sigh

Link says Qatar will undercut global market, effectively killing LA projects....e.g., TELL

The whole story just seems too good to be true. I think the only way they can get to FID is through massive dilution of existing shareholders.

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Should we sell?

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Great question - no sarcasm intended - if I knew the answer, I wouldn't be posting on TD Money Talk on a Thursday evening.

Per capita, Qatar is one of the richest countries on Earth - if they decide to sell LNG at a loss (subsidize) in order to eliminate long-term competition, they can do it.

There are a lot of moving parts, including:
- Biden and his unhinged base want to eliminate fossil fuels
- demand for LNG is increasing
- Qatar probably can't satisfy all LNG demand
- Qatar and others (non-USA) probably can satisfy all demand
- Tellurian may have to "adjust" their business model - what that means, who knows? Less free cash flow per share? Slower date for full production? Lower revenue per unit of LNG? Cash out and fold?
Financing either disappears or dramatic increase in cost? Some satanic combo of the above, plus other obstacles?

I invested in TELL with the understanding it was binary - grand slam, walk-off home run or called 3rd strike, down 3 runs w/bases loaded.

Charif Souki and his team ain't novice rookies and I will be listening closely to him the next week or so with the understanding he cannot be completely transparent. Also won't be surprised if stock craters (<$1) tomorrow - in which case, I may roll the dice and load up - why not?

Hang on - no guts, no glory.

Looks like TELL is starting the day up 10% ... interesting.

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I cashed out of TELL today. Took my 33% profit

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Hopefully this is just the beginning!

They ran it from up 10 to down 6 to finish up 6.

They are doing their best running it down.

We shall see.

Word on the street is CEO said they'll be sold out soon for gas.

Rerated to $4.40

Short interest is dropping quickly. They may be bailing knowing its going to continue to climb.

GL. I'm increasing my holding by 25%. That'll be what's left of my holdback.

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As in, funding for Driftwood and an FID?

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That is my understanding. Looking for his transcript from him staying that. Couple news articles mentioned it.

LINK

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Tellurian expects to complete commercial agreements within the next few weeks sufficient to support the first phase of its Driftwood LNG export project in Louisiana, Executive Chairman Charif Souki said May 12.

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he uploads videos personally every week

Man I wish I had gone for more than a small 15K share position now.... Souki said 4-5 deals like this were coming in the next few weeks.

Not much movement in premarket..