Today, Tellurian (TELL) stock is falling by $0.4 (almost 8%). Should shareholders get rid of the stock or will this volatility pass in the near future? On the other hand, evaluating long-term swell over the last year the company is demonstrating the ability to rocket its stock even after temporary collapses, is that what proceeding the last week?
Throughout the last month stock of TELL is popping up over 200%, on May 10th price was $2.06, however today it stands at $4.91. Recently, the company entered into a deal with “Vitol” to supply 3 million tons of liquefied natural gas (LNG) per year from its LNG production and export terminal in Louisiana. Moreover, TELL signed the same 10-year arrangement with commodities trader “Gunvor Group” in the first week of June to provide the same volume of LNG from its Driftwood project.
What benefits will the company derive, and based on what is it worth to draw conclusions and predict? The two deals are expected to generate $24 billion in revenue over ten years according to current rates. Investors should be enthusiastic about TELL’s stock in the coming years, depending on quarterly reports.