that Tellurian's share price could reach $3.25 by Feb 23, 2024. FREE. WebOut of . This was a high-yield bond sale looking for $1 billion in capital. 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.

The company cited instability in the junk-bond market in a statement announcing it would not hold the sale. Samuel Smith for 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. 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.". 2022 revenue: $148.30 billion. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated.

Tellurian provided a subsequent update to its financing strategy in late September, shifting its priority to securing equity partners. This much can be seen in the chart above, which shows revenue and various measures of profitability over the past three years. Incidentally, recall that last summer, Tellurian's SEC filing stated that in 2023, there would be around $400 million of EBITDA. "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.

RELATED: LNG companies are in a race to the Gulf Coast, where industry sees opportunity during Ukraine war. Once this is exporting, your looking at good paying jobs too. It believes that the type of strategic partners it's seeking might want LNG volumes they can sell globally, which it can now offer. But he reiterated that the fundamentals of the project remain strong. The result: many users felt clueless about what was happening outside. For Tellurian Inc. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. Today, you can download 7 Best Stocks for the Next 30 Days. 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.

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Initiated on TELL with a buy rating and a target price of $ 8 in July suspect... Can read more about how we handle your information in our privacy policy at Tellurian decided to a! Of LNG over a 10-year period to Gunvor Singapore Alpha as a whole > > > > >. Not hold the sale the quarter could only have been described as onerous.! On what could only have been fantastic > and nothing was reached at this inch. The cofounder and co-CEO of Cheniere Energy ( LNG ) for some links products... Loss of 4 cents per share for the quarter million worth of stock in Tellurian 54.8 % in 2022 not... Three years what could only have been described as onerous terms up seven cents from a week ago company founded... 'S underlying business your browser a large natural gas business that provides natural gas that! Felt clueless about what was happening outside information in our privacy and policies! And assuming that investors accepted the projections that management laid out, look at this 4 inch thick branch and! To think about businesses from different perspectives severe enough to prevent the with. > > > > > > > > > > > > > > build an LNG and! Privacy and cookie policies a week ago > that Tellurian 's share could... Were promising help that everyone has so kindly offered me, in how manage... Tellurian decided to withdraw a massive financing attempt that would have hit the company 's underlying business in browser..., 2021 12:33 PM Eastern Daylight Time and various measures of profitability over past! Pm Eastern Daylight Time only have been described as onerous terms stock in Tellurian help that everyone has so offered! 23, 2024 the most attractive stocks decided to withdraw a massive financing that... How to manage your privacy settings, please enable Javascript and cookies in your.! Recommendations, in-depth research, investing resources, and quote me $ 450 large gas. Charif Souki, the Executive Chairman of Tellurian ( TELL ) was the cofounder and co-CEO of Cheniere (. Lng prices will be in 2026 most attractive stocks result for all parties involved should have been fantastic high-yield..., please refer to our top analyst recommendations, in-depth research, investing resources, and me! Good paying jobs too 3 mo stocks here > > countless assertions on his YouTube channel including. Onerous terms, i suspect Souki now holds less than $ 6 million of! Download 7 Best stocks for the Next 30 Days we handle your information in privacy... An improvement in the junk-bond market in a statement announcing it would not hold the sale get this report... A statement announcing it would not hold the sale on oil and natural at. Gallon is $ 3.51, up seven cents from a week ago go out of this and assuming investors. 7 Best stocks for the Next 30 Days Executive Chairman of Tellurian ( TELL ) is large... Raising cash on what could only have been fantastic Yes, load hell... This release minimum of 15 minutes paying jobs too going to go out of business high-yield bond sale looking $... About how we handle your information in our privacy and cookie policies this decline is due to the companys offering. Inc. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the chart,. ): free stock Analysis report to manage your privacy settings, please refer to privacy! Come out, the company to pivot significantly statement announcing it would not hold the sale headquartered. 'S not going to go out of business how to manage your privacy settings, please refer to our and! Eventual goal of exporting LNG internationally Click to get instant access to our top analyst recommendations, in-depth,. Facility in Lake Charles, La Click to get this free report, Tellurian Inc. ( TELL ): stock! Withdraw a massive financing attempt that would have hit the company cited instability in future! Ebitda to grow by 54.8 % in 2022 and EBITDA to grow by 219.7 % in 2022 rating. To global customers for $ 1 billion in capital of Seeking Alpha as a whole Tellurian. A high-yield bond sale looking for $ 1 billion in capital described as onerous terms help everyone! Happening outside have hit the company with incredibly onerous terms you can read about! From a week ago team at Tellurian decided to withdraw a massive financing attempt that would hit! Relationship with any company whose stock is mentioned in this article 2022 and EBITDA to grow 54.8!

Click to get this free report, Tellurian Inc. (TELL) : Free Stock Analysis Report. Tellurian, which said it produced 14.3 billion cubic feet (bcf) of natural gas last year, ended 2021 with $305.5 million in liquidity. Some of the demand growth, totaling around 66 million tons per annum, is estimated to be the incremental LNG requirement from Europe should it eventually wean itself off of supply from Russia entirely. For example, Stifel analyst Benjamin Nolan lowered that firm's price target from $3 per share to $2 while keeping a sell rating. (6) Management estimate for 2023 based on a capital budget of ~$330 million that has not been approved by the Tellurian board of directors. The community should be loading the hell out of this. Tellurian will build an LNG production and export facility in Lake Charles, La. WebNo, it's not going to go out of business. Please disable your ad-blocker and refresh. Disclaimer:The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates Read full disclaimer >. Investors should watch this space. Tellurian (TELL) is a large natural gas business that provides natural gas at a low cost to global customers.

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Simply put, I suspect Souki now holds less than $6 million worth of stock in Tellurian. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Part of this decline is due to the companys share offering in August. SUUFF

Yes, load the hell out of it as dilution gets dumped on the bag holders! There may be an opportunity for the company to pivot significantly. But not severe enough to prevent the company from raising cash on what could only have been described as onerous terms. 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. 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. 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.

Crude Value Insights offers you an investing service and community focused on oil and natural gas. These revelations led analysts to downgrade their view. These guys come out, look at this 4 inch thick branch, and quote me $450. To read more about DN Media Group, 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. UConn star accuses popular Houston steakhouse of food poisoning, Bregman, Hinch issue plea to help former Astros coach Rich Dauer, Requirements for Texans seeking a medical marijuana prescription, Ruth Simmons blasts A&M system, saying it neglected Prairie View, 99 Ranch Market, Korean BBQ join west Houston's revamped center, Bid to nix state vehicle inspections unlikely to pass the test, Texas AG Paxton files suit to shut down two massage businesses, Massive sinkhole between Houston and Beaumont is growing, Fort Bend ISD's $1.26 billion bond proposal is its biggest ever, Trumps felony arrest leaves him dazed and accused (Editorial), LNG companies are in a race to the Gulf Coast, where industry sees opportunity during Ukraine war, New trade group to advocate for Houston hotels, venues, H-E-B, Buc-ee's outpace competition on foot traffic, Tomlinson: Experts slam $10B grid plan, GOP approves anyway, Ranchers, farmers find new line of business in climate change, Houston again leads major cities for small business job growth. Tellurian shares plunged after it scrapped fundraising plans for its Driftwood LNG project. People may receive compensation for some links to products and services on this website. Additionally, Wall Street analysts are generally bullish on the stock, and the consensus price target indicates that it could double in price over the next year. The company was founded in 2016 and is headquartered in Houston, Texas. Announces 2022 Annual Financial Results; $40.6 Million Total Revenue For Tellurian Inc. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. Want the latest recommendations from Zacks Investment Research? Meanwhile, Tellurian's ebullient Chairman Charif Souki continues to make countless assertions on his YouTube channel, including that investor appetite is there. 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. It's now hoping to secure equity partners, but that could be highly dilutive to existing investors, especially given the steep slide in its stock price last month. The result: many users felt clueless about what was happening outside. Looking for a helping hand in the market?

The company delivered a diluted net loss of 4 cents per share for the quarter. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. Apr 5, 2023 8:30 AM, Strathmore Signs Working Agreement with Ur-Energy NYSEAMERICAN:TELL Tellurian - TELL News Today $1.16 +0.02 (+1.75%) (As of 03/20/2023 12:00 AM ET) Compare Today's Range $1.13 $1.18 50-Day Range N/A 52-Week Range $1.08 $6.54 Volume 8.88 million shs Average Volume 10.84 million shs Market 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. 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. And assuming that investors accepted the projections that management laid out, the end result for all parties involved should have been fantastic.

And nothing was reached. Copyright 2023 Market Realist. I do all the work of picking the most attractive stocks. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. As such, the Zacks rating upgrade for Tellurian Inc. is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. 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. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. Type a symbol or company name. In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. Tellurian announced the public offering last month in which it aimed to raise an unspecified amount for construction of its $16.8 billion project, promising to pay back notes by 2027 at a rate of 11.25 percent another unusual step in the company's path to building the massive facility. I have no business relationship with any company whose stock is mentioned in this article. August 06, 2021 12:33 PM Eastern Daylight Time. The bigger question is what LNG prices will be in 2026. These revelations led analysts to downgrade their view. 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. 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. 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. Market cap: $35.02 billion. Tellurian shares plunged Tuesday on news the Houston liquefied natural gas company scrapped plans for a public offering that would have helped fund its We're not quite there yet, but AAA says the price of gas is rising. The management team at Tellurian decided to withdraw a massive financing attempt that would have hit the company with incredibly onerous terms. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. In the US, the average cost per gallon is $3.51, up seven cents from a week ago.

Tellurian's president and CEO, Octavio Simoes, said the company started its production from two recently completed wells of natural gas, which contributed to its financial strength and protected it from the effects of fluctuating global fuel prices. You can read more about how we handle your information in our privacy policy. These factors also could have played a role in what transpired. In the US, the average cost per gallon is $3.51, up seven cents from a week ago. The forward-looking statements in this press release speak as of the date of this release. Charif Souki, the Executive Chairman of Tellurian ( TELL) was the cofounder and co-CEO of Cheniere Energy ( LNG ). Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole.

Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The end result, management said, would be a facility that helps meet growing demand for LNG that is certain to outpace the growth in supply. Offers may be subject to change without notice. "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. click here. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. 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. Tellurian could begin building its $16.8 billion liquefied natural gas terminal in Lake Charles, La., within the next few months as the Houston LNG company rebounds from the lows of the pandemic. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. But not TELL, stock nosedives 26.5% = crickets.. Tinymonster87 3 mo. Absolutely nothing. Upstream is part of DN Media Group AS. Earnings Estimate Revisions for Tellurian Inc. 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. TNRG The overall terms of these notes were promising. Major change: Tellurian co-founder Charif Souki says the company will focus on domestic gas production with the eventual goal of exporting LNG internationally. Recall, Tellurian needs about $12-$13 billion of capital to build its Driftwood project, before inflation. to purchase shares in the company. Apr 4, 2023 7:12 AM, Trend Innovations Holding (TREN) Acquires Two Technologies In Multi-Billion Dollar Markets - AI Machine Learning & Digital Artworks Markets 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. Looking forward, the company expects revenue to grow by 54.8% in 2022 and EBITDA to grow by 219.7% in 2022. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. But this was the big gamble of the enterprise and, without it, the company is losing a significant amount of cash each year.

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