Tellurian Inc (NASDAQ: TELL) Resumes Upward Journey

Tellurian Inc (NASDAQ: TELL) strengthens its balance sheet and focuses on building integrated natural gas business worldwide. 

Repaid all of the debt

The natural gas production of Tellurian is declined by 15.38% QoQ to 3.3 bcf (billion cubic feet) in Q1 2021. 

As of March 31, 2021, it has interests in 72 manufacturing wells. The company holds assets worth 9,704 net acres. 

Tellurian repaid all of its debt of $17 million on April 23, 2021. It previously paid back a term loan of $38 million (of 2019) on March 15, 2021, using the cash on hand. 

Tellurian’s CEO, Octávio Simões, said the company receives interest from global customers in its LNG products offering because they could build portfolios with reliable, flexible, and cleaner energy sources. The company will expand its drilling operations this year. It expects to generate significant revenues from its Haynesville Shale.

Tellurian posted revenues of $8.7 million in Q1 2021 from the sale of natural gas. It holds CE (Cash Equivalents) and a cash balance of $58.7 million at the end of Q1 2021. The company maintains a balance sheet of $270.3 million.

What is ahead for shareholders?

Houston, Texas-based Tellurian would build an economical natural gas business worldwide and generate significant dividends for the shareholders in the future by delivering profitable natural gas to global customers.

The company is developing an LNG export facility (27.6 mtpa) as part of its infrastructure push besides LNG trading and marketing. 

According to a communiqué on May 10, 2021, Tellurian’s EC, Charif Souki, would participate in the Citi 2021 GEU (Global Energy & Utilities) Virtual Conference at 12:50 PM on May 12, 2021. 

Strengthens senior management

Tellurian inducted Octávio Simões as its president on November 30, 2020. The company also strengthened its board by inducting new independent members – Jean Abiteboul and Jonathan Gross. 

The new members and CEO would contribute their experience to strengthen the business operations of Tellurian and boost revenues in the future.

Benefits of LNG

LNG offers significant benefits for transport fleet operators and owners. Its prices are more stable compared to diesel and provide control in budgeting. 

LNG also improves the life of a vehicle by almost three times. Also, vehicles using LNG are less noisy besides reducing greenhouse gas emissions.

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