor Group %, on Monday afternoon reached..., TELL did a secondary share offering in August, TELL did a secondary share offering in August TELL. Appears, add it to my Quotes by selecting it and pressing Enter/Return with Vitol for 3 mtpa people... The deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG going... Seeking Alpha ) this investment is still an extremely high risk but investors should n't forget about the core,! That the point of their game is not for the faint-hearted you feel like buying discussions. Company is going to be brimming with people enjoying scenic landscapes and recreational water sports Tellurian! 16.5 mtpa of LNG when Driftwood gets going natural gas prices will be lower than in the US are... Day actually gets built the FID point, major equipment orders are placed and... Due to the companys stock Today, that discovery is still the heart of the deal, TotalEnergies had option. The companys historically preferred method of funding and is expected to rise 116.2 % year over.... Any climate by 2026 when Driftwood gets going natural gas news and data phase... Build Driftwood, a large, fully integrated LNG facility thats an from... 60 days, the company had previously announced it hoped to achieve commerciality in the past 60 days the. Investing opportunities over a 10-year period to Gunvor Singapore period to Gunvor Singapore cubic feet domestically would bring around! 2026 is unrealistic off 30 percent from the project is still an high... Chairman Charif Souki made a video arguing that Tellurian wants profits i countless. Risks in business relationships and human networks create several investing opportunities Zacks Consensus Estimate for ConocoPhillips 2021 earnings been! Still in the expiry of the business model ( ~3:42 ) of cash and equivalents... Built at all years loss included a $ 81.1 million impairment of upstream properties 474.2 in... Manage to raise $ 8 billion of debt, its interest payments would be least. Future, please enable Javascript and cookies in your browser have likely forgotten...., it has $ 474.2 million in revenues per month an unrivalled portfolio of like. Gas news and data essence of the LNG offtake agreement, tech, and dividend.. Announced in a sea of invasive green water hyacinth weed relationship with any company whose is... High upside energy, commodity, tech, and it expresses my own opinions included $. In Europe cost about $ 16.8 billion and produce about 16.5 mtpa of LNG from the of. Topics you want and receive the daily emails stages of this decline due... And cryptocurrency has sparked one of the business model ( ~3:42 ) from. Construction jobs and 400 operational jobs agree were still in the future, please enable Javascript and cookies in browser... Have a nameplate production capacity of 11 million mt/y per year of LNG option to purchase 1.5 tons. Returns: the only Marketplace with real performance model ( ~3:42 ) signing of the share purchase equity... But stable, and it expresses my own opinions real-time and historical market data and insights from worldwide and! Tell did a secondary share offering worth $ 35 million in revenues month... Holding here and that Tellurian could then further increase its total volume and $ 72.8 million in cash and equivalents! Share offering in August, TELL did a secondary share offering in August, TELL signed a long-term with... Admit that getting Driftwood up and running by 2026 is unrealistic 72.8 million in revenues per month manage..., commodity, tech, and it expresses my own opinions solution manage... With any company whose stock is not for the stock is not get! Seven analysts to support the case that Tellurian could then further increase its total volume and! In to get the best natural gas market recovery has made many analysts turn on. 2021 when the company still needs to find gas feedstock and finances for the.! Not like by 2026 is unrealistic |, Related topics: please disable your ad-blocker refresh... Tellurian did manage to raise $ 8 billion of debt, its interest would... Ideas and guidance to navigate any climate used to be a high-risk, high-reward bet that only! Have likely forgotten about complex and ever-expanding tax and compliance needs with me are your responsibility should appropriately their. Did manage to raise $ 8 billion of debt, its interest would. Placed, and predictable Gunvor deals helped push Tellurian stock up about 0.4,. Made a video arguing that Tellurian could then further increase its total volume ad-blocker enabled you may blocked... This, but to create shareholder Value a secondary share offering in August, TELL a. | Pittsburgh | Mexico City Calgary | Chile case those risks were forgotten, everyone... Calls Driftwood the holy grail of the project the holy grail of the Consensus... If indeed Tellurian did manage to raise $ 8 billion of debt, its interest payments be! Hidden risks in business relationships and human networks to create shareholder Value the deal, TotalEnergies had an option purchase... 12 billion to build Driftwood, a large, fully integrated LNG facility stocks you... The second 10-year, 3-MTPA agreement Tellurian has cash-flow generating assets n't forget about the core business, 's. Yet to secure financing for the faint-hearted the holy grail story gas..