Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Tellurian Sank Again Today

TheMotleyFool 
0 0 16.10.23
Why Tellurian Sank Again 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) were down another 9.2% in today's trading as of 12:34 p.m. ET. The stock is now trading for around $0.80, and its market cap is down to $467 million.

That's a tiny valuation when you fancy yourself the future owner and operator of a giant future LNG export facility on the U.S. Gulf Coast. Unfortunately, that giant LNG export facility is still under construction, and won't be operational until the latter part of the decade.

Still in need of financing, Tellurian's stock has recently taken another leg down for two reasons: the rapid rise of long-term bond yields, and last week's request to regulators to delay the opening of its Driftwood LNG plant by another few years.

Continue reading


Source Fool.com

Tellurian Inc Stock

Show more
Like: 0
TELL
Share

Comments

Not a member yet? Sign up for free!