Tellurian Could Be Nearing Multiple Catalysts. Is It Time to Buy the Beaten-Down LNG Stock?
(NYSEMKT: TELL) has been going through a brutal stretch. Surging interest rates and tumbling natural gas prices have caused its stock price to crater. Shares of the natural gas company are down more than 90% from their peak a couple of years ago.
However, a couple of catalysts could be just over the horizon. Here's a look at whether investors should buy shares of the liquefied natural gas (LNG) project developer ahead of these looming catalysts.
Tellurian hired a financial advisor earlier this year to, among other things, explore the sale of its upstream natural gas production business. The company initially envisioned using the cash flow produced by this business to help fund the development of its Driftwood LNG export project. It could eventually export that gas from Driftwood, making both businesses more profitable.
Source Fool.com
