Tellurian (NYSEMKT: TELL)
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Tellurian Return vs. S&P
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Tellurian Company Info
Tellurian, Inc. engages in the production of natural gas and investing in natural gas projects. It operates through the following segments: Upstream, Midstream, and Marketing and Trading. The Upstream segment produces, gathers, and delivers natural gas and acquires and develops natural gas assets. The Midstream segment includes development, construction, and operation of LNG terminals and pipelines. The Marketing and Trading segment involves the purchasing and selling of natural gases. The company was founded by Charif Souki and Martin Houston in 1957 and is headquartered in Houston, TX.
News & Analysis
The company reported better-than-feared news, but the stock is still far below where it was last year.
Tellurian's natural gas production jumped sharply in the fourth quarter, refueling hopes among investors.
A double downgrade from a Wall Street analyst was enough to send this natural gas stock tumbling.
Investors didn't like the company's financing strategy shift.
Tellurian bounced back after selling off over the last two weeks, following negative news on its Driftwood plant.
Global recession fears are dragging down even the well-positioned energy sector today.
While oil prices are up, it's natural gas that's becoming the scarcer commodity.
A greater inventory draw than expected overcame macroeconomic fears, and natural gas prices reached a new yearly high.
Valuation
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