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Started By
Message
Tellurian to be Acquired by Woodside for Approximately $900 Million
Posted on 7/21/24 at 6:52 pm
Posted on 7/21/24 at 6:52 pm
7
Posted on 7/21/24 at 7:25 pm to Bussemer
Beautiful
Posted on 7/21/24 at 8:29 pm to ApexHunterNetcode
How does this work? Will I receive shares of stock in wood side or is the amount of shares in the account exchanged for dollars?
Posted on 7/21/24 at 8:30 pm to Pierre
Anyone have any thoughts on wood side energy. If you believe in the tellurium story should you invest in wood side?
Posted on 7/21/24 at 8:36 pm to Pierre
quote:
Will I receive shares of stock in wood side or is the amount of shares in the account exchanged for dollars?
What I read said $1/share - ugh...............
Posted on 7/22/24 at 7:09 am to Bussemer
lol, my cost average is right below $4. fricking Souki.
Posted on 7/22/24 at 7:20 am to Bussemer
Glad I bought another 1800 shares on Friday 
Posted on 7/22/24 at 8:45 am to Pierre
quote:
Anyone have any thoughts on wood side energy. If you believe in the tellurium story should you invest in wood side?
I've worked in the LNG space since 2021 as an analyst, operationally speaking Woodside is right up there with Cheniere as far as premier LNG operators/stakeholders. Cheniere and Woodside have expanded their portfolios and become more diverse/hedged in the last few years. Initially, they were just owner/operators of plants, Cheniere with Sabine and CC and Woodside with three Australian plants, but have since diversified into markets selling cargoes on delivery or other means. This allows them to take advantage of vessel chartering pricing, which has been the money maker since 2022, especially since November of last year. Chartering prices are through the roof with sanctions on Russian LNG facilities and some LNG tankers and routes being diverted around the Suez Canal and Panama (delays).
Think you will see some serious upside and push to FID Driftwood now with a major LNG player buying the project up. They may not be entirely driven to fill up all of the expected offtake. I do not believe Woodside owns any regasification capacity in Europe, but wouldn't be surprised to see them take a similar route as VG and buy regas capacity in the UK or other NW Europe terminals to help with consistent deliveries to Europe.
This post was edited on 7/22/24 at 8:46 am
Posted on 7/22/24 at 10:43 am to Bussemer
here’s a buck…
Posted on 7/22/24 at 11:39 am to TigerDeBaiter
quote:
operationally speaking Woodside is right up there with Cheniere as far as premier LNG operators/stakeholders
Why do you say that when their recent Australian projects have been multiples over budget -- billions and billions and billions over budget
Posted on 7/22/24 at 11:56 am to Texas Tea 123
so what happens to my shares? they give me 1$ and close the position?
Posted on 7/22/24 at 11:57 am to lsuoilengr
quote:
so what happens to my shares? they give me 1$ and close the position?
Yes, it’s an all-cash transaction.
Posted on 7/22/24 at 12:01 pm to Bussemer
woof
Posted on 7/22/24 at 12:16 pm to Texas Tea 123
quote:
Why do you say that when their recent Australian projects have been multiples over budget -- billions and billions and billions over budget
You mean like exactly what's going on right now in the US, but they built in a more O&G-hostile country, at least currently, with just as much if not more regulation.
IMO Pluto and NWS are two of the best if not the top two LNG facilities in Australia, as in you never really hear of too many problems. Gorgon and Wheatstone have been absolute garbage of late and they had the protests last year.
Pluto, as you mentioned, was way over budget and screwed up from the EPC side, Foster Wheeler WorleyParsons ran this one. Woodside still maintains that the EPC screwed up by not bringing a tornado-rated flare tower and other equipment.
I think Woodside is a great buy in this situation being that they are one of the only ones left with a non-FTA license that can have a facility built in said timeline. They have the capital to push for FID, along with options in the mean time if they don't fill out the offtake capacity. They own several tankers and have established relationships across the East if Europe is slow to buy in.
This post was edited on 7/22/24 at 12:19 pm
Posted on 7/22/24 at 3:01 pm to rowbear1922
quote:
quote: so what happens to my shares? they give me 1$ and close the position?
Yes, it’s an all-cash transaction.
So it’s trading at $0.95. Is that just because there is still some small risk the sale won’t close?
Posted on 7/22/24 at 3:45 pm to PhiTiger1764
quote:Yes.
So it’s trading at $0.95. Is that just because there is still some small risk the sale won’t close?
Posted on 7/22/24 at 5:08 pm to PhiTiger1764
quote:
So it’s trading at $0.95. Is that just because there is still some small risk the sale won’t close?
Yes, small risk along with the 100M short shares getting out at any price under the $1.00/share
Posted on 7/24/24 at 4:31 pm to Crescent Connection
quote:
lol, my cost average is right below $4. fricking Souki.
My average is over $6. I'm taking a bath in this.
Posted on 7/24/24 at 6:05 pm to Bussemer
quote:
Good news for bag holders
Is it though?
Their bags got a little smaller but are about to be turned into realized losses…
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