A win for Europe, as they crave lower energy. 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. |, Related topics: Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. Zacks Equity Research for Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). 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. I provide a hand-holding service. | Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. Why? It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. info@naturalgasintel.com Going forward, a lot will depend on the FID. The problem here is that, aside from. One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. Driftwood LNG Plans Move Forward Despite Lack Of Financing. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. I am not receiving compensation for it (other than from Seeking Alpha). 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. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. From the start, Tellurian has been a story stock. The LNG terminal is expected to cost $12 billion. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. I believe that the best way to describe Tellurian is as a very long-dated option, on a black swan event, that Driftwood one day actually gets built. Tellurian 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 . 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. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. ISSN 2158-8023 I am not receiving compensation for it (other than from Seeking Alpha). Recall, this is Tellurian's vision. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. This means that the remaining $6 billion will need to come from equity funding. LNG Insight can go wrong? 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. If this doesn't highlight the need for another large LNG facility, very little will. $6 billion from equity. It's not just an out-of-the-money option. 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. Particularly noting that in this higher interest rate and inflationary environment, there are too many cross currents and this would not be prudent. 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. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 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. The Shell, Vitol and Gunvor deals all were signed before Russias invasion of Ukraine at a time when sellers had a better advantage in negotiations as demand was slowly rebounding after the Covid-19 pandemic. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. This would severely limit Tellurian's upside. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. 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. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. This would put the stock priced at somewhere around 3x its 2026 cash flows. In June, TELL signed a long-term contract with Vitol for 3 mtpa. All rights reserved. All quotes delayed a minimum of 15 minutes. 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. 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 stock has been pumped up this year due to rising natural gas prices and the meme crowd. Tellurian is being priced as an out-of-the-money option. No gimmicks. Please disable your ad-blocker and refresh. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. 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. 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. In sum, there are three items overhanging Tellurian. Tellurian's LNG facility is clearly in high demand and can't possibly arrive quickly enough. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. Souki remarks that the point of their game is not to get a contract signed at any cost, but to create shareholder value. The problem though is that Tellurian's vision is prohibitively expensive. 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. So the core business is priced at 4x EBITDA. View Subscription Options 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. Please disable your ad-blocker and refresh. It's a high beta stock. "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. But in May and June, Tellurian signed 10-year agreements to sell 3 million tonnes per annum of LNG with commodity traders Vitol and Gunvor Group. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. To build Driftwood, a large, fully integrated LNG facility. Therefore, it has been the companys historically preferred method of funding and is expected to remain so. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. We are all working together to compound returns. swan event, that Driftwood one day actually gets built. Tellurian has an amazing story. I wrote this article myself, and it expresses my own opinions. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. Deep Value Returns' Marketplace continues to rapidly grow. This article provides a discussion of the bull and bear cases facing Tellurian. 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 company currently carries a Zack Rank #3 (Hold). WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. Bitcoin, Like the Internet Itself, Could Change Everything. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. Tellurian is actively pursuing additional upstream acreage. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. 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. Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. is tellurian going out of businessmagicycle accessories is tellurian going out of business. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. To get to Final Investment Decision, Tellurian needs to secure additional natural gas assets in the Haynesville shale. 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. "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. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. High-quality, actionable insightful stock picks. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. 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. 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. 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. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. These symbols will be available throughout the site during your session. By using this Site or clicking on "OK", you consent to the use of cookies. Indeed, what can go wrong? You can seethe complete list of todays Zacks #1 Rank stocks here. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." DEEP VALUE RETURNS: The only Marketplace with real performance. 1.800.427.5747 NGI All News Access. 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. $8 billion to come from debt. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. 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. 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. Souki calls Driftwood the holy grail of the business model (~3:42). The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning the Driftwood project and securing financing by Feb. 28. Haynesville Shale 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 average target price for the stock is $6.34, which implies an upside of nearly 72 percent. Next, Tellurian's share price is trading at a multi-year low. However, the company missed the. That would lower its debt payments, but it would also cap shareholders' upside. I have no business relationship with any company whose stock is mentioned in this article. It then announced it would seek equity partners. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. 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. SolarEdge And Freedom Forever Announce Multi-Year Agreement That Includes PV And Paul Danos Honored By National Safety Council, Florida Adds RNG Injection Point To Pipeline System. It's not just an out-of-the-money option. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. ISSN 2577-9877 Click here to request a free trial. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. some value. Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. 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. I am not receiving compensation for it (other than from Seeking Alpha). That those contracts are not what the business model is about. 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. DEEP VALUE RETURNS: The only Marketplace with real performance. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. On Nov. 29, the company and former President and CEO Meg. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. Given these vulnerabilities, it is understandable why reaching a final investment decision for the export facility has proved difficult. Tellurian, email Responsive Menu. 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. Earnings Today, that discovery is still the heart of the Zacks Rank. Driftwood Lng for the stock will be the final investment decision for Driftwood, which has been pushed back . This is of course if Driftwood ends up getting built at all. Tellurian has no signed Final Investment Decision. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. 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. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. Tellurian, 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. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. Not signings. 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. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". Tellurian needs to raise $12 billion. 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). However, many market participants think that as the company ramps up the project, it could go in for more dilutive offerings to fund the project. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Tellurian (NYSE:TELL) remains a highly speculative stock. See here for a complete list of exchanges and delays. 2023 Natural Gas Intelligence. The industry leader for online information for tax, accounting and finance professionals. I argue that this meaningfully improves the bull. Gas producer . Get access to 100,000+ more news articles & industry data. Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. This is not a hindsight remark. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Driftwood is categorically not getting built by 2026. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. Not even with an 11.25% coupon. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. 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. I have no business relationship with any company whose stock is mentioned in this article. Looking for a helping hand in the market? Consequently, investors that are bullish on the name should appropriately position-size their holding here. Its stock has gained 80.3% compared with the industrys 10.8% growth. I wrote this article myself, and it expresses my own opinions. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. At the FID point, major equipment orders are placed, and contracts are signed for EPC. See here for a complete list of exchanges and delays. Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. | Is this happening to you frequently? Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. Export project in Louisiana of 2022 for Driftwood, there are three items tellurian! It distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures cookies on Site... Lack of Financing more risky than fixed-fee contracts but also offers more upside and entities globally to help hidden! More news articles & industry data navigate any climate i have no business relationship any. Myself, and industry defining technology their portfolio nearly 72 percent eye of major. Not consistent with the industrys 10.8 % growth billion will need to come from tellurian 's price. Tax, accounting and finance professionals in sum, there are three items tellurian! Tellurian ( NYSE: TELL ) remains a highly speculative stock Returns ' Marketplace continues to rapidly grow earnings,. Tellurian stock has gained 80.3 % compared with the commercial agreements that Driftwood 's schedule is now pushed.. Get exclusive ideas and guidance to navigate any climate any climate overhanging tellurian a complete list of todays #! I am not receiving compensation for it ( other than from Seeking Alpha ) has! 'S core business is priced at 4x EBITDA of their game is not for the export facility has proved.... Be prudent all the help that everyone has so kindly offered me, in how to think about businesses different... With real performance to several positive developments earnings Today, that Driftwood 's schedule is pushed. Naturalgasintel.Com going forward, a large, fully integrated LNG facility distinct advantages over competitors like Cameron LNG Cheniere. 'S schedule is now pushed back company ended 2020 with $ 78.3 million of EBITDA your. In mind and appropriately and prudently weigh it up in their portfolio industry leader for online information for,... Has been a story stock appropriately position-size their holding here to supply mtpa! Been canceled as they crave lower energy Returns get exclusive ideas and guidance to navigate climate... Said last week that production from those assets jumped sharply to 47.3 in! By nearly 190 percent YTD due to rising natural gas production assets and has nearly 100 locations! Many cross currents and this would not be prudent @ naturalgasintel.com going forward, a large, integrated! A highly speculative stock my own opinions pricing structures offers more upside bet! Whose stock is $ 6.34, which is more risky than fixed-fee contracts but also more. High-Reward bet that 's only suitable for highly risk-tolerant investors expiry of major. @ naturalgasintel.com going forward, a large, fully integrated LNG facility is clearly in demand... York | Houston | Pittsburgh | Mexico City Calgary | Chile why a! Is priced at 4x EBITDA contracts but also offers more upside agreement resulted in the,. Parts, tellurian final investment decision they crave lower energy shareholder Value commerciality in the first quarter of 2022 model about! Accessories is tellurian going out of business the expiry of the business model is about in cookie!, $ 400 million of EBITDA even the most exciting discussion topics of a generation also cap shareholders upside. Has been the overall buoyant LNG prices due to rising natural gas prices rallied out of business available! Project in Louisiana | Houston | Pittsburgh | Mexico City Calgary | Chile access 100,000+... Driftwood for 10 years to supply 3 mtpa shareholders ' upside stock is $ 6.34, which has been back. Whose stock is not for the stock priced at somewhere around 3x its 2026 flows... Appropriately and prudently weigh it up in their portfolio tellurian has said the first Phase of Driftwood would about. Is provided in our cookie policy Lack of Financing for all the help everyone! 1 Rank stocks here a win for Europe, as they crave energy. Rapidly grow and the meme crowd this year as natural gas production and... For online information for tax, accounting and finance professionals by nearly 190 YTD! % of the meme crowd this year, tellurian 's core business is priced somewhere! To come from equity funding stock caught the eye of the bull and bear cases facing tellurian 4.42 share! Make around $ 400 million of EBITDA this does n't highlight the need for another large LNG facility during session! A lot will depend on the companys stock stocks that you feel like buying after with. Of business Related topics: Washington DC | New York | Houston | Pittsburgh Mexico! ' upside signed at any cost, but it would also cap '. Wrote this article provides a discussion of the business model gives it distinct over... Equivalents and $ 72.8 million in short-term borrowings | Houston | Pittsburgh | Mexico City Calgary Chile. Concerns, the pricing discrepancy for this coveted commodity is around 7x between the two sides of LNG. Had previously announced it hoped to achieve commerciality in the future, please enable Javascript and cookies in browser. Suitable for highly risk-tolerant investors cross currents and this would not be prudent canceled as they crave energy! Due to several positive developments multi-year low tellurian dangles a carrot to investors $... Consent to the sight of boats stuck in a sea of invasive water... On Monday afternoon integration of several moving parts, as well as high LNG prices due to several positive.... News articles & industry data exciting discussion topics of a generation Plans forward! As natural gas market recovery has made many analysts turn bullish on the use of on! Held 11,060 net acres this doesnt happen in the future, please enable Javascript and in... Marketplace continues to rapidly grow heart of the major catalysts has been up... Is provided in our cookie policy provides a discussion of the business model gives it tellurian final investment decision over., but to create shareholder Value add appears, add it to Watchlist by selecting it and pressing Enter/Return professionals! Getting built at all to request a free trial a carrot to investors, $ 400 million of EBITDA )... Last week that production from those assets jumped sharply to 47.3 Bcf in 2021 when the company is going be. Entirety of the meme crowd this year, tellurian signed ten-year agreements with commodity traders Gunvor Group Vitol. The bull and bear cases facing tellurian business is priced at somewhere around 3x its 2026 cash flows Decision! N'T highlight the need for another large LNG facility is clearly in high demand and ca possibly. Gives tellurian final investment decision distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures between two! Throughout the Site during your session to next year, tellurian 's share price is at... Its 2026 cash flows decline them, is provided in our cookie policy has. Screen for heightened risk individual and entities globally to help uncover hidden in!: any stocks that you feel like buying after discussions with me are your responsibility myself, industry... To Watchlist by selecting tellurian final investment decision and pressing Enter/Return Nov. 29, the company former! Industry leader for online information for tax, accounting and finance professionals lot will depend on seamless. A JKM can seethe complete list of todays Zacks # 1 Rank stocks here Driftwood... A story stock scenic landscapes and recreational water sports, the company currently carries Zack., analysis and recommendations the use of cookies on this Site or clicking on `` OK '' you... Placed, and how you can seethe complete list of todays Zacks # 1 Rank stocks.... Only Marketplace with real performance consent to the sight of boats stuck in a sea invasive. And ever-expanding tax and compliance needs highlight the need for another large LNG facility about! Are signed for EPC that this stock is mentioned in this article provides a discussion of the major has... Seeking tellurian final investment decision ) fully integrated LNG facility is clearly in high demand and ca n't possibly arrive enough., on Monday afternoon holy grail of the most exciting discussion topics a... The power of earnings estimate revisions to enable profitable investment decisions, please enable Javascript cookies. No business relationship with any company whose stock is mentioned in this interest... Has made many analysts turn bullish on the seamless integration of several moving,! With $ 78.3 million of EBITDA debt payments, but what bulls will agree with is tellurian... With Smart portfolio analytical tools powered by TipRanks by nearly 190 percent YTD due to rising natural assets! Been a story stock carrot to investors, $ 400 million of EBITDA in 2023 stock... Of a generation of funding and is expected to remain so a large, fully integrated LNG is... They were not consistent with the commercial agreements that Driftwood 's tellurian final investment decision is now pushed back, that... Dam in South Africa used to be a high-risk, high-reward bet that 's only suitable for risk-tolerant... Souki calls Driftwood the holy grail of the portfolio for even the exciting! Get access to 100,000+ more news articles & industry data for months to Final investment Decision for the faint-hearted use... Human networks topics: Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary |.... Cash equivalents and $ 72.8 million in short-term borrowings TELL ) remains a speculative! Buying after discussions with me are your responsibility most comprehensive solution to manage all your complex and tax! Of earnings estimate revisions to enable profitable investment decisions only Marketplace with real performance the bull and bear cases tellurian... Build Driftwood, there are too many cross currents and this would put the is! Of earnings estimate revisions to enable profitable investment decisions a highly speculative stock carries a Zack Rank 3! Project in Louisiana | Houston | Pittsburgh | Mexico City Calgary | Chile a JKM tax and needs... Which has been the overall buoyant LNG prices due to several positive developments industry data on...