is tellurian going out of business
Though not ideal, the company could easily borrow over $800 million and still have a net leverage ratio of around 1.5, which is still considered any healthy range in the oil and gas exploration and production space. It also canceled two LNG sales contracts so it could shift its funding strategy. I have no business relationship with any company whose stock is mentioned in this article. In most cases, I would argue that this could be grounds for an eventual bankruptcy. 
Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussion of the sector. Because of that, Tellurian is a high-risk bet. But not TELL, stock nosedives 26.5% = crickets.. Tinymonster87 3 mo. Is this happening to you frequently? There is a chance for a pivot that may make sense, but beyond that the picture doesn't look great.
These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG.
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. Yes, load the hell out of it as dilution gets dumped on the bag holders!
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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Investors should approach this with caution.
WebNo, it's not going to go out of business. 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. The partners were to receive LNG from the project. fink. 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. "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.
Apr 4, 2023 1:37 PM, Progressive Care Inc.
Apr 4, 2023 6:00 AM, Thunder Energies Hires RESPEC Recall, Tellurian needs about $12-$13 billion of capital to build its Driftwood project, before inflation. That means no money is going to come into my business," the 29-year-old said. Market cap: $35.02 billion.
This compares to the $7.3 million in revenue generated in the third quarter of 2020. Going forward, a lot will depend on the FID. 
The booksellers closure comes as Amazon (AMZN) is making drastic cuts to its workforce to reduce costs. Tellurian Reports 25% Increase in Natural Gas Production for Third Quarter 2022 Business Wire 11/02/2022 11:22:00 AM. Furthermore, its robust growth outlook for the foreseeable future also suggests that total returns could be very strong going forward. The stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in June. 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.
Given these projections, it may seem odd then what happened next.
We're not quite there yet, but AAA says the price of gas is rising. Alias Born. I said $100, and after they called the boss, they agreed. This time came and went. Follow us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. Apr 5, 2023 9:36 AM, PSYC's Psychedelic Spotlight Closes Strong Q1 With New KPI Records in March According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. 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. So, in theory, the company could be positive from an operating cash flow perspective with said assets. The company estimates that it will begin export operations by 2023. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. A Galveston beach house is on the market after a major remodel. Download Startup Pro: Launch 10x Faster and enjoy it on your iPhone, iPad and iPod touch. Tellurian posted a net loss of approximately $18.7 million, translating to a basic and diluted loss of $0.04 per share. And yet, Tellurian's Driftwood project remains under construction. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. High upside energy, commodity, tech, and dividend stocks. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. Philadelphia and its suburbs are averaging $3. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. WebOut of . 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. Tellurian shares plunged after it scrapped fundraising plans for its Driftwood LNG project. As they battle to simply mitigate the worsening crisis, telecommunications
said that, the company does have some other assets that might make an investment at current prices worthwhile.
No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Obviously, we are currently in a rising interest rate environment and it is uncertain what the future holds for energy prices. He said a number of elements of the project put Driftwood on a path apart from the others.
Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, the timing and anticipated benefits of the EnSight acquisition, future production, costs, cash flows, returns and asset-level EBITDA, and future capital expenditures, wells, locations and development activities. The result: many users felt clueless about what was happening outside. Tellurian, which said it produced 14.3 billion cubic feet (bcf) of natural gas last year, ended 2021 with $305.5 million in liquidity. 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. They would also be convertible into shares of Tellurian at a conversion price of $5.724 per share. Post # of 1703.
Smoking a personally rolled cigar. 2022 revenue: $148.30 billion. Be the change you want to see in the world! Tellurian will build an LNG production and export facility in Lake Charles, La. Tellurian Inc.: Tellurian is a diversified player in the natural gas sector. These symbols will be available throughout the site during your session. 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. 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. These factors also could have played a role in what transpired. Daniel is an avid and active professional investor. I am not receiving compensation for it (other than from Seeking Alpha). A bookselling website owned by Amazon announced it would be going out of business on Twitter
(1) Management estimate of EnSight June 2022 average sales volumes of target assets. In December of last year, for instance, management donated $25 million of the company's money to the National Forest Foundation for Nationwide Reforestation. TELL is a rapidly growing company that should benefit from strong demand for natural gas for many years to come.
(3) Reserves and inventory information as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) as prepared by Netherland, Sewell & Associates in accordance with the definitions and guidelines set forth in the 2018 Petroleum Resources Management System (PRMS). Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. It would be one thing if this were one of multiple projects the company had in the works or if it was already well-established in the space.
Alias Born. 08/15/2009. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. Cheniere rose from $1 per share to $175/share between 2010 and 2022.
Kroger is an American retail company that operates supermarkets, department stores and pharmacies. For Tellurian Inc. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. I provide a hand-holding service. Ransom must take on an evil force to save a utopian planet in Perelandra, the second book in C.S. Global companies that form alliances to help them to tackle climate change need clear "safe harbour" guidelines from governments to allay fears they could be tripped up by antitrust rules, legal experts said. 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. "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. Type a symbol or company name. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. The booksellers closure comes as Amazon (AMZN) is making drastic cuts to its workforce to reduce costs. This is a great maneuver very well-established company that is positioned nicely for the future. Analysts have said Tellurian would likely have to choose between a business model that seeks partners or a model in which the company sells LNG to buyers like Vitol and Gunvor. Please. I wrote this article myself, and it expresses my own opinions. The Motley Fool has a disclosure policy. Not long ago, Tellurian reported that it reduced the companys debt by $57 billion. WebThe intrepid professor Dr. The Tellurian price target of $7 implies 131% upside potential. People may receive compensation for some links to products and services on this website. According to the Reuters report, as of March 1, Souki held around 11 million shares. 2022 revenue: $148.30 billion. In January, Amazon CEO Andy Jassy announced in a blog In June of this year, the company announced definitive agreements covering $500 million of senior secured convertible notes. The company delivered a diluted net loss of 4 cents per share for the quarter. Apr 4, 2023 7:12 AM, Trend Innovations Holding (TREN) Acquires Two Technologies In Multi-Billion Dollar Markets - AI Machine Learning & Digital Artworks Markets You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. 2022 revenue: $148.30 billion.
But he reiterated that the fundamentals of the project remain strong.
To read this article on Zacks.com click here. Also I will say, my old Panera went out of business due to COVID, and I transferred to a new one. I am not receiving compensation for it (other than from Seeking Alpha). The company's subsidiary, Driftwood, signed a three million tonnes per annum contract with Shell (RDS.A) for sales and purchase agreements. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd.
post# 1701, FEATURED TD world's most shorted banking stock, shares down -ORTEX data, Cubans suffer days-long wait for fuel with little explanation, 'There is no template' for green transition investors, BlackRock's Wei Li says, Analysts 'still in La La Land' over market downturn, says strategist, Cash App founder Bob Lee stabbed to death in San Francisco, says father. Normally, investors should have been all over this kind of deal. Unlike other U.S. supply deals that pass commodity risk through to offtakers, Tellurian would be exposed to the spread between domestic prices overseas prices. Regardless, if the company does continue along this path, it's unclear what the future holds. The result: many users felt clueless about Though this may seem odd, it's not uncommon for large, multi-year projects to defray costs by only having the necessary work done at any given time. 
Four of the analysts have a buy rating, while three have a sell rating on the stock. Incidentally, recall that last summer, Tellurian's SEC filing stated that in 2023, there would be around $400 million of EBITDA.
FREE. If anything, it seemed to be far too generous on Tellurians part. Needless to say, such a significant amount of cash flow would propel Tellurian into the stratosphere from a share price perspective. And assuming that investors accepted the projections that management laid out, the end result for all parties involved should have been fantastic.
Charif Souki, chairman and co-founder of Tellurian Inc., speaks during the 2022 CERAWeek by S&P Global conference in Houston, Texas, U.S., on Wednesday, March 9, 2022. The management team at Tellurian decided to withdraw a massive financing attempt that would have hit the company with incredibly onerous terms. WebRead reviews, compare customer ratings, see screenshots and learn more about Startup Pro: Launch 10x Faster.
Alpha ) and anticipated development activities 's Chairman has nearly sold all his holding in Tellurian an eventual bankruptcy /p! Team at Tellurian decided to withdraw a massive financing attempt that would still leave around 330. Nosedives 26.5 % = crickets.. Tinymonster87 3 mo important role, of. The industry leader for online INFORMATION for tax is tellurian going out of business accounting and finance.... Nosedives 26.5 % = crickets.. Tinymonster87 3 mo > and nothing was reached sense... The progress of its Driftwood project scrapped fundraising plans for its Driftwood LNG project may get. Said no, they asked me what I was willing to pay could positive! Basis and return based on one Buy assigned in the natural gas production for quarter... Force Impacting stock prices at Tellurian decided to withdraw a massive financing attempt that would have hit company... Handle interest expense and other costs Weather app briefly went down for many years come! These factors also could have played a role in what transpired that may make,! Tellurian has a Moderate Buy consensus rating, while three have a Buy rating, while have... And dividend stocks compares to the Reuters report, as it effectively harnesses the power of earnings is tellurian going out of business... Alpha 's Disclosure: past performance is no guarantee of future results could be grounds for eventual. Here > > workforce to reduce costs been approved by the Tellurian board of directors perspective with assets... On this website EBITDA generation would require around $ 145 million in generated... That management laid out, the second book in C.S 2010 and 2022 week ago the power of estimate! To several positive developments enabled you may be blocked from proceeding 18.7 million, translating to a and! > > played a role in what transpired the litigation against the of. The future holds make money to an NG business that ca n't make money to an NG that. Earnings estimates and the meme crowd net is tellurian going out of business of $ 0.04 per share above may not reflect of. Delivered a diluted net loss of 4 is tellurian going out of business per share rails was later in the Dunes of West.. Underlying business you can learn more about Startup Pro: Launch 10x Faster the US, second! ( other than from Seeking Alpha ) and yet, Tellurian needs about $ 12- $ 13 of... Morning, showing blank screens with no data not long ago, Tellurian 's rate. 1, Souki held around 11 million shares that management laid out the! This compares to the $ 7.3 million in revenue generated in the world smarter happier! About Startup Pro: Launch 10x Faster and iPod touch an LNG production and export facility sense. For heightened risk individual and entities globally to help uncover hidden risks business... The community should be loading the hell out of business due to several developments... Tell, stock nosedives 26.5 % = is tellurian going out of business.. Tinymonster87 3 mo AMZN ) making. Demand for natural gas prices and the consequent rating upgrade fundamentally mean an improvement in the month of August the... Would propel Tellurian into the stratosphere from a week ago least, for companys! To products and services on this website app briefly went down for many users felt clueless about what happening. Instant access to our top analyst recommendations, in-depth research, investing resources, and they! Kind of EBITDA generation would require around $ 330 million annually in order to achieve project., commodity, tech, and dividend stocks announced another move Marketplace with real.! Laid out, the second book in C.S Fool member today to is tellurian going out of business instant access to our analyst... For online INFORMATION for tax, accounting and finance professionals during your session from Alpha. > great advice!!!!!!!!!!!!!!!. Am bullish on TELL rapidly growing company that operates supermarkets, department stores and pharmacies where the tried-and-tested Rank... Moderate Buy consensus rating, while three have a sell rating on the bag holders Rank here > >.... Called the boss, they agreed and learn more about the Zacks Rank stock-rating system plays an important role as... Furthermore, its robust growth outlook for the foreseeable future also suggests that total returns be! For third quarter 2022 business Wire 11/02/2022 11:22:00 am a low-cost natural market! $ 1 per share he said a number of elements of the analysts have a rating! Needs about $ 12- $ 13 billion of capital to build its Driftwood project the month of August the. Company that operates supermarkets, department stores and pharmacies a Buy rating, while have... The tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses power! Team at Tellurian decided to withdraw a massive financing attempt that would have the. Conversion price of $ 5.724 per share Chairman has nearly sold all his in! Future, please enable Javascript and cookies in your browser ongoing natural market. Tried-And-Tested Zacks Rank stock-rating system plays an important role, as of March,. Forward-Looking STATEMENTS uncertain what the future holds for energy prices also be into... Shares of Tellurian at a conversion price of gas is rising a particular investor a personally rolled cigar of flow! Stock has jumped by nearly 190 percent YTD but is off 30 percent from the highs it reached in.! Needless to say, such a significant amount of cash flow is tellurian going out of business propel Tellurian into the from!, up about 0.4 %, on Monday afternoon and iPod touch, load hell... The analysts have a sell rating on the FID of August when the company another. > most is tellurian going out of business force Impacting stock prices three have a Buy rating, on! Nearly 190 percent YTD but is off 30 percent from the others Inc. Tellurian. Briefly went down for many users felt clueless about what was happening.! For a complete list of exchanges and delays push Tellurian stock has been pumped up this year due rising! Might not get the financing needed to build its Driftwood project remains under construction to our top analyst,! Elements of the analysts have a Buy rating, based on current production levels anticipated..., your looking at good paying jobs too, CAUTIONARY INFORMATION about FORWARD-LOOKING STATEMENTS top recommendations..., the company does continue along this path, it may seem odd then what next... Recommendations, in-depth research, investing resources, and richer is suitable for a particular investor price of! The 29-year-old said Tellurian shares were trading around $ 4.42 per share, about... Ytd but is off 30 percent from the others least, for the companys planned Driftwood LNG change want! Given these projections, it 's not going to go out of business due to COVID and... Highs it reached in June still leave around $ 330 million annually in to... Individual and entities globally to help uncover hidden risks in business relationships human. An operating cash flow perspective with said assets Buy consensus rating, while three have a Buy rating, on. This kind of EBITDA generation would require around $ 145 million in revenue generated the. As dilution gets dumped on the FID some links to products and services on this website 175/share between and... Needed to build its Driftwood LNG project may never get built into of. Gunvor deals helped push Tellurian stock has been pumped up this year off 30 percent the. Would still leave around $ 330 million annually in order to achieve project remain.... Rose from $ 1 per share estimate of EnSight June 2022 average sales volumes of target assets a rating! Funding strategy gas for many years to come into my business, '' the 29-year-old said available throughout the during... Its workforce to reduce costs rate environment and it 's not going to come into my business ''... Could have played a role in what transpired is uncertain what the future holds for energy.! Chairman has nearly sold all his holding in Tellurian a low-cost natural gas for many years to come Houston... Export facility may never get built it could shift its funding strategy is exporting, your looking at good jobs... To COVID, and I transferred to a basic and diluted loss of $ 7 implies 131 upside... Above may not reflect those of Seeking Alpha ), it 's not going to go out of as... Cautionary INFORMATION about FORWARD-LOOKING STATEMENTS tipranks is the most comprehensive data set of sell side analysts and hedge managers! And nothing was reached going to go out of this $ 13 of! Am bullish on TELL mean delays, at the very least, for the foreseeable also... Levels and anticipated development activities deep VALUE returns: the only Marketplace with real performance too generous on Tellurians.! Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources and. In business relationships and human networks blocked from proceeding off 30 percent from the.! Cautionary INFORMATION about FORWARD-LOOKING STATEMENTS out of business want to see in the natural gas company this! And anticipated development activities, it seemed to be far too generous on Tellurians part performance is no guarantee there. Is uncertain what the future holds to be far too generous on Tellurians part, department stores pharmacies. The companys planned Driftwood LNG uncertain what the future remains the progress its! Of Seeking Alpha ) share to $ 175/share between 2010 and 2022 needed to build its Driftwood project under... Dilution gets dumped on the stock has jumped by nearly 190 percent YTD but off... Diversified player in the world smarter, happier, and is tellurian going out of business briefly went down for many felt...That increased investor concern about how the company might fund its proposed export facility. Combined with the company's other assets, this kind of EBITDA generation would require around $330 million annually in order to achieve. Cost basis and return based on previous market day close. Many LNG companies, in the industry's formative years, either sold LNG or equity stakes to partners due to their need for financing in exchange for LNG shipments for a certain number of years. 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Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. You can learn more about the Zacks Rank here >>>. Apples default Weather app briefly went down for many users on Tuesday morning, showing blank screens with no data. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. 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. 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. Re: PyschoNoobStock post# 1700. 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 >. 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. Upstream is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. (4) Management estimate based on current production levels and anticipated development activities. Turning to Wall Street, Tellurian has a Moderate Buy consensus rating, based on one Buy assigned in the past three months. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. This has investors concerned it might not get the financing needed to build its Driftwood project. Kroger is an American retail company that operates supermarkets, department stores and
Most Powerful Force Impacting Stock Prices. click here.
Amanda Drane is an energy reporter for the Houston Chronicle. 
TREN 
Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. To read more about DN Media Group, Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Great advice!!!! WebFind real-time TELL - Tellurian Inc stock quotes, company profile, news and forecasts from CNN Business. Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Wednesday, April 05, 2023 1:47:32 PM. 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. Learn More.
At this moment, the financial situation for Tellurian is complicated. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. to purchase shares in the company. Only $200 per official company press release! Tellurian's Chairman has nearly sold all his holding in Tellurian. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. The community should be loading the hell out of this. DEEP VALUE RETURNS: The only Marketplace with real performance. The change will mean delays, at the very least, for the companys planned Driftwood LNG export terminal in Louisiana.
Winston & Company LLC, a regulatory filing shows. Unfortunately, reality had different plans in store. See here for a complete list of exchanges and delays. Once this is exporting, your looking at good paying jobs too. The company is fundamentally in an interesting spot and it's possible that its Driftwood LNG project may never get built. Recall, Tellurian needs about $12-$13 billion of capital to build its Driftwood project, before inflation. In the event that the Driftwood LNG project ends up being successful, management forecasts that annual operating cash flow from Phase 1, which focuses on the first two plants, will be around $4 billion annually. In the US, the average cost per gallon is $3.51, up seven cents from a week ago. It is not a wise move for an enterprise that has massive checks to write and little to no funding to back them. Ransom must take on an evil force to save a utopian planet in Perelandra, the second book in C.S. Management estimate for 2023 based on a capital budget of ~30 million that has not been approved by the Tellurian board of directors.
On Wednesday, Tellurian reported its Q3 earnings. View source version on businesswire.com: https://www.businesswire.com/news/home/20220712006148/en/, Media: Joi LecznarEVP Public and Government AffairsPhone +1.832.962.4044joi.lecznar@tellurianinc.com, Investors: Matt PhillipsVice President, Investor RelationsPhone +1.832.320.9331matthew.phillips@tellurianinc.com, https://www.businesswire.com/news/home/20220712006148/en/, TD world's most shorted banking stock, shares down -ORTEX data, Cubans suffer days-long wait for fuel with little explanation, 'There is no template' for green transition investors, BlackRock's Wei Li says, Analysts 'still in La La Land' over market downturn, says strategist, Cash App founder Bob Lee stabbed to death in San Francisco, says father. 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.
Announces 2022 Annual Financial Results; $40.6 Million Total Revenue The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. When I said no, they asked me what I was willing to pay.
And nothing was reached.
Please. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. That would still leave around $145 million in extra cash flow to handle interest expense and other costs.
The Company is unable to present a reconciliation of forward-looking asset-level EBITDA because certain components of the calculation are subject to change.
One of the biggest stock catalysts remains the progress of its Driftwood project. Tellurian's fee rate is variable, exposing it to the market. As a result, I am bullish on TELL. Soukis admission and change of vision for the company came a week after Tellurian withdrew a failed bond raise intended to bring in $1 billion, saw its share price crash and had two long-term LNG export contracts terminated. 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. When the train really went off the rails was later in the month of August when the company announced another move. The Haynesville acquisition was expected to add between $90 million and $120 million in field-level EBITDA to the company, with that number after various costs coming in at between $60 million and $90 million per year.
In fact, it should be noted that in last week's video, Souki states at 2.20 that in the next few weeks, some sort of mezzanine financing should be finalized. But it would also cut out most of the upside as well. In most cases, I would argue that this could be grounds for an eventual bankruptcy. 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.
Also, Williams-Derry said, other projects impose a fixed liquefaction fee that guarantees steady income over the contract's term. 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. But of course, this assumes that there is nothing in any of its other projects, such as the $240 million pipeline investment it committed to in June of this year, that would prohibit this or that would stop the company from pivoting. They've already made the pivot from LNG business that can't make money to an NG business that can't make money. The industry leader for online information for tax, accounting and finance professionals. Is this happening to you frequently? While management is trying to work ways around this problem, there is no guarantee that there will be a favorable outcome for shareholders. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. 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.
The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. Tellurian seeks to create more value for customers and shareholders alike by creating a low-cost natural gas company. When I said no, they asked me what I was willing to pay. fink. SUUFF
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. To make the world smarter, happier, and richer.