TELL - Tellurian Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
8.68
+0.10 (+1.17%)
At close: 4:00PM EDT
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Previous Close8.58
Open8.56
Bid8.50 x 1400
Ask8.68 x 1000
Day's Range8.17 - 8.89
52 Week Range5.12 - 11.80
Volume3,078,774
Avg. Volume2,294,744
Market Cap2.102B
Beta (3Y Monthly)2.77
PE Ratio (TTM)N/A
EPS (TTM)-0.64
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est11.68
Trade prices are not sourced from all markets
  • Tellurian Signs $7.5 Billion Pact With Petronet for U.S. LNG
    Bloomberg

    Tellurian Signs $7.5 Billion Pact With Petronet for U.S. LNG

    (Bloomberg) -- Tellurian Inc. said it signed a $7.5 billion agreement for India’s Petronet LNG Ltd. to buy into its proposed liquefied natural gas terminal in Louisiana, in what could potentially be one of the largest foreign investments in the U.S. to ship shale gas abroad.Petronet will spend $2.5 billion for an 18% equity stake in the $28 billion Driftwood LNG terminal -- the largest outside holding so far in the project -- and negotiate the purchase of 5 million tons of gas per annum. The remainder of the total will come from debt, Tellurian Chief Executive Officer Meg Gentle said.The companies plan to complete the accord by March 31, by which time Tellurian hopes to have signed up partners to enable it to proceed with the project.“We will sign the document sometime in the first quarter and we will have financing ready to close simultaneously, and then we will begin construction,” Gentle said in a telephone interview. “India is one of the fastest growth markets for LNG and should soon become the second-largest LNG importer.”The deal, signed in Houston in the presence of Indian Prime Minister Narendra Modi, underscores a record year for the LNG industry, with tens of billions of dollars worth of export projects given the green light. The surge of new supply from America’s trove of shale gas has rendered the once-premium fuel accessible for emerging markets such as India, currently the sixth-largest buyer of U.S. LNG.“People should not be surprised this came,” said Tellurian co-founder Charif Souki, who also started America’s largest LNG exporter Cheniere Energy Inc. “The United States and India have a significant issue diametrically opposed. We have too much gas that we don’t know what to do with and India needs greater gas, and 1 million tons a time is not going to solve the problem.”The Petronet deal, the largest by an Indian company in U.S. LNG, comes days after the gas industry’s all-important GasTech conference and coincides with Modi’s much-anticipated visit to Texas. He’s set to take the podium at Houston’s NRG Stadium with President Trump on Sunday and address a crowd of more than 50,000.“This deal will further help diversify India’s energy supplies,” said Lydia Powell, who runs the Centre for Resources Management at the New Delhi-based Observer Research Foundation think tank. “The U.S. wants to displace Middle East supplies and India is a large market.”Petronet’s investment is vying to be the largest by a foreign entity with one that Sempra Energy expects to finalize in Texas with Saudi Aramco.Tellurian expects to finalize the last 4 million tons needed for Driftwood’s first phase with one or two partners in the coming months, Gentle said. Petronet’s share represents about $2 billion in annual fuel sales for the life of Driftwood, she said.“It supports the drilling industry and the pipeline industry, and there is going to be an enormous amount of resources,” Souki said.(Updates with a comment after seventh paragraph.)\--With assistance from Kevin Varley, Rahul Satija and Debjit Chakraborty.To contact the reporter on this story: Naureen S. Malik in New York at nmalik28@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, James LuddenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    Tellurian and Petronet Sign MOU for Up to 5 Million Tonnes of LNG Through Equity Investment in Driftwood

    Tellurian Inc. (Tellurian) (TELL) and Petronet LNG Limited INDIA (PLL) announced today that the two companies have signed a Memorandum of Understanding (MOU) wherein Petronet and its affiliates intend to negotiate the purchase of up to five million tonnes per annum (5 mtpa) of liquefied natural gas (LNG) from Driftwood, concurrent with its equity investment, which remains subject to further due diligence and approval of its board of directors. Tellurian and Petronet will endeavor to finalize the transaction agreements by 31 March 2020. President and CEO Meg Gentle said, “Petronet, India’s largest LNG importer, will be able to deliver clean, low-cost, and reliable natural gas to India from Driftwood.

  • Benzinga

    13 Stocks With Short Squeeze Potential

    One of the most powerful tradable market events is a short squeeze, so traders are always on the lookout for the next short squeeze candidate. S3 Partners analyst Ihor Dusaniwsky has just released a list ...

  • Reuters

    Petronet to sign $2.5 billion LNG deal with U.S. developer Tellurian - sources

    India's Petronet LNG is set to sign a deal with U.S. liquefied natural gas (LNG) developer Tellurian Inc worth more than $2 billion in the proposed Driftwood project in Louisiana, two sources told Reuters. This will be part of wider cooperation between both countries, with Indian Prime Minister Narendra Modi expected to meet U.S. President Donald Trump in Houston this weekend to discuss ways to deepen their energy and trade relationship. India could increase its trade footprint at a time when the United States and China are in the midst of a tit-for-tat trade war, analysts have said.

  • Reuters

    India's Petronet to sign $2.5 bln LNG deal with U.S. developer Tellurian - sources

    India's Petronet LNG is set to sign a deal with U.S. liquefied natural gas (LNG) developer Tellurian Inc worth more than $2 billion in the proposed Driftwood project in Louisiana, two sources told Reuters. This will be part of wider cooperation between both countries, with Indian Prime Minister Narendra Modi expected to meet U.S. President Donald Trump in Houston this weekend to discuss ways to deepen their energy and trade relationship. India could increase its trade footprint at a time when the United States and China are in the midst of a tit-for-tat trade war, analysts have said.

  • 2 Stocks I Bought With Millionaire-Maker Potential
    Motley Fool

    2 Stocks I Bought With Millionaire-Maker Potential

    North America is awash in natural gas. The rest of the worlds wants it. These two companies aim to be right in the middle of meeting that need.

  • Better Buy: Tellurian vs. NextDecade
    Motley Fool

    Better Buy: Tellurian vs. NextDecade

    Both of these LNG industry players have big plans, but with long timescales.

  • Motley Fool

    An Investor's Primer on Energy E&Ps

    Fracking changed the game in global oil, but that doesn’t necessarily make it a good investment.

  • New U.S. LNG Export Plans Threatened as Trade War Drags On
    Bloomberg

    New U.S. LNG Export Plans Threatened as Trade War Drags On

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Liquefied natural gas may have dodged the latest round of Chinese tariffs on U.S. goods, but plans for new American terminals to ship the fuel abroad are under threat as the trade war escalates.Tellurian Inc. and other developers will probably delay final investment decisions on multibillion-dollar U.S. LNG export projects to 2020 from this year as the tensions complicate negotiations with potential Chinese gas buyers, according to Bank of America Corp. While LNG isn’t among the goods Beijing will target in retaliatory levies that take effect next month, a 25% duty imposed in June still stands, raised from 10% previously.The trade dispute is intensifying as roughly a dozen companies look to become part of the so-called second wave of U.S. LNG export terminals expected to start up in the next few years. Smaller developers face intense competition from deep-pocketed oil giants like Exxon Mobil Corp., Qatar Petroleum and Royal Dutch Shell Plc, which didn’t need to sign long-term contracts before greenlighting their projects. A collapse in global gas prices amid a glut of supply from the U.S. to Australia is also pressuring the industry.For an investment decision on Tellurian’s $28 billion Driftwood project in Louisiana, “we see delays as likely given current pricing headwinds, no resolution yet on the U.S.-China trade war, and minimal contract announcements in recent months,” Bank of America analysts led by Julien Dumoulin-Smith wrote Friday in a note to clients. Joi Lecznar, a spokeswoman for Tellurian, said the company is still targeting a final investment decision this year.Liquefied Natural Gas Ltd. will also likely push back a final investment decision on its Magnolia terminal in Louisiana to 2020 because of growing competition, and NextDecade Corp. may delay a decision on its Rio Grande project in Texas to next year, according to Cowen Inc. Toni Beck, a spokeswoman for NextDecade, said the company is still planning a final investment decision in 2019. LNG Ltd. declined to comment.Shares of Tellurian fell as much as 19% Friday, the most since March, after surging earlier in the month. NextDecade dropped as much as 13%, while LNG Ltd. slipped 2.6%.While China is a fast-growing market for gas, it hasn’t imported any U.S. LNG since February, according to vessel tracking data compiled by Bloomberg. The Asian nation has received 62 American cargoes since 2016, putting it behind South Korea, Mexico and Japan.Exports of U.S. shale gas have surged since 2016, when Cheniere Energy Inc. started up the Sabine Pass terminal in Louisiana, the first to ship LNG from the lower 48 states. The nation is now the world’s third-largest supplier of the fuel, after Australia and Qatar. Though two new U.S. terminals are about to begin exporting and more are under construction, failure to resolve the trade tensions could slow the industry’s rapid growth.“There’s increased competition from players that don’t really need third-party financing. China definitely didn’t make it easier,” Cowen analyst Jason Gabelman said in a telephone interview on Thursday.With cargoes to China effectively halted and deliveries to Europe easing as low prices there reduce the incentive to ship U.S. gas farther afield, South America is soaking up much of the excess supply. So far this year, Argentina, Brazil, Chile and Colombia are snapping up the most U.S. LNG on record.LNG developers may not be the only gas players hurt by the trade rift. It’s also threatening U.S. gas producers relying on exports to ease the shale glut, particularly in the Permian Basin, where prices for the fuel dipped below zero earlier this year as pipeline bottlenecks forced drillers to pay others to take their supply.For beleaguered U.S. gas drillers, “it’s another negative,” said John Kilduff, partner at Again Capital LLC, a New York-based hedge fund.\--With assistance from Kevin Varley.To contact the reporters on this story: Christine Buurma in New York at cbuurma1@bloomberg.net;Naureen S. Malik in New York at nmalik28@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine Buurma, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Implied Volatility Surging for Tellurian (TELL) Stock Options
    Zacks

    Implied Volatility Surging for Tellurian (TELL) Stock Options

    Investors need to pay close attention to Tellurian (TELL) stock based on the movements in the options market lately.

  • Do Directors Own Tellurian Inc. (NASDAQ:TELL) Shares?
    Simply Wall St.

    Do Directors Own Tellurian Inc. (NASDAQ:TELL) Shares?

    Every investor in Tellurian Inc. (NASDAQ:TELL) should be aware of the most powerful shareholder groups. Institutions...

  • Don't Waste Your Money on Penny Stocks: These 3 Stocks Are Better Buys
    Motley Fool

    Don't Waste Your Money on Penny Stocks: These 3 Stocks Are Better Buys

    There are plenty of top alternatives across the market.

  • U.S. natural gas demand is at a record - and prices keep dropping
    Reuters

    U.S. natural gas demand is at a record - and prices keep dropping

    U.S. gas futures this week collapsed to a three-year low, while spot prices were on track to post their weakest summer in over 20 years. Demand is rising as power generators shut coal plants and burn more gas for electricity and as rapidly expanding liquefied natural gas (LNG) terminals turn more of the fuel into super-cooled liquid for export. Analysts believe the natural gas market is not trading on demand fundamentals because supply growth continues to far outpace rising consumption.

  • Here's Why Tellurian Stock Dropped 21.4% in July
    Motley Fool

    Here's Why Tellurian Stock Dropped 21.4% in July

    A Wall Street analyst soured on the LNG exporter-in-waiting and downgraded the stock.

  • Business Wire

    Tellurian Reports Second Quarter 2019 Results

    Tellurian Inc. (Tellurian) (TELL) continues to build its integrated global natural gas business. Along with Total’s previously announced agreement to purchase approximately $200 million of Tellurian common stock, Total’s aggregate investment in the Tellurian portfolio will be approximately $907 million at final investment decision (FID) for Driftwood.

  • Will Magellan Petroleum Corporation (TELL) Report Negative Q2 Earnings? What You Should Know
    Zacks

    Will Magellan Petroleum Corporation (TELL) Report Negative Q2 Earnings? What You Should Know

    Magellan Petroleum Corporation (TELL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Better Buy: Tellurian vs. Suburban Propane Partners
    Motley Fool

    Better Buy: Tellurian vs. Suburban Propane Partners

    Both companies are in the gas industry, but that's where the similarities end. Which is the top pick for investors?

  • Don't TELL: Tellurian Looks Likely to Sink Further
    TheStreet.com

    Don't TELL: Tellurian Looks Likely to Sink Further

    During Monday's Mad Money program Jim Cramer took calls from viewers and responded that he remained a fan of Tellurian Inc. . In the daily bar chart of TELL, below, we can see that prices have been in a downtrend from early April. The On-Balance-Volume (OBV) has been in a decline from early April and tells us that sellers of TELL have been more aggressive with heavier volume being traded on days when TELL has closed lower.

  • 3 Top Energy Stocks to Buy This Month
    Motley Fool

    3 Top Energy Stocks to Buy This Month

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  • Tellurian Stock Falls 13% on Downgrade: Here's What Investors Should Know
    Motley Fool

    Tellurian Stock Falls 13% on Downgrade: Here's What Investors Should Know

    A Wall Street downgrade sent the LNG exporter's stock down today, but there's a bigger picture to consider.

  • Tellurian Options Hot After Rare Downgrade
    Schaeffer's Investment Research

    Tellurian Options Hot After Rare Downgrade

    The energy stock is headed toward its worst day since late 2017

  • Moody's

    National Bank of Greece S.A. -- Moody's changes the deposit rating outlook to positive on three Greek banks

    Moody's Investors Service (Moody's) has today changed the outlook to positive from stable on the Caa1 long-term deposit ratings of Alpha Bank AE, Eurobank Ergasias S.A. (Eurobank) and National Bank of Greece S.A. (NBG). The long-term counterparty risk assessments (CRA) of Eurobank Ergasias S.A. and National Bank of Greece S.A. have also been upgraded to B1(cr) from B2(cr), while all other ratings of the three banks have been affirmed including their baseline credit assessments (BCA) of caa1.

  • What the Charts Tell Us About Tellurian
    TheStreet.com

    What the Charts Tell Us About Tellurian

    For his "Executive Decision" segment of Mad Money Thursday night, Jim Cramer again sat down with Charif Souki, co-founder and chairman of Tellurian Inc. , the liquefied natural gas exporter that's building a new export terminal in Louisiana. Souki explained that oil giant Total S.A. has agreed to a $900 million investment in Tellurian. Total will be investing $500 million directly into the Louisiana facility and has agreed to buy 1.5 million tons of gas, among other investments.