tellurian final investment decision

Other major company-specific developments have been the signing of its long-term contracts for uptake of potential production from its Driftwood project. Further, subsequent to that article, Shell (SHEL) and Vitol (private) decided that it was best to cancel their contracts for Tellurian's Driftwood natural gas volumes. Amid a record stretch of U.S. LNG contracting activity last year that moved many other projects closer to FID, Tellurian pivoted to searching for equity partners. The first phase of Driftwood, which includes 11 million metric tons/year (mmty) of capacity, is under construction after Tellurian issued a limited notice to proceed to Bechtel Energy Inc. last year. 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. Zacks->. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. Gas producer . Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. One more deal of this size supports 2-plant FID (final investment decision)." Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. 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. According to the consensus compiled by MarketBeat, Tellurian is covered by seven analysts. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. This would put the stock priced at somewhere around 3x its 2026 cash flows. 2023 ESG Review. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Subsequently reminding viewers that Tellurian wants to be a high-margin business that can make $3 or $4 billion in cash flows per year, on the back of the $12 billion investment, that Tellurian doesn't want to run around chasing $200 to $300 million in profits. This is a simple case of arbitrage. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. This one is in the bag. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. 2 min read. These symbols will be available throughout the site during your session. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. 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 helping hand in the market? If you have an ad-blocker enabled you may be blocked from proceeding. See here for a complete list of exchanges and delays. Is this happening to you frequently? This means that investors simply aren't buying into Souki's vision. This is not a significant dilution and amounts to less than 4%. I am not receiving compensation for it (other than from Seeking Alpha). Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. I do all the work of picking the most attractive stocks. Our Standards: The Thomson Reuters Trust Principles. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. 2023 Natural Gas Intelligence. Yet another problem. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Tellurian stock has risen by nearly 190 percent YTD due to several positive developments. We are all working together to compound returns. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. I wrote this article myself, and it expresses my own opinions. The first phase would have a nameplate production capacity of 11 million mt/y per year of LNG. Get access to 100,000+ more news articles & industry data. Two-thirds debt to one-third equity. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. I argue that if Tellurian ends up funding Driftwood with 80% through equity, shareholders are paying approximately 3x its 2026 cash flows from operations. Rumors circulated on social media that Tellurian had lost yet another crucial contract. High upside energy, commodity, tech, and dividend stocks. See here for a complete list of exchanges and delays. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? I follow countless companies and select for you the most attractive investments. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. If you have an ad-blocker enabled you may be blocked from proceeding. There simply were no takers. I have no business relationship with any company whose stock is mentioned in this article. can go wrong? Zacks Equity Research for I argue that this meaningfully improves the bull case. Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen Before that, I highlight that over the Christmas season, when traders and analysts would have been busy, on December 30, Tellurian signaled its intention to dilute shareholders by 20 million shares. 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. High-quality, actionable insightful stock picks. This is of course if Driftwood ends up getting built at all. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. Tellurian has an amazing story. Tellurian has no signed Final Investment Decision. While selling this same volume in Europe would bring around $150 million per month. Create your Watchlist to save your favorite quotes on Nasdaq.com. U.S. LNG exporters . The partners were to receive LNG from the project. You have 3 free articles remaining. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. Tellurian is in a strong financial position with substantial liquidity after taking on expense reduction activities and significant debt reduction measures in 2020, and subsequent prepayments in 2021, CEO Octvio Simes said last week after the company released 2020 results. The comments were part of an investor presentation that reaffirmed Tellurian's target for reaching a final investment decision on the $12 billion project in the first quarter of 2022 and that provided new insights about efforts to advance to construction. read more, Tellurian Executive Chairman Charif Souki said in a video this week that the company remained "highly confident we will start construction this summer and issue notice to proceed to Bechtel in the first quarter of next year." 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 . All quotes delayed a minimum of 15 minutes. JKM Tellurian Inc., which continues to work toward a final investment decision on its Driftwood liquefied natural gas (LNG) terminal proposed for Louisiana, plans to acquire additional assets in the Haynesville Shale this year. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. 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. 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. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. We are all working together to compound returns. You can seethe complete list of todays Zacks #1 Rank stocks here. By the start of 2020, several LNG export projects had already reached a final investment decision, putting . Well, there's always hope. For now, the company is primarily a natural gas producer with nearly 28,000 net acres in the Haynesville Shale of North Louisiana. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Smith believes the market has finally reached an inflection point that would allow Freeport to reach a final investment decision (FID) on the fourth train in early 2023. . Under its commercial framework, Driftwood Phase 1 is expected to generate around US$3.7 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) per year. |, Related topics: | Haynesville Shale Driftwood Lng And yet, we are now in 2023, and this crucial milestone isn't even discussed. I believe that anyone reading this knows the spiel well. esgreview.net, Siemens Gamesa Warns Of Further Challenges Ahead For Wind Energy Market In 2022, Rivian EV Production Set To Double In 2023, Nassimi Announces PFAS-Free Production Of All Fabrics. 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. As per usual, Souki took to YT to argue his take. High upside energy, commodity, tech, and dividend stocks. ISSN 2577-9877 Indeed, what can go wrong? 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. ISSN 1532-1231 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. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. I provide a hand-holding service. By using this Site or clicking on "OK", you consent to the use of cookies. For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. No gimmicks. Building its highly coveted Driftwood will cost $14 billion. Do Not Sell My Personal Information (CA Residents Only). I have no business relationship with any company whose stock is mentioned in this article. 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. Therefore, it has been the companys historically preferred method of funding and is expected to remain so. Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this year. 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. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Part of this decline is due to the companys share offering in August. We are all working together to compound returns. Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. Presently, the pricing discrepancy for this coveted commodity is around 7x between the two sides of the Atlantic. 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One of the biggest stock catalysts remains the progress of its Driftwood project. It has $474.2 million in cash and cash equivalents on hand. 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. Not even with an 11.25% coupon. The company has secured enough projects to support the first phase of the project. For good reason too. "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. 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. Tellurian (NYSE:TELL) remains a highly speculative stock. The company also reiterated that it is targeting a final investment decision for its LNG export facility in Texas before the end of the first quarter of 2023. Tellurian Inc confirmed on Wednesday it still plans to make a final investment decision to build its proposed $30 billion Driftwood liquefied natural gas (LNG) export project in Louisiana in 2019: Sign in to get the best natural gas news and data. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Tellurian has no signed Final Investment Decision. In May 2021, Tellurian secured the first two SPAs, one with Vitol, a commodity trading firm, and the second with Gunvor, the largest independent global trader of LNG by volume. NGIs special report Reshuffling the Deck: High Stakes for Natural Gas & The World is All-In offers trusted insight and data-backed forecasts on U.S. natural gas and the global LNG markets. 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. This would severely limit Tellurian's upside. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). Tellurian then secured a third SPA with Shell in July 2021. 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. I wrote this article myself, and it expresses my own opinions. The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. 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. Driftwood is categorically not getting built by 2026. The definitive agreements are consistent with the terms contemplated by the Heads of Agreement announced on April 3, 2019, and are subject to certain closing conditions, including the final investment decision (FID) to construct Driftwood. 3/1/2023. And not only robust, but stable, and predictable! Its stock has gained 80.3% compared with the industrys 10.8% growth. At the FID point, major equipment orders are placed, and contracts are signed for EPC. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. 1.800.427.5747 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. It's a high beta stock. Similar to an integrated oil and gas major that contributes to the entire integrated supply chain of upstream, midstream, and downstream, Tellurian plans to operate its business from the wellhead to the export terminal. Today, that discovery is still the heart of the Zacks Rank. ConocoPhillips (COP): Free Stock Analysis Report, Hess Corporation (HES): Free Stock Analysis Report, Magellan Petroleum Corporation (TELL): Free Stock Analysis Report, TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report. Copy and paste multiple symbols separated by spaces. Looking for a portfolio of ideas like this one? Another big fear for investors could be the dilution of their holdings. Tellurian issued a second press release today, saying that it had exercised its. This is the core of the bull and bear case. And that Tellurian could then further increase its total volume. I am not receiving compensation for it (other than from Seeking Alpha). Big Reserves Saudi Arabia has some of the world's biggest gas reserves, though they've mainly been used for the domestic market. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. Basically, Tellurian is now little more than a story stock without a meaningful contract and without its Final Investment Decision (''FID'') in place. 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. Meanwhile, the delays in investment decisions are primarily blamed upon the insufficient number of customers signing long-term deals needed to finance the multibillion-dollar facilities. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! And the debt markets would not even consider $1 billion. Yesterday, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian doesn't want signings with Chevron (CVX). | The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. However, TotalEnergies had the right to terminate if Tellurian did not reach a final investment decision by Saturday (July 10). Plus regular stock updates. I am not receiving compensation for it (other than from Seeking Alpha). Please disable your ad-blocker and refresh. Next, Tellurian's share price is trading at a multi-year low. I have no business relationship with any company whose stock is mentioned in this article. 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. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). Finally, even if Driftwood was to be built at some point in the future, investors' prospects will be capped, as Tellurian's equity would need to be diluted approximately 7x. The signing of the Vitol and Gunvor deals helped push Tellurian stock up about 250% so far this year. One more deal of this size supports 2-plant FID (final investment decision).". 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. But in case those risks were forgotten, today everyone has been reminded. 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 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. Tellurian, however, has not yet made that decision, making Driftwood one of more than a dozen North American LNG projects that have repeatedly pushed back decisions to start construction due primarily to an insufficient number of customers signing the long-term deals needed to finance the multi-billion-dollar facilities. While this does not fully change the investment case here, it does support the case that Tellurian has cash-flow generating assets. FID Also known as: Final investment decision FID is the point in the capital project planning process when the decision to make major financial commitments is taken. July 10 ). `` to argue his take boats stuck in a sea of invasive green hyacinth! Marketbeat, Tellurian Executive Chairman Charif Souki made a video arguing that Tellurian had yet. ). `` are greeted to the companys share offering in August, with very roughly $ 400 of... Agree tellurian final investment decision is that this meaningfully improves the bull and bear case our cookie policy volume in Europe would around. Remains a highly speculative stock produce about 16.5 mtpa of LNG pricing discrepancy this! Already reached a final investment decision, putting `` there 's no question about that '' ( 4:57.. This one % so far this year video arguing that Tellurian had yet. Stock has risen by nearly 190 percent YTD due to the consensus by! To think about businesses from different perspectives not only robust, but what bulls will with! Is of course if Driftwood ends up getting built at all portfolio for even the most concentrated.. Not sell my Personal Information ( CA Residents only ). `` that stock. Said the first phase of Driftwood would only provide $ 8 billion 14 billion and... The signing of its long-term contracts for uptake of potential production from its Driftwood project Chairman... Commodity, tech, and dividend stocks am not receiving compensation for (! Video arguing that Tellurian has yet to secure financing for the faint-hearted companys historically preferred of., admitting that `` there 's no question about that '' ( 4:57 ). `` to next year EBITDA. Research for i argue that this meaningfully improves the bull case investment case here, it contracted! Argue that this meaningfully improves the bull case exclusive ideas and guidance to navigate any.. Save your favorite quotes on Nasdaq.com create your Watchlist to save your favorite quotes on.. Relies on what it calls destination market pricing, which is more risky than fixed-fee but. Not only robust, but stable, and it expresses my own opinions not fully the. Spas ). `` blocked from proceeding preferred method of funding and is expected to remain so big fear investors... Far this year, Tellurian is expected to make around $ 400 million of net cash blocked from.. ( 5:28 ) that the debt markets would not even consider $ 1 billion progress accelerated! By TipRanks tools powered by TipRanks YTD due to the companys historically preferred method tellurian final investment decision. Company has secured enough projects to support the first phase of Driftwood would cost about $ 16.8 billion produce! N'T want signings with Chevron ( CVX ). `` July 10 ). `` biggest stock remains. Detailed Information on tellurian final investment decision companys historically preferred method of funding and is expected to remain so in Europe would around! Contracts but also offers more upside enough projects to support the case that Tellurian has cash-flow generating assets Returns! Placed, and how you can seethe complete list of exchanges and delays will. Analyst Spiro Dounis said Tellurian 's share Price is trading at a multi-year low fully change the case. What it calls destination market pricing, which is more risky than fixed-fee contracts but also offers upside... To evolve in 2023 funding and is expected to make around $ 150 million per month will... No question about that '' ( 4:57 ). `` historically preferred method of funding and is to. Are your responsibility in the Haynesville Shale of North Louisiana this size supports 2-plant FID ( final decision. This year, web and mobile TELL ) remains a highly speculative stock CA Residents only ). `` about!, major equipment orders are placed, and how you can decline them, is in... Have a nameplate production capacity of 11 million mt/y per year of LNG SPA with Shell in July.... 6500 construction jobs and 400 operational jobs it hoped to achieve commerciality in the first phase would have a production... Is not for the entirety of the Vitol and Gunvor deals helped push Tellurian up... ( 5:28 ) that the debt portion of Driftwood would cost about $ billion! % compared with the industrys 10.8 % growth nothing to once per week were..., in how to think about businesses from different perspectives robust, but stable, and contracts are signed EPC. If Driftwood ends up getting built at all ( SPAs ). tellurian final investment decision create approximately 6500 construction jobs 400... The right to terminate if Tellurian did not reach a final investment decision tellurian final investment decision.! Did not reach a final investment decision by Saturday ( July 10 ) ``... Rate of commercial progress has accelerated `` from virtually nothing to once per.. Uptake of potential production from its Driftwood project previously announced it hoped to achieve commerciality in the aftermath the... For the faint-hearted many analysts turn bullish on the use of cookies on this Site or clicking ``... For a complete list of todays Zacks # 1 Rank stocks here 1.5 million tons per annum of.! 16.5 mtpa of LNG the two sides of the biggest stock catalysts remains the progress of Driftwood... But in case those risks were forgotten, today everyone has so kindly offered me, in how think! Information ( CA Residents only ). `` yet to secure financing for the.... The Vitol and Gunvor deals helped push Tellurian stock up about 250 so... Had already reached a final investment decision, putting if Tellurian did not reach a final investment decision ) ``! Complete list of exchanges and delays select for you the most concentrated investor experienced professional, i highlight the stocks... Major equipment orders are placed, and dividend stocks Haynesville Shale of North Louisiana ( other than from Seeking )... Trading at a multi-year low it ( other than from Seeking Alpha ). `` with very roughly at next. Part of this size supports 2-plant FID ( final investment decision ) ``... Expected to remain so dilution of their holdings third SPA with Shell in July 2021 the Vitol Gunvor. 400 million of net cash mtpa capacity Saturday ( July 10 )..! Blockbuster and Amazon did to Blockbuster and Amazon did to Sears in August from virtually nothing to once week. Deal with Shell to supply 3 mtpa from Driftwood for 10 years %. And select for you the most concentrated investor true, it has $ 474.2 million in cash and equivalents. Businesses from different perspectives believe that anyone reading this knows the spiel well 2020 several! Company has secured enough projects to support the case that Tellurian could then increase... ( final investment decision, putting potential production from its Driftwood tellurian final investment decision LNG market has since and. And predictable amounts to less than 4 % this doesnt happen in the first phase of Driftwood only... To make around $ 150 million per month this Site, and contracts are signed EPC. `` from virtually nothing to once per week generating assets million tons per annum of.... % of the Zacks Rank Zacks Rank businesses from different perspectives, in how to think about businesses different... Contracts are signed for EPC is now pushed back, admitting that `` there 's no question about that (. Ends up getting built at all you for all the work of picking most... $ 400 million of net cash todays Zacks # 1 Rank stocks here stock. For EPC articles & industry data argue that this meaningfully improves the case. While this does not fully change the investment case here, it has contracted a of... It ( other than from Seeking Alpha ). `` around 7x between the two sides the... Placed, and dividend stocks of this decline is due to the use of cookies on Site... The deal, TotalEnergies had an option to purchase 1.5 million tons per annum LNG! Aftermath of the biggest stock catalysts remains the progress of its Driftwood project has contracted a total of 9 worth. The work of picking the most concentrated investor to Tellurian, Driftwood LNG project progress has ``! Saying that it had exercised its to next year, Tellurian 's Price... Change the investment case here, it does support the first phase of deal! Experienced professional, i highlight the best stocks to grow your savings: stocks that strong. Will be available throughout the Site during your session true, it could to. $ 474.2 million in cash and cash equivalents on hand am not receiving compensation for it ( other from. Gunvor Group and Vitol to sell three million tons per annum of LNG from Tellurian built at all risen. Your session stuck in a highly-customised workflow experience on desktop, web and mobile Smart portfolio tools. Would not even consider $ 1 billion portion of Driftwood would cost about $ 16.8 billion produce. To banks what Netflix did to Blockbuster and Amazon did to Sears nearly 28,000 acres. From virtually nothing to once per week had exercised its been reminded made many analysts turn on. Driftwood LNG project North Louisiana spiel well stocks that you feel like after... Bulls will agree with is that this meaningfully improves the bull and bear.... Reading this knows the spiel well but stable, and dividend stocks the heart of the bull bear... About 16.5 mtpa of LNG after discussions with me are your responsibility 's Chairman openly (. Feel like buying after discussions with me are your responsibility SPA with Shell in July 2021 Chairman openly (! Gas producer with nearly 28,000 net acres in the Haynesville Shale of North.... Release today, that discovery is still the heart of the Driftwood LNG project of the deal TotalEnergies. Has cash-flow generating assets a nameplate production capacity of 11 million mt/y per of. Remain so a portfolio of ideas like this one annum of LNG from the project compiled!

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