Tellurian Inc (TELL)

[velcro]

Received a Tellurian phone call today soliciting my vote. She said there was no record that I voted, did I want to vote or change my vote?
No, I said, my vote is already recorded. So then she probed how I voted. I voted NO across the Board because I'm really upset with the Merger Agreement.
So, I'm thinking Tellurian is getting a significant number of NO votes or people just not voting.

[velcro]

It likely would take a very large investor such as Pernendu Chatterjee to vote NO and contend for a higher fair market value.
Nevertheless, my small percentage voted NO across the board.

[the_buzz_man]

So, I got the email yesterday about voting. What's the consensus on yay or nay? I'm not familiar with this type of situation. I did read in the "Appraisal Rights" section about people who do not vote in favor being entitled to an appraisal, which could either lower or raise the value based on court decision of value. Not sure how often something like that actually happens. Thoughts?

[velcro]

Merger??? After paying stockholders $1 for each share and telling us to get lost, then Tellurian survives the merger as a wholly owned subsidiary of Woodside Energy. That makes it easier for Woodside to spin off Tellurian for a bigger profit.
Damn it, we should have gotten some shares in Woodside Energy (WDS). I'm voting NO.

[velcro]

Okay, a 10 cent gain on 90 cents before year end is well over 11% return on a yearly basis.

[velcro]

OCT. 31, TELZ pays $0.52 per share.

[velcro]

Some folks are selling since there will NOT be a better offer. Chatterjee Pernendu NOT HAPPY.
Reuters August 9, 2024 Woodside Energy which agreed last month to buy Tellurian, the developer of a fully-permitted U.S. liquefied natural gas (LNG) project, for $1.2 billion including debt is unlikely to face a rival bid, people close the deal said.
While taking over the troubled Driftwood project would help Woodside's ambition to become one of the world's largest independent LNG producers, the Australian company had no competition, the people said, despite Tellurian's eight-year-long effort to recruit investors to the project that it had claimed to have invested $1.5 billion.
Woodside's offer came with a bridging loan of up to $230 million that allows construction of the 27.6 million metric ton per annum facility in Louisiana to proceed.
A Tellurian spokesperson said the LNG developer has not yet scheduled a shareholder vote on the Woodside deal, which is not expected to close until late this year. Its board has endorsed the deal, agreed to not solicit other offers, and to pay a $36 million termination fee in the event a higher bid upends the current offer.
The transaction includes the $900 million cash purchase of outstanding Tellurian common stock at $1 per share, which Woodside said represented more than a 75% premium to Tellurian's last closing price before the deal.
Tellurian's second largest shareholder, Chatterjee Management Company, which owns 5.3% of Tellurian, is not happy with the sale price, but expects to support the Woodside deal barring a better offer. "If there is a better offer for the company, they can and will show up, before the deal is presented to the shareholders," said Chairman Purnendu Chatterjee.
Chaterjee Management bought most of its shares in Tellurian between Dec. 13 and Dec. 22 when the stock traded between 65 and 84 cents per share.
Hedge fund Magnetar Capital Partners this week disclosed it had bought 46.1 million shares of Tellurian in Julyat weighted average prices between 91 cents and 94 cents apiece. The company, which holds a 5.16% stake in Tellurian, did not comment on the purchases. But in a securities filing, it described the stock purchases in the days after Woodside's bid as designed to profit from the spread between the share price and Woodside's $1 share offer.
Tellurian shares last traded at under 91 cents on Thursday.
Former Tellurian Chairman Charif Souki this year had floated putting together an offer for the company after his departure at the end of 2023. None has materialized and he did not reply to requests for comment through his attorney or the company.
Prior to Woodside's offer, there was no serious interest expressed in an equity investment in the Driftwood project or Tellurian, two people familiar with the process told Reuters.
"We could not get anyone to commit to take volumes out of Driftwood. The closest we got was the Heads of Agreement( HOA) with Aethon Energy, one of the people told Reuters. Aethon is a natural gas producer that acquired Tellurian drilling assets.
"If they could have gotten a few commercial arrangements it would have convinced people the project could be built," the person said.
Tellurian had reduced its liquefaction fees to closer to the market's average $2.25 per million British thermal unit processing fee, but potential customers wanted even lower fees, the source said.

[fink]

I want to know what TELZ gets.

If this continues to dip, it might be a good play.
But I can't see it too far from the .90 line.

[Crapsguy]

Does anyone here know if TELLs NG production assets/leases are part of the deal -- Im betting mgmt will walk away with those in their pocket with shareholders getting ZIP even though they were purchased with TELL shareholder $$

[georgie18]

Open Gap on July22...from .62 to .93...its a fact...🥳

[fink]

There is no gap.
That theory doesn't apply. If this dips below 10% off a dollar you'll be lucky. But stranger thing can happen. Every day someone might have a need and bail.


Play is over.
It's like MITI now.

We got the rug yanked out of the potential

[georgie18]

TELL...9364... https://schrts.co/ibdiCiTS ...🥳...Open Gap that needs to fil in the .65 range...Williams Overbought here...Bidding the Open Gap range...

$1 buyout on the table...

[fink]

The big roll of the dice, will there be another offer?

It's still $1 in the bank. Why sell?

Wait till The tax law has the potential to change for the better.
All of my sub .50 shares are no where close to long term cap gains.
The shareholders vote date has not been set in stone either. Thats good for at least 90 days from now.

Pretty much, this play is dead.
Anyone want the Mod spot. LOL

[velcro]

Magnetar Financial LLC now owns 5.15% taking advantage of those willing to sell a little cheaper.

[fink]

Nat gas price is irrelevant to us. We sell LNG. Nat gas can be burned off for decades if we want in America. It sees value when we can pipe it or freeze it for others in need to use it.

And another piece of the value puzzle is who ships it.

But as the World wakes up from the Globsl climate change scam, I think many countries go back to coal and nuclear. Coal is cheap and everywhere on Earth. It just got a black eye from the wack job agenda.
LNG rode the coat tail of climate change wackadoodles. Look how fast China is getting away from LNG infrastructure today. Germany going full nuclear. LNG was just the bridge fuel to get there..

I'm holding mine for the next offer. I will vote yes however if another doesn't come.,

[velcro]

After Hours (late) some idiot sold at 87.4 cents

[zeusgodmd]

Not a big deal to me already cashed out

[zeusgodmd]

What’s up I know natural gas prices around 2$

[velcro]

Woodside Energy (WDS) is an Australian company listed on the NYSE.
Annual Dividend is $1.40 which is 7.8% return.
WDS might be worth an investment since they're stealing TELL.
TELL executives agreed to a reduced Bonus, but I wonder if that's the price to keep their jobs with Woodside Energy.

[fink]

Amen.

MITI pharma play was like that for me. A $150m drug pipeline then CEO sold out his 10m shares for $14
It was still a sweet $5 to $14,bump. Us commons are still in a class action that will never be seen in court.

Woodside on the American exchanges??

[velcro]

Being a contrarian, I will vote NO.
If the majority wants to sell for $1 so be it.
Why no deal for shares in Woodside Energy (WDS)?
The message is: "Here's One Dollar, now get lost."

[velcro]

Wondering what the big investors like BlackRock and Purnendu Chatterjee are thinking?

[fink]

One day you will have no shares in your account but cash money.
It's automatic. You don't have to do anything.
All you can do is sell or wait. You can still trade. It's just not going to go down unless horrific news hits. Like Woodside says F'k it and buys all the weak shares below a dime.
It might get interesting. This is a LNG jewel in the making for someone.
Question is, how long will the deal to take?
And will the SEC approve it after the shareholders meeting.

I took out 80% of mine yesterday. Holding the rest for fire works.

[fink]

Why?
There will be a shareholders meeting.

[fink]

It's a guarantee buy out @ $1

That's it. It's out of your hands unless another offer comes in.
Where is India or Japan? The Germans are fools for not jumping on this.

[the_buzz_man]

So, I'm a newb to this situation. What is the play here? If I hold on to what I have in TELL and this sell goes through, what happens to the shares I have?

[velcro]

It sure seems that TELL is hoping for a better offer. Yet at the same time Martin Houston's letter wreaks of desperation.
But, what to make of this interim deal with 12% interest? "As part of the agreement, Woodside is providing Tellurian with a bridging loan of up to $230 million at a 12% interest rate to secure uninterrupted operations and continue the construction of the Driftwood LNG plant, the U.S. company said in a separate filing."
It sounds like Woodside doesn't trust TELL to take down the "For Sale" sign so charging 12% interest just in case.
Some stockholders bought TELL over $1 and hopefully averaged down. Any company making a better offer and Woodside can keep fishing.

[Chappy86]

And the lawsuits are cropping up.

[velcro]

You maybe right because TELL and TELZ holding at lower price.
Purnendu Chatterjee owns 7.3% at approximately average price 65 cents.
Still hoping India will make an offer.

[Chappy86]

Maybe that's why TELL took the low ball figure to get ADNOC or Saudi Arabia to create a counter.

[Chappy86]

Does anyone have a short squeeze report and know exactly how many shares are still shorted? Remember most folks aren't going to hold tell after we have had so many bag holders.

[choo choo trader]

Thanks for your input.

[fink]

Very true
However they covered pre market.
Shorts are long gone.

This will need a shareholders vote.
I think another offer can hit. But won't be much more.
Maybe 20%

[choo choo trader]

What about the 1.2 million shares short? They are going to have to cover at some point before the buyout is consummated. Couldn't we have a short squeeze moving the share price above $1 if enough current shareholders just hold onto their shares?

[fink]

And we could see another offer.

[fink]

That's pretty much what the site is worth today.
Equitable deal.

Australia wins. Another failure of the Biden administration. Best time to grab this was now while the US is weak. Woodside sees the writing on the wall.
Trump will jump start American energy.

But can they finish the Job here?

[tw0122]

Woodside will acquire all the outstanding shares of Tellurian for $1.00 per share in an all-cash transaction

[zeusgodmd]

100 million shares short 12 percent of float

[zeusgodmd]

To bad shorties you lose

[velcro]

Instead of the Green New Scam, it's all green lights for Tellurian (TELL)

[fink]

TELL under Trump?

Under the left, it's a continued uphill battle.,

[velcro]

While awaiting news I generally check TELZ for reassurance.

[Chappy86]

Did we get a deal or no deal?

[fink]

Low alerts going off.

[zeusgodmd]

Maybe see a pop with trump nomination

[tw0122]

The US became the largest LNG exporter in the world in 2023. It has long been the largest natural gas producer in the world.


Annual natural gas marketed production in the US rose by 4.7% to a record 41.3 trillion cubic feet in 2023, according to EIA data. Natural gas production has surged by 113% since 2006, and by 41% since 2017, as a result of the massive US fracking boom that reshaped the energy landscape and pricing in the US and globally.



Some milestones:

In 2009, the price of US natural gas collapsed amid overproduction from fracking, and no LNG export terminals in the lower 48 states.
In 2011, the US became the largest natural gas producer in the world, with prices wobbling along collapsed levels.
In 2016, natural gas became the dominant fuel for power generation in the US, beating coal.
In 2016, the first LNG export terminal in the lower 48 states came on line, and large-scale LNG exports began.
In 2023, the share of natural gas rose to another record of 42.7% of total power generated in the US.
In 2023, the US became the largest exporter of liquefied natural gas (LNG) in the world for the first time, beating Qatar and Australia.

[velcro]

Charif Souki receives a cash severance amount equal to $6,428,000, payable in substantially equal installments over 12 months following the Termination Date with the first payment commencing on the sixtieth (60th) day after the Termination Date.

[velcro]

Interesting. Charif Souki did get $7.4 million for his forced resignation.
Souki may be able to do it, but why announce it in advance and risk paying a higher price???

[outnabout]

Souki planning to buy a stake in Tellurian.

Charif Souki said he plans to raise $100 million from investors to buy a stake in Tellurian Inc. - https://t.co/4W3ssPepaA

— LNG Global (@lngglobal) July 2, 2024

[Chappy86]

Hedge funds are killing us.IMO