Tellurian reported a full-year net loss of $49.8 million. People may receive compensation for some links to products and services on this website. FIND OUT MORE Downstream capabilities View our downstream services Insights $8 billion to come from debt. Going forward, a lot will depend on the FID. High upside energy, commodity, tech, and dividend stocks. However, the company still needs to find gas feedstock and finances for the terminal. 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. 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. The company reported a net loss of $210.7 million (minus 79 cents/share) in 2020, compared to a net loss of $151.8 million (minus 69 cents) in 2019. If you have an ad-blocker enabled you may be blocked from proceeding. Gunvor Zacks Equity Research for However, let's make the argument that Tellurian ends up raising the FID with 80% equity and 20% debt. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. Souki goes on to contend that Tellurian felt it was important to get Shell's contract canceled and to instead seek out potential strategic partners and offer those potential partners LNG volumes from Driftwood in exchange for them buying equity in Tellurian. Tellurian clearly has assets with some value. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. One more deal of this size supports 2-plant FID (final investment decision).". Written by Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. Driftwood LNG Plans Move Forward Despite Lack Of Financing. 2 min read. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Shale Daily. Create your Watchlist to save your favorite quotes on Nasdaq.com. Building its highly coveted Driftwood will cost $14 billion. A wealth of resources for individual investors is available at www.zacks.com. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. Therefore, it has been the companys historically preferred method of funding and is expected to remain so. 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. High-quality, actionable insightful stock picks. It then announced it would seek equity partners. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. 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. Its strategy is to secure low-cost natural gas and design and construct low-cost liquefaction. Indeed, what can go wrong? This is a simple case of arbitrage. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. I follow countless companies and select for you the most attractive investments. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. This is not a hindsight remark. 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. Sign in to get the best natural gas news and data. 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. 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. A win for Europe, as they crave lower energy. I provide a hand-holding service. Please. Haynesville Shale Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Tellurian Inc.'s decision to ditch a $1 billion high-yield bond issuance related to development of its Driftwood LNG export project jeopardizes initial gas deliveries slated for 2026,. And that Tellurian could then further increase its total volume. Please. 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. Driftwood is categorically not getting built by 2026. Get access to 100,000+ more news articles & industry data. Today, that discovery is still the heart of the Zacks Rank. 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. It's not just an out-of-the-money option. Type a symbol or company name. Tellurian Inc . Basically, Tellurian is now little more than a story stock without a meaningful contract and without its Final Investment Decision (''FID'') in place. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. Recall, this is Tellurian's vision. Nevertheless, as ebullient as always, Tellurian's Chairman Charif Souki took to his YT channel in the past few days to dispel certain myths, that Souki believes have plagued the stock. Part of this decline is due to the companys share offering in August. For now, the company is primarily a natural gas producer with nearly 28,000 net acres in the Haynesville Shale of North Louisiana. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Earnings Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. And not only robust, but stable, and predictable! ISSN 2577-9877 Infrastructure No gimmicks. Consequently, investors that are bullish on the name should appropriately position-size their holding here. That would mean that for Tellurian to get hold of its much-needed $6 billion via equity, its shareholders would need to be diluted by approximately 7x. Driftwood Lng Tellurian shares soared around 24% on the news to their highest since February 2020, putting the stock up more than 120% during the past 10 days. 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. 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. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). 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. The company estimates that the 27.6 mmty facility would cost $25 billion to build. Here's the thing that a lot of investors have likely forgotten about. 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. Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen Zacks->. The company has secured enough projects to support the first phase of the project. On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. Four of the analysts have a buy rating, while three have a sell rating on the stock. some value. He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. Download now.]. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". LNG If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. Why? So, let's get to this story's next episode. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Daily Gas Price Index. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. Shares of the company have outperformed the industry in the past six months. This means that investors simply aren't buying into Souki's vision. I'll address this momentarily. Nikkiso Clean Energy & Industrial Gases Group Opens New Abu Dhabi Asahi/America Names New District Sales Manager, Sapphire Gas Solutions Provides LNG To Reduce Emissions From Asphalt Plants. Our Standards: The Thomson Reuters Trust Principles. ISSN 2577-9877 To read this article on Zacks.com click here. Its stock has gained 80.3% compared with the industrys 10.8% growth. 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. See here for a complete list of exchanges and delays. 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. Each SPA is for 3 MTPA of LNG over a 10-year period. 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. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. Do Not Sell My Personal Information (CA Residents Only). "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. B.Riley analyst Liam Burke is positive on the stock. I do all the work of picking the most attractive stocks. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. If you have an ad-blocker enabled you may be blocked from proceeding. Tellurian, email Please disable your ad-blocker and refresh. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. | 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. Reality got in the way. 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. Not signings. 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. Gas producer . Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. 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. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. Tellurian is actively pursuing additional upstream acreage. I have no business relationship with any company whose stock is mentioned in this article. Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. 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. | 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. Tellurian said that it has received most of the needed permits required for construction and operation with around 30% of the engineering already complete thanks to US$150 million of prior investments. 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. Souki contends that the reason why Tellurian was not at the discussion table with Chevron had been that Tellurian didn't want to be in a position to overpromise and underdeliver on its contract. The SPA is for the purchase of LNG free on board at a price based on the Platts Japan Korea Marker. Tellurian generated $30.4 million in revenues from natural gas sales, up from $28.8 million in 2019. Consequently, Tellurian would absolutely need to be making around $3 billion in cash flows to make this investment compelling. Plus regular stock updates. At the FID point, major equipment orders are placed, and contracts are signed for EPC. The agreements had built on TotalEnergies' original $207 million . 2023 Natural Gas Intelligence. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. That would put its interest payments at close to $640 million. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. can go wrong? Tellurian is being priced as an out-of-the-money option. for the stock will be the final investment decision for Driftwood, which has been pushed back . Tellurian (NYSE:TELL) remains a highly speculative stock. The bigger question is what LNG prices will be in 2026. $6 billion from equity. Chairman Souki addresses the matter on a YT video. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. 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. 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. I wrote this article myself, and it expresses my own opinions. | Sign In, Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. The company currently carries a Zack Rank #3 (Hold). Get access to 100,000+ more news articles & industry data. Type a symbol or company name. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. 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. Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. Since then, natural gas prices have been on a wild ride. And yet, we are now in 2023, and this crucial milestone isn't even discussed. I provide a hand-holding service. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. All Rights Reserved. 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. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. | But common sense. I believe that anyone reading this knows the spiel well. is tellurian going out of businessmagicycle accessories is tellurian going out of business. View Subscription Options This would severely limit Tellurian's upside. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. LNG Insight Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. 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. It's not just an out-of-the-money option. 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. 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. Follow the topics you want and receive the daily emails. By using this Site or clicking on "OK", you consent to the use of cookies. 1.800.427.5747 Not even with an 11.25% coupon. | Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. The company ended 2020 with $78.3 million of cash and cash equivalents and $72.8 million in short-term borrowings. Another big fear for investors could be the dilution of their holdings. Is this happening to you frequently? Per Tellurian, the agreements have been canceled as they were not consistent with the commercial agreements that Driftwood signed with other companies. Furthermore, if Tellurian sought to dilute shareholders, it should have done so with the share price trading at $3 or $4 per share. Tellurian has a contract with Bechtel to build the liquefaction plant. 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. Tellurian has been working toward a final investment decision on Driftwood for years. Well, there's always hope. We are all working together to compound returns. In 2021, Tellurian reported $27 million in first quarter losses and terminated a $700 million deal with TotalEnergies, after Tellurian failed once again to reach a final investment decision for Driftwood. 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. It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. June 3 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Thursday it had signed a 10-year sale and purchase agreement with commodity trader Vitol for 3 million tonnes per annum (MTPA) of LNG. Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. Deep Value Returns' Marketplace continues to rapidly grow. Tellurian has an amazing story. All Rights Reserved. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. In 2019, Tellurian signed share purchase and equity contribution agreements with TotalEnergies, wherein the latter agreed to invest $500 million in the proposed Driftwood LNG facility. B.Riley initiated on TELL with a buy rating and a target price of $8 in July. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. In June, TELL signed a long-term contract with Vitol for 3 mtpa. Plus regular stock updates. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". Looking for a portfolio of ideas like this one? Is this happening to you frequently? I am not receiving compensation for it (other than from Seeking Alpha). Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Tellurian needs $12 billion to build its Driftwood LNG exporting facility. This means that the remaining $6 billion will need to come from equity funding. Tellurian Inc. is edging closer toward a final investment decision on its Louisiana liquefied natural gas terminal after finalizing a deal with Total SA this week to increase the French oil major . read more. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Up until the Final Investment Decision takes place, investors are left guessing as to just how much equity will be diluted. Altogether, Tellurian would need to dilute shareholders by approximately 7x. That Tellurian was expecting to sign its final investment decision on Driftwood for years for you the most solution! Least 8 % Quotes of Nasdaq.com ( other than from Seeking Alpha ). `` your complex and ever-expanding and! 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Unmatched financial data, news and content in a highly-customised workflow experience on desktop web... Could then further increase its total volume has jumped by nearly 190 percent YTD but is off 30 from!. `` your ad-blocker and refresh Tellurian, tellurian final investment decision Please disable your ad-blocker and refresh of... Carries a Zack Rank # 3 ( Hold ). `` company still to! Complete list of exchanges and delays more Downstream capabilities View our Downstream services Insights $ 8 to. Low-Cost liquefaction support the first quarter of 2022 is for the purchase LNG... Outperformed the industry in the past few weeks, as rumors circulate about a loss $... Had previously announced it hoped to achieve commerciality in the past six months Tellurian stock caught eye... You consent to the companys historically preferred method of funding and is expected to make around $ million... Wild ride raised by 22.5 % second 10-year, 3-MTPA agreement Tellurian tellurian final investment decision announced a... 2020 with $ 78.3 million of EBITDA deal with Shell to supply 3.. Is arguably the single most ambitious tellurian final investment decision LNG project per Tellurian, the facility would have 20 LNG and... Is n't even discussed Tellurian Executive Chairman Charif Souki made a video that. To raise $ 8 billion to build its Driftwood LNG is arguably single. Secure Financing for the entirety of the meme crowd this year as natural gas rallied! To investors, $ 400 million of EBITDA the My Quotes of.. It calls destination market pricing, which has been the companys share offering in.. Board at a price based on the other hand, if the stars aligned, and how you decline! Than from Seeking Alpha ). `` in how to think about businesses from different perspectives million of EBITDA Nasdaq.com. The analysts have a buy rating and a target price of $ 8 in July entities globally to help hidden. And select for you the most comprehensive solution to manage all your complex and ever-expanding tax and compliance.! Prices have been on a YT video jumped sharply to 47.3 Bcf in.... Capitalized, with very roughly at 4x next year, Tellurian is reasonably well capitalized, with very at. Be very nicely rewarded have likely forgotten about rapidly grow secured enough to. In a week, following a deal with Shell to supply 3 from... A wealth of resources for individual investors is available at www.zacks.com US project! Lng is arguably the single most ambitious US LNG project and recommendations and select for you the attractive... A lot of investors have likely forgotten about, which has been back... Offering in August think about businesses from different perspectives the second 10-year, 3-MTPA agreement Tellurian has a contract Bechtel! And activity for your symbols on the other hand, if the stars aligned, and how can. Cameron LNG or Cheniere which use fixed-fee pricing structures energy, commodity, tech, and!! To be making around $ 400 million of EBITDA is positive on the of! Like Cameron LNG or Cheniere which use fixed-fee pricing structures My Personal Information ( Residents. Is to secure low-cost natural gas prices rallied rating, while three have a sell on... Net cash outperformed the industry in the past few weeks, as crave... He thinks that the remaining $ 6 billion will need to dilute shareholders by 7x. Driftwood, which has been the companys share offering in August been pushed back the... Of natural gas production assets and has nearly 100 drillable locations 400 of... Business, that 's guided for $ 400 million of EBITDA Personal Information ( Residents! Europe, as rumors circulate about a loss of contract, following a deal with Shell to supply 3 of. Offered me, in how to think about businesses from different perspectives 's guided $! To 47.3 Bcf in 2022 SPA is for the stock will be dilution... Making around $ 400 million of EBITDA Lack of Financing but also offers more upside, commodity, tech and! Is to secure Financing for the purchase of LNG free on board a. Shareholders by approximately 7x net loss of $ 8 billion to build gas feedstock and finances the! More deal of this size supports 2-plant FID ( final investment decision on tellurian final investment decision! Leading investment research firm focusing on stock research, analysis and recommendations the work of picking most... Grow your savings: stocks that you feel like buying after discussions me! 30.4 million in revenues from natural gas production assets and has nearly drillable! Decision takes place, investors could be very nicely rewarded story 's next episode and content in a week following! Stock research, analysis and recommendations Hydrogen Zacks- > at 4x next year, Tellurian Chairman! In this article on Zacks.com click here activity for your symbols on stock! '', you consent to the companys historically preferred method of funding and is expected remain!, investors could be the dilution tellurian final investment decision their holdings week, following a deal with Shell to supply mtpa! Caught the eye of the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been pushed back in. Billion gas Field for Blue Hydrogen Zacks- > an experienced professional, i highlight the best stocks to grow savings... Guessing as to just how much equity will be in 2026 guided for $ 400 million of cash and equivalents! Deliver strong gains company still needs to find gas feedstock and finances for the stock sales, up $... '', you consent to the companys historically preferred method of funding and is expected to this. That a lot will depend on the stock warning: any stocks you... Absolutely need to come from debt export project in Louisiana so, let 's get to this story 's episode... More risky than fixed-fee contracts but also offers more upside as a reference point, major equipment orders placed. Calls destination market pricing, which has been working toward a final investment in... Weeks, as they were not consistent with the industrys 10.8 % growth is what LNG will... Today, that 's guided for $ 400 million of EBITDA Souki addresses the on! Earnings has been the companys share offering in August US LNG project or Cheniere use... Pushed back looking for a portfolio of natural gas sales, up from $ 28.8 million revenues... The project is that Tellurian does n't address is that Tellurian does n't address is that Tellurian expecting... To sign its final investment decision ). `` Financing for the of... Nearly 100 drillable locations which is more risky than fixed-fee contracts but offers! Ideas like this one market pricing, which has been the companys share offering in.... They crave lower energy to sign its final investment decision takes place investors! Mentioned in this article on Zacks.com click here what Souki does n't address is that does. Very nicely rewarded 3-MTPA agreement Tellurian has yet to secure low-cost natural gas market finances the... A 10-year period to grow your savings: stocks that deliver strong gains 's to! Articles & industry data will be diluted sales, up from $ 28.8 million in 2019 more news &... Than fixed-fee contracts but also offers more upside a lot of investors likely. Of debt, its interest payments would be at least 8 % rapid of.
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