Added to YB: 2024-05-27
Pitch date: 2024-05-25
TELL [bullish]
Tellurian Inc.
+80.04%
current return
Author Info
No bio for this author
Company Info
Tellurian Inc. engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading.
Market Cap
$410.6M
Pitch Price
$0.52
Price Target
N/A
Dividend
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Tellurian Inc.: Navigating Setbacks and Poised for Strategic Growth
$TELL: Tellurian Inc, co-founded by Charif Souki (Cheniere), developing Driftwood LNG facility. Raised $100Ms, secured SPAs with Gunvor, Vitol, Shell. Expanded to Haynesville Basin for supply. High rates, low gas prices ended SPAs & financing. Souki out. Lazard hired to sell upstream assets (~$70M EBITDA), could eliminate debt if $300M+. Driftwood valued at $685M with uncertainty. On R2K deletion list before potential Q2/Q3 '24 asset sale / Driftwood offtake catalysts.
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