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Why Tellurian Plunged Today

TheMotleyFool

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Why Tellurian Plunged TodayPhoto, wide shot, wide-angle lens, Gas company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/01083d82-021d-4573-8c40-0e836a0771d6.png

Shares of (NYSEMKT: TELL) plunged another 24% on Friday as of 1 p.m. ET.

The company, whose main asset is the still-under-construction Driftwood liquified natural gas plant, reported earnings yesterday, missing expectations.

While Tellurian's earnings don't matter particularly much, as they mainly consist of the company's small upstream natural gas assets and not anything from Driftwood, it was still another setback for the beleaguered stock.

Source Fool.com