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Started By
Message
re: Tellurian: A Potential Hundred Bagger?
Posted on 4/28/21 at 1:34 pm to GeneralLee
Posted on 4/28/21 at 1:34 pm to GeneralLee
quote:
GeneralLee
Thanks. I know a coupe people that work for Total and they have been in a spending halt and budget crunch for a little while now. Would not surprise me if Total does pull out... OR maybe the budget crunch is so the CAN invest... hhhmmmm...
1
Posted on 4/28/21 at 11:27 pm to Dock Holiday
quote:
Would not surprise me if Total does pull out..
Speaking of Total/Tell
This week Total had to declared force majeure on its LNG development in Mozambique. Total had ~$15bn in loans attached to the LNG project.
So on the one hand, def a cash crunch for Total.
On the other hand, Total said almost 90% of the projected Mozambique production had already been sold through long-term contracts in Asia and in Europe.
NS Energy News article
Those orders will be filled somewhere, maybe Total steps up greenlighting the Tell/Driftwood project?
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