Tellurian Inc

Tellurian is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an LNG terminal facility (the Driftwood terminal), and three related pipelines (the Pipeline Network). The proposed Pipeline Network will consist of three pipelines, the Driftwood pipeline, the Haynesville Global Access Pipeline and the Permian Global Access Pipeline. The Driftwood pipeline interconnect with existing interstate pipelines throughout southwest Louisiana to secure adequate natural gas feedstock for the Driftwood terminal. The Driftwood pipeline will be comprised of pipeline segments and compressor stations.
  • TickerTELL
  • ISINUS87968A1043
  • ExchangeNASDAQ Stock Market
  • SectorOil & Gas Producers
  • CountryUnited States
Frank Maaø ...
  • Joachim Gunell
  • Mats Bye
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole-Andreas Krohn

Northern Lights

Nicolay Dyvik

Tellurian (Buy, TP: USD4.00) - Cash to last through hardship

We have updated our model for a delayed start-up of Driftwood LNG, now assuming the first plant to come on stream by end-2023. The company has recently taken measures to reduce G&A and secure sufficient liquidity buffers, and is now fully capitalised to last through 2020 on our estimates, despite a quarterly cash burn of USD23m. There have been no liquefaction FIDs since September 2019, which could prove a positive for Tellurian due to an improved long-term market balance. We reiterate our BUY, but have cut our target price to USD4 (USD13.7).

Tellurian Inc: 1 director sold

A director at Tellurian Inc sold 17,988,677 shares at 1.529USD and the significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boa...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Tellurian Inc: 1 director sold

A director at Tellurian Inc sold 17,988,677 shares at 1.529USD and the significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boa...

Nicolay Dyvik

Tellurian (Buy, TP: USD4.00) - Cash to last through hardship

We have updated our model for a delayed start-up of Driftwood LNG, now assuming the first plant to come on stream by end-2023. The company has recently taken measures to reduce G&A and secure sufficient liquidity buffers, and is now fully capitalised to last through 2020 on our estimates, despite a quarterly cash burn of USD23m. There have been no liquefaction FIDs since September 2019, which could prove a positive for Tellurian due to an improved long-term market balance. We reiterate our BUY, but have cut our target price to USD4 (USD13.7).

Nicolay Dyvik

SHIPPING: Phase 1 could increase tanker demand by more than 2%

In its Phase 1 trade document, China pledges to increase US exports of energy products by a total amount of USD18.5bn in 2020, then USD33.9bn, reaching USD52.4bn by 2021. Energy is defined as LNG, crude oil, refined products (including LPG) and coal. The value of US exports of crude, LNG and LPG in 2017 was USD6.7bn, of which two-thirds was crude. Assuming crude will account for 50% of the increment, US exports to China by 2021 could rise to 1.3mbpd. The pure substitution effect should see additional demand for ~30 VLCCs, or more than a 2% increase in crude tankers demand. Similar effects shou...

Nicolay Dyvik

Shipping Summary (DNB Markets) - Decarbonisation could extend cycle (49 pages)

Wallenius Wilhelmsen, Stolt-Nielsen and Flex LNG are our top picks for 2020, as our LPG and Tankers stocks have upside potential of only 4–7%. For further upside potential there, you need to discount a cycle extension.

Frank Maaø ...
  • Joachim Gunell
  • Mats Bye
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole-Andreas Krohn

Northern Lights

Håkon Astrup ...
  • Jesper Ingildsen
  • Joachim Gunell
  • Mats Bye
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Mattias Holmberg ...
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole-Andreas Krohn

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

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Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Joachim Gunell
  • Mattias Holmberg
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

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