WebTellurian Inc. (TELL) NYSE American - NYSE American Delayed Price. It also raised $116 million in a public stock offering in the third quarter of 2021. I wrote this article myself, and it expresses my own opinions. LNG is made by cooling natural gas, which drastically reduces its volume and makes it easier to ship. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. Tellurian's Higher Margin Business Model: There are multiple risks to the varied assumptions we have made in modelling Tellurian. Re: PyschoNoobStock post# 1700. 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. This breakdown includes $8.5 billion for the actual LNG terminal, $1.5 billion in miscellaneous operational costs, roughly $900 million for pipeline development, and financing, interest, and other costs totaling $1.9 billion. Robust cash flow analyses of oil and gas companies. A very long-dated option. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. After news broke that a critical financing round for the company was shut down by management because of what management referred to as uncertainty in the junk bond market, the company was left with a lack of capital needed to fund its $12.8 billion Driftwood LNG project. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. Looking for a helping hand in the market? The community should be loading the hell out of this. Either the market was not confident about the projections, investors were not confident about management, or some combination of the two. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. The industry leader for online information for tax, accounting and finance professionals. High upside energy, commodity, tech, and dividend stocks. In Perelandra, Dr. So I think its affecting every cafe differently. The community should be loading the hell out of this. The overall terms of these notes were promising. In the US, the average cost per gallon is $3.51, up seven cents from a week ago. Charif Souki, the Executive Chairman of Tellurian ( TELL) was the cofounder and co-CEO of Cheniere Energy ( LNG ). Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. Under the now-terminated agreement, TotalEnergies "had agreed to purchase, and Tellurian had agreed to issue and sell" 19.9 million shares of Tellurian stock in exchange for a cash purchase price of $10.064 per share, subject to the satisfaction of certain closing conditions. Normally, investors should have been all over this kind of deal. Take our quiz to see if you can guess the listing price of this 3,070-square-foot home in the Dunes of West Beach. Regardless, if the company does continue along this path, it's unclear what the future holds. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. This project is slated to cost the company $12.8 billion to build for the first two plants of the five, with said project capable of 11 million tons of capacity per year. And that investors should expect a similar setup to Sempra Energy (SRE), where an LNG terminal will start to be built imminently, with a similar capital structure to Driftwood. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. (6) Management estimate for 2023 based on a capital budget of ~$330 million that has not been approved by the Tellurian board of directors. WebShame on TELL mgmt for not issuing a statement last week on the selloff, as any reputable company would when its stock crashes that much in a single day (even if they're not aware of a reason, they simply state such to give their investors an update & peace of mind). How Driftwood, an LNG terminal, will be built for about $12 billion, and how its building continues to progress even at this moment. Analysts have been steadily raising their estimates for Tellurian Inc. Over the past three months, the Zacks Consensus Estimate for the company has increased 4820%. However, the company withdrew that offering in mid-September due to uncertain conditions in the high-yield bond market as the Federal Reserve raised interest rates. This press release contains forward-looking statements within the meaning of U.S. federal securities laws. According to the Reuters report, as of March 1, Souki held around 11 million shares. (5) Management estimate of total reserves and contingent resources as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) in accordance with the definitions and guidelines set forth in the 2018 PRMS. Long-stalled projects such as NextDecades Rio Grande LNG and Energy Transfers Lake Charles LNG have nearly caught up with Tellurian in the race to woo buyers. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Unlike other LNG projects, the company has asked buyers to sign contracts for only 10-years even as the project could take decades to pay off. And investors' appreciation of this improving business trend should push the stock higher. But because there does exist a lot of uncertainty regarding these and managements path forward, I do think a more appropriate rating for the company is a hold, to reflect a more neutral stance on the enterprise until the dust settles. Initially, the goal was to pay out an annual interest rate of 11.25%. I do still find myself scratching my head as to why the deal ultimately fell through. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol "TELL". Is this happening to you frequently? From November 1st DN Media Group is responsible for controlling your data on Upstream. Simply put, I suspect Souki now holds less than $6 million worth of stock in Tellurian. ago Unfortunately, reality had different plans in store. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Major change: Tellurian co-founder Charif Souki says the company will focus on domestic gas production with the eventual goal of exporting LNG internationally. "With Henry Hub $7 or $8, they're going to have to raise even more money to lock in the best properties, which everybody's already clamoring for," he said. Before joining the papers business desk in May 2020 she worked as a City Hall reporter in Massachusetts, where she won regional awards for covering issues such as police accountability and the exploitation of undocumented restaurant workers. But not severe enough to prevent the company from raising cash on what could only have been described as onerous terms. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. And in the chart below, you can see financial performance covering the first half of the 2022 fiscal year compared to the first half of the 2021 fiscal year. The booksellers closure comes as Amazon (AMZN) is making drastic cuts to its workforce to reduce costs. I said $100, and after they called the boss, they agreed. This was a high-yield bond sale looking for $1 billion in capital. It also plans to drill 12 to 14 natural gas wells that are expected to produce 220 mmcfed by the end of Fiscal Year 2022. Obviously, we are currently in a rising interest rate environment and it is uncertain what the future holds for energy prices. But it's unclear how the company will finance the massive project. was news that it pulled a bond offering and terminated two sales contracts as it shifted the financing strategy for its proposed Driftwood LNG project. Invest better with The Motley Fool. We're not quite there yet, but AAA says the price of gas is rising. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Lewis's classic science fiction Space Trilogy, which also includes Out of the Silent Planet and That Hideous Strength.. To sum up the investment case, Tellurian Inc. is a very speculative bet. 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. Learn More. Deep Value Returns' Marketplace continues to rapidly grow. Follow us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. That particular set of assets helped to increase the company's upstream net acreage from 15,000 to 20,000 and to increase its natural gas production from 270 MMcf per day to 350 MMcf per day. These symbols will be available throughout the site during your session. Even though we are still waiting for Tellurian's Q1 2023 to be reported, I would be astounded if Tellurian even reports $40 million of EBITDA in Q1. One of the biggest stock catalysts remains the progress of its Driftwood project. In January, Amazon CEO Andy Jassy announced in a blog His claim is that pulling the bond offering will put in jeopardy the ability of the company to deliver gas on the schedule it was hoping to. Even after revising the terms of the debt to offer a 12.5% all-in yield instead of the original 11.25% interest rate, there was still insufficient interest from the investment community to gather the $1 billion. We are all working together to compound returns. 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. The Motley Fool has no position in any of the stocks mentioned. Never mind the fact that in the second quarter of this year, investments in production helped to increase natural gas output by 47% compared to the first quarter of this year. WebThe intrepid professor Dr. As a result, I am bullish on TELL. Kroger is an American retail company that operates supermarkets, department stores and pharmacies. Next, let's discuss Souki's latest video. What's more, he said, is Tellurian's plan to hedge that risk by becoming a major natural gas producer in the Haynesville shale play in Louisiana has been thrown into question by soaring competition. Tellurian's Chairman has nearly sold all his holding in Tellurian. Having said that, the company does have some other assets that might make an investment at current prices worthwhile. (1) Management estimate of EnSight June 2022 average sales volumes of target assets. The EnSight asset is a great fit with Tellurians existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022.". Apples default Weather app briefly went down for many users on Tuesday morning, showing blank screens with no data. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. "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. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Tellurian's fee rate is variable, exposing it to the market. Its been more than a year since Driftwood has landed a long-term contract to provide LNG, setting it apart from competing projects that have had no shortage of buyers since Russias invasion of Ukraine sparked a global energy crunch and reignited the LNG industry. To show investors that, irrespective of the chatter that Bechtel is leaving the site, work on the site is progressing. WebRead reviews, compare customer ratings, see screenshots and learn more about Startup Pro: Launch 10x Faster. The company estimates that it will begin export operations by 2023. For Tellurian Inc. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. I have no business relationship with any company whose stock is mentioned in this article. The death notice came nearly a year to the day after Lord & Taylor was acquired by fashion-rental startup Le Tote, and 25 days after 08/15/2009. Alias Born. And if the company starts issuing common stock to fund the deal, it could push its share price down considerably depending on how the firms existing assets are being valued. Tellurian shares plunged Tuesday on news the Houston liquefied natural gas company scrapped plans for a public offering that would have helped fund its Driftwood LNG project in Louisiana. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. For example, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. What is Tellurian's (TELL) stock forecast for 2025? Apples default Weather app briefly went down for many users on Tuesday morning, showing blank screens with no data. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Web37 Likes, 0 Comments - Arizona State University 2027 Class Bios (ASU '27) (@asu2027bios) on Instagram: "hey everybody!! Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian shares plunged after it scrapped fundraising plans for its Driftwood LNG project. Tellurian posted a net loss of approximately $18.7 million, translating to a basic and diluted loss of $0.04 per share. Recall, Tellurian needs about $12-$13 billion of capital to build its Driftwood project, before inflation. The result: many users felt clueless about what was happening outside. Absolutely nothing. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. However, at that time, the board of directors had not yet approved such a budget. The analyst noted the company's inability to raise capital even at a high cost "simply reinforces the challenge of capital raising and challenging prospects of the project attracting a strategic investor.". To read more about DN Media Group, I have no business relationship with any company whose stock is mentioned in this article. Morgan said that while the company is "still far from out of the game," given its approvals and contracts, it's unclear where it goes next. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. Copyright 2023 Market Realist. If you have an ad-blocker enabled you may be blocked from proceeding. Wednesday, April 05, 2023 1:47:32 PM. These revelations led analysts to downgrade their view. With over 2,700 stores across the United States, Kroger is one of the largest grocery store chains in the country, serving millions of customers every day. To make matters worse, the company also pledged to attach warrants to these notes, entitling owners to buy 75 shares of common stock in the company for each $1,000 in principal debt that they owned. Download Startup Pro: Launch 10x Faster and enjoy it on your iPhone, iPad and iPod touch. Having. Plus regular stock updates. DEEP VALUE RETURNS: The only Marketplace with real performance. In August, TELL did a secondary share offering worth $35 million. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. While the broader market is bearish on natural gas and other fossil fuels, Tellurian should still see strong growth thanks to natural gas' status as a cheap, clean fuel alternative. The Company is unable to present a reconciliation of forward-looking asset-level EBITDA because certain components of the calculation are subject to change. Tellurian is working to build a large-scale LNG export facility to capitalize on growing global LNG demand. Apr 4, 2023 6:00 AM, Thunder Energies Hires RESPEC That means no money is going to come into my business," the 29-year-old said. This foray ended when management decided to withdraw its offering. In the latest video, at approximately 9:40, Souki discusses how the contractors still believe that by the end of 2026, Driftwood would be able to start exporting LNG cargos. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. Recall, Tellurian needs about $12-$13 billion of capital to build its Driftwood project, before inflation. High-quality, actionable insightful stock picks. August 06, 2021 12:33 PM Eastern Daylight Time. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. Of course, this number is not entirely reliable. To read this article on Zacks.com click here. But because there does exist a lot of uncertainty regarding these and managements path forward, I do think a more appropriate rating for the company is a hold, to reflect a more neutral stance on the enterprise until the dust settles. Recent Results Tellurian's third quarter of 2021, which ended September 30, saw revenue of approximately $15.6 million. You can read more about how we handle your information in our privacy policy. In fact, from 2021 through 2030, the company has forecasted that total demand growth will be around 198 million tons per annum, with supply growth totaling just 115 million tons. Of course, the company could opt to take a minority position in the LNG terminal and related activities. Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. At this moment, the financial situation for Tellurian is complicated. A bookselling website owned by Amazon announced it would be going out of business on Twitter Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1), Approximately 5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana, 44 producing wells and five wells in progress at transaction close, Low-cost, high-margin producing assets generating significant free cash flow, Asset-level projected 2023 EBITDA of approximately $90-120 million (2), High return, de-risked drilling inventory with over 30 gross drilling locations (3), EnSight is currently operating a one-rig drilling program, which Tellurian plans to maintain on the acquired assets through the fourth quarter of 2022, Proved reserves of approximately 108 billion cubic feet of natural gas (Bcf) and a $180 million PV-10 projected (3), 2022 proforma net production estimated to be ~140 MMcf/d, from 39 MMcf/d in 2021 (4), At closing, TPCs Haynesville Shale acreage increases to ~20,000 net acres, with >275 gross drilling locations and a net resource expected at >2 trillion cubic feet (Tcf) (5), Tellurian anticipates TPC 2023 drilling program to be a two-rig program with approximately 350 MMcf/d of net production (6), Tellurian President and CEO Octvio Simes said, "Tellurian continues to focus on two critical pathways - progressing Driftwood LNG and continuing to increase our upstream footprint. WebA little fun on this sunny day. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The company showcased a strong balance sheet and ended the quarter with approximately $210.8 million in cash and cash equivalents and zero debt. that Tellurian's share price could reach $3.25 by Feb 23, 2024. This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. The Motley Fool has a disclosure policy. But then again, this is not the first time that the company has made a peculiar move. Combined with the company's other assets, this kind of EBITDA generation would require around $330 million annually in order to achieve. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. He said a number of elements of the project put Driftwood on a path apart from the others. Type a symbol or company name. Market cap: $35.02 billion. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. I would get back to this particular transaction momentarily, but what's important to note is that this entire scenario is more or less unrelated to the larger Driftwood LNG project and seems like a distraction at a time when all extra financing should be dedicated to the monumental export terminal. July 12 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Monday it terminated a stock and LNG purchase agreement with France's TotalEnergies SE (TTEF.PA) related to Tellurian's proposed Driftwood LNG export plant in Louisiana. Harnessing the Power of Earnings Estimate Revisions. This time came and went. ), where an LNG terminal will start to be built imminently, with a similar capital structure to Driftwood. There may be an opportunity for the company to pivot significantly. These factors also could have played a role in what transpired. When the $20 billion Driftwood terminal is complete in five years, it will be capable of Tellurian Chairman Charif Souki has traveled from boardroom to boardroom peddling plans for his massive liquefied natural gas project in Louisiana. 8 analysts offering 12-month price targets in the last 3 months for Tellurian evaluate the company at an average price target of $6.42 with a high of $8.00 and a low of $4.40. In June of this year, management, citing strip pricing from June 24th as a base, said that annual EBITDA starting in 2023 should be around $400 million assuming the company spends $300 million in capital to achieve it. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. ", TPC President John Howie added, "We have been diligently growing our natural gas production and reserves in the Haynesville. In late August, Tellurian announced its intentions to offer and sell units consisting of 11.25% senior secured notes due in 2027 and. Photographer: Aaron M. Sprecher/Bloomberg. Analysts 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. Posted on Apr 4, 2023 Updated on Apr 4, 2023, 2:00 pm CDT. (2) Asset-level EBITDA excludes corporate general and administrative expenses. 2022 revenue: $148.30 billion. This compares to the $7.3 million in revenue Although this is a positive financially, TELL shares plummeted because the move throws into doubt the firm's ability to fund its $12.8 billion Driftwood LNG export terminal project. See here for a complete list of exchanges and delays. When I said no, they asked me what I was willing to pay. Today, you can download 7 Best Stocks for the Next 30 Days. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. Download Startup Pro: Launch 10x Faster and enjoy it on your iPhone, iPad and iPod touch. For example, Stifel analyst Benjamin Nolan lowered that firm's price target from $3 per share to $2 while keeping a sell rating. Ransom is recruited by the denizens of Malacandra, befriended in Out of the Silent In late August, Tellurian announced its intentions to offer and sell units consisting of 11.25% senior secured notes due in 2027 andwarrantsto purchase shares in the company. WebThe nations oldest department store announced Aug. 27 that it would close all 38 of its locations. The LNG terminal is expected to cost $12 billion. Tellurian Reports 25% Increase in Natural Gas Production for Third Quarter 2022 Business Wire 11/02/2022 11:22:00 AM. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. Samuel Smith for Investors might want to bet on Tellurian Inc. (TELL), as it has been recently upgraded to a Zacks Rank #2 (Buy). Meanwhile, in the background, Souki continues to incessantly liquidate his holding in Tellurian. He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. It could pay off spectacularly if the company secures funding and builds Driftwood. Tellurian shares plunged Tuesday on news the Houston liquefied natural gas company scrapped plans for a public offering that would have helped fund its Growth and rapid evolution of the most powerful forces impacting stock prices what Tellurian. And related activities terminal will start to be a high-risk, high-reward bet 's... At current prices worthwhile present a reconciliation of forward-looking asset-level EBITDA because certain components of the chatter Bechtel... 'S note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the of. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role as! Delayed price, up seven cents from a week ago a reconciliation is tellurian going out of business forward-looking EBITDA! Of stock in Tellurian as Amazon ( AMZN ) is making drastic cuts to its workforce to reduce.. Guess the listing price of this 3,070-square-foot home in the Haynesville opinions expressed above may not reflect those seeking... Apples default Weather app briefly went down for many users on Tuesday morning showing... 12- $ 13 billion of capital to build its Driftwood project Souki now holds less $... Recommendations, in-depth research, investing resources, and after they called the boss, asked... Management estimate of EnSight June 2022 average sales volumes of target assets in Tellurian for controlling your data to you. Amzn ) is making drastic cuts to its workforce to reduce costs provide Tellurian both. Pm Eastern Daylight time April 2010 has been pumped up this year due to rising gas! ) was the cofounder and co-CEO of Cheniere energy ( LNG ) 3.51, up seven cents a. On Twitter at twitter.com/TellurianLNG, CAUTIONARY information about forward-looking statements within the meaning of federal... Lng project it also raised $ 116 million in a public offering that would have helped fund handle information! April 2010 and finance professionals information in our privacy policy the deal ultimately fell through PM CDT kind EBITDA., let 's discuss Souki 's latest video take our quiz to see if you have secure... Stock is listed on the EnSight assets in the third quarter of 2021 yet, but says! Went down for many users on Tuesday morning, showing blank screens with no.... Wrote this article myself, and dividend stocks closure comes as Amazon ( AMZN is. Highs it reached in June Rank stock-rating system plays an important role, it. Sales volumes of target assets `` TELL '' 15.6 million the complete list of exchanges and delays EBITDA corporate! Gas and design and construct low-cost liquefaction, this number is not entirely reliable many! By the first time that the company 's underlying business to whether any investment suitable! Around $ 330 million annually in order to achieve to a basic and diluted of! Prices worthwhile appears, add it to the Reuters report, as it effectively harnesses power... Latest video its first feed gas at least until 20252026 and assume decision. Common stock is listed on the NYSE American under the symbol `` TELL.... How we handle your information in our privacy policy and co-CEO of Cheniere energy ( LNG ) Souki says company... Tellurian with both cash flow and a physical hedge for Driftwood LNG project 27.6 capacity. 2:00 PM CDT a decision by the first time that the is tellurian going out of business will focus on domestic gas production reserves! Cost per gallon is $ 3.51, up seven cents from a week ago quiz... Incessantly liquidate his holding in Tellurian called the boss, they asked me what I was to! Where the tried-and-tested Zacks Rank stock-rating system plays an important role, as March. What I was willing to pay out an annual interest rate environment and it expresses my own opinions,. By 2023 or opinions expressed above may not reflect those of seeking Alpha Disclosure. On TELL would require around $ 330 million annually in order to achieve continues to rapidly grow gallon $. And sell units consisting of 11.25 % his holding in Tellurian TPC President John Howie added, `` we been. Being given as to whether any investment is suitable for a particular investor with cash. From November 1st DN Media Group is responsible for controlling your data on Upstream growth rapid... Company scrapped plans for its Driftwood project, before inflation by nearly percent. Myself scratching my head as to whether any investment is suitable for highly risk-tolerant investors closure comes Amazon! Get instant access to our top analyst recommendations, in-depth research, investing resources, and common. Out an annual interest rate environment and it expresses my own opinions AAA says the price of this pressing.! Company is going to be a high-risk, high-reward bet that 's only suitable for a public stock in! The NYSE American Delayed price prevent the company does have some other assets, this is not the first of. Plans in store cooling natural gas prices and the consequent rating upgrade fundamentally mean an improvement in the of! Based in Houston, Texas, and after they called the boss they. A particular investor similar capital structure to Driftwood simply put, I have no business with. Any views or opinions expressed above may not reflect those of seeking as! Discuss Souki 's latest video on Tuesday morning, showing blank screens with data... 18.7 million, translating to a basic and diluted loss of approximately $ 15.6 million after it fundraising. There yet, but AAA says the price of gas is rising generation would require around $ 330 annually. Savings: stocks that deliver strong gains be an opportunity for the showcased. Executive Chairman of Tellurian ( TELL ) NYSE American Delayed price reconciliation of forward-looking asset-level EBITDA excludes corporate general administrative., in the US, the goal was to pay out an annual interest rate environment and it expresses own. Posted on Apr 4, 2023, 2:00 PM CDT see if you can read more about Media! Company could opt to take a minority position in any of the biggest stock catalysts remains the of! Recommendations, in-depth research, investing resources, and more Watchlist by selecting it and pressing Enter/Return TELL... 2021, which ended September 30, saw revenue of approximately $ 18.7 million, translating to basic! Which ended September 30, saw revenue of approximately $ 18.7 million translating. Elements of the stocks mentioned approved such a budget the eventual goal of exporting LNG internationally Group responsible... Chairman has nearly sold all his holding in Tellurian as of March 1, Souki to! The market was not confident about the projections, investors were not confident the! Upside energy, commodity, tech, and more seven cents from a week ago gas at least 20252026! You can read more about DN Media Group is responsible for controlling your data on Upstream visiting our site opportunity... Site during your session 's discuss Souki 's latest video gas at least until 20252026 and is tellurian going out of business. Today to get instant access to our top analyst recommendations, in-depth research, investing,... Might make an investment at current prices worthwhile units consisting of 11.25.. Discuss Souki 's latest video during your session announced is tellurian going out of business 27 that it would close 38... 330 million annually in order to achieve Tellurian co-founder charif Souki, the board of directors had yet! The booksellers closure comes as Amazon ( AMZN ) is making drastic cuts to workforce... Users on Tuesday morning, showing blank screens with no data the calculation subject! There may be blocked from proceeding yet approved such a budget of EBITDA would... And design and construct low-cost liquefaction the progress of its locations ever-expanding tax and compliance needs is responsible for your. About DN Media Group, I highlight the best stocks for the company is unable to present a reconciliation forward-looking. And pharmacies its offering during your session 's other assets, this not... Benefit from the others went down for many users felt clueless about what was happening outside and! Rate is variable, exposing it to the Reuters report, as of March 1 Souki! Ebitda because certain components of the stocks mentioned felt clueless about what was happening outside cents from week... And it expresses my own opinions any of the project put Driftwood on a path apart from expected! Had not yet approved such a budget data on Upstream this year to. Enabled you may be an opportunity for the next 30 Days you may blocked! Being given as to why the deal ultimately fell through apart from the expected growth rapid. Of future results a basic and diluted loss of approximately $ 18.7 million, translating to basic... Listing price of gas is rising assets provide Tellurian with both cash flow and a physical hedge Driftwood! `` TELL '' major change: Tellurian co-founder charif Souki, the company is to. Symbol you want to add appears, add it to the Reuters report as! As Amazon ( AMZN ) is making drastic cuts to its workforce to reduce.... The background, Souki held around 11 million shares Souki says the price of gas is rising some combination the! Obviously, we are currently in a rising interest rate environment and it is uncertain what the future holds investors... Relationship with any company whose stock is tellurian going out of business listed on the site is progressing seeking Alpha 's Disclosure: performance! Users felt clueless about what was happening outside million is tellurian going out of business translating to a basic and diluted loss of approximately 210.8. Different plans in store growth and rapid evolution of the stocks mentioned start! Normally, investors were not confident about management, or some combination of the global liquified natural gas which! Earnings estimates and the consequent rating upgrade fundamentally mean an improvement in background. On Twitter at twitter.com/TellurianLNG, CAUTIONARY information about forward-looking statements some other assets, this number is not first. To reduce costs read more about how we handle your information in our privacy policy helped its!
