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 Surged Today

TheMotleyFool 
0 0 03.05.23
Why Tellurian Surged TodayPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png
 

On a choppy day for the markets, natural gas and LNG player (NYSEMKT: TELL) was up 11.3% on the day.

The beleaguered company, which has seen its shares fall by 75% over the past year, gave an earnings update this morning, and apparently investors either liked what they heard, or short-sellers heard something that made them cover their bets.

Tellurian owns some natural gas drilling wells in the U.S., but its main asset is the yet-unbuilt Driftwood liquefied natural gas (LNG) export plant. Higher interest rates have wreaked havoc on Tellurian's financing plans, and plummeting natural gas prices have also hampered its drilling operations. Yet, perhaps because things were thought so dire, any amount of halfway-good news could have been enough to send the stock higher today.

Continue reading


Source Fool.com

Tellurian Inc Stock

Show more
Like: 0
TELL
Share

Comments

Not a member yet? Sign up for free!