What's Going On With Tellurian Stock?
Portfolio Pulse from Erica Kollmann
Tellurian Inc. (AMEX:TELL) shares are trading higher amid reports of potential investments from Saudi Aramco and Woodside Energy Group in its LNG export project in Louisiana. The stock initially spiked 30% but has since given back some gains. 20.79% of Tellurian shares are being sold short, contributing to large price movements.
June 04, 2024 | 6:29 pm
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Tellurian Inc. shares are trading higher due to reports of potential investments from Saudi Aramco and Woodside Energy in its LNG export project. The stock initially spiked 30% but has since given back some gains. High short interest (20.79%) is contributing to large price movements.
The news of potential investments from major energy companies like Saudi Aramco and Woodside Energy is a significant positive development for Tellurian. This has led to a substantial increase in the stock price. However, the high short interest could lead to volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100