Why Tellurian Stock Nearly Doubled in May
As energy stocks go, Tellurian (NASDAQ: TELL) has always been considered a high-risk, high-potential reward sort of company, with a great deal of uncertainty about whether the risk would pay off. In May, the company announced solid progress in its natural gas export plan, causing the stock to gain 96.8%, according to data provided by S&P Global Market Intelligence.
Tellurian's business is built around a plan to export liquefied natural gas (LNG). In theory, it is a huge potential opportunity: North America has ample supplies of low-cost natural gas, and when liquified, that gas can be shipped in large quantities to markets where it is in demand. Cheniere Energy has had success exporting LNG, and Tellurian, which was established by one of Cheniere's founders, is attempting to build its Driftwood LNG export facility on the west bank of the Calcasieu River, south of Lake Charles, Louisiana.
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Source Fool.com
