Tom Nolan + 2,441 TN April 22, 2021 Two minute Video and also Bloomberg article about Tellurian stock being shorted. Will there be a Short Squeeze on this LNG company? Bloomberg article published Tuesday 4/20/2021 afternoon… Tellurian’s Souki Blasts Short Sellers After LNG Developer Drops https://finance.yahoo.com/news/tellurian-souki-blasts-short-sellers-182849103.html YOUTUBE video by Chairman of TELL (2 minutes) https://youtu.be/BbQuICpNTYU Chairman Charif Souki explains how many short sellers are buying TELL stock and what the cost or potential profit could be. What is the upside and downside of these betting buyers? What could happen if we had an announcement? Business Description Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production and has nearly 100 drillable locations with an estimated one trillion cubic feet of net resource. It is also developing an LNG trading operation and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL”. Tellurian Inc. (TELL) 1.9050 +0.2050 (+12.06%) 4/21/2021 Wednesday’s close https://finance.yahoo.com/quote/TELL?p=TELL Tellurian’s Souki Blasts Short Sellers After LNG Developer Drops https://finance.yahoo.com/news/tellurian-souki-blasts-short-sellers-182849103.html (Bloomberg) -- The chairman and co-founder of Tellurian Inc., which is trying to develop a $17 billion liquefied natural gas project in Louisiana, is blaming short sellers after a precipitous plunge in the company’s stock price. In a video posted on YouTube, Charif Souki said speculators betting against the company’s stock are poised to lose. “What do you think is going to happen when we start announcing these long-term commercial agreements that we’ve been working on for so long?” Souki said in the video posted Tuesday. “This will be an interesting question and we’ll see how the market reacts when this happens.” The plunge in energy demand caused by the pandemic dealt a blow to a U.S. LNG boom that saw six gas exporting terminals get built over the past few years. Tellurian is among nearly a dozen projects that hold permits but lack contracts to support construction. During the last two weeks of March, short positions on Tellurian increased by 9 million shares, reaching about 13.3% of the company’s traded stock, data compiled by Bloomberg show. Their price has tumbled almost 60% since mid-February. Souki said the short sellers could be expecting the company to need to raise money in debt markets or to become “illiquid.” “Nothing could be further from the truth,” Souki said. “We’ve repaid most of our debt and we’re sitting in a very comfortable liquid position that allows us to contemplate the future very comfortably.” The company has also vowed to pay all of its debt this quarter and start construction on its Driftwood LNG project this summer. Seeking to export 27.6 metric tons of LNG per year from Louisiana, the project’s only supporting deal so far is a memorandum of understanding with French oil major Total SE that expires at the end of June. Tellurian has spent the last year in discussions with other overseas buyers, but it remains to be seen if the company can move a deal across the finish line. In a recent research note, Morgan Stanley estimated that Tellurian only has enough cash to fund another four to six months of expenses before the company needs to raise more capital. “With the global recovery still in its very early stages, we expect limited contracting activity,” Morgan Stanley researchers wrote 1 Quote Share this post Link to post Share on other sites
Tom Nolan + 2,441 TN April 26, 2021 (edited) The SHORT SQUEEZE is on! Check the forum threads...the forums are all buzzing...check the price of TELL today. April 26th article Tellurian Inc. (NASDAQ:TELL) Stock Forecast 2021: $5.25 Per Share With Bullish Signs https://marketingsentinel.com/2021/04/26/tellurian-inc-nasdaqtell-stock-forecast-2021-5-25-per-share-with-bullish-signs/ Edited April 26, 2021 by Tom Nolan 1 Quote Share this post Link to post Share on other sites
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