TELL Stock News: Tellurian rises again despite LNG prices cooling off during the session
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADE- NYSEAMERICAN:TELL gained 0.38% during Thursday’s trading session.
- US LNG projects are set to take off in the coming years.
- Tellurian has growing competition in the LNG sector and will have to fend off bigger names.
NYSEAMERICAN:TELL extended its recent rally to three straight days, even as LNG prices dropped in the US during Thursday’s session. Shares of TELL added 0.38% and closed the trading day at $5.28. The broader markets saw a bullish relief rally on Thursday, as all three major indices erased some of their losses from earlier in the week. Investors shrugged off imminent rising rates and looked ahead to big tech earnings from Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL). The Dow Jones surged by 614 basis points, the S&P 500 added 2.47%, and the NASDAQ soared by 3.05% during the session.
Stay up to speed with hot stocks' news!
With the ongoing invasion of Ukraine by Russian troops, economic sanctions against Russia are continuing to pile up. One of the major repercussions has been replacing Russian LNG with other importers from around the world. President Biden has increased US imports to Europe to help ease the burden, and as a result the US will see a major boost in LNG infrastructure over the next few years. Two more LNG projects recently received approvals from the US government and construction is to begin shortly on new sites in Texas and Louisiana.
TELL stock news
As the US race for LNG market share heats up, Tellurian finds itself taking on larger companies like Cheniere Energy (NYSEAMERICAN:LNG) and EQT Corp (NYSE:EQT) amongst others. Many of these companies have existing infrastructure in place, while Tellurian is still trying to establish itself. Can Tellurian compete? It seems like the US will have plenty of market to go around, but as major energy companies join the LNG market, there could be less slices for companies like Tellurian in the end.
- NYSEAMERICAN:TELL gained 0.38% during Thursday’s trading session.
- US LNG projects are set to take off in the coming years.
- Tellurian has growing competition in the LNG sector and will have to fend off bigger names.
NYSEAMERICAN:TELL extended its recent rally to three straight days, even as LNG prices dropped in the US during Thursday’s session. Shares of TELL added 0.38% and closed the trading day at $5.28. The broader markets saw a bullish relief rally on Thursday, as all three major indices erased some of their losses from earlier in the week. Investors shrugged off imminent rising rates and looked ahead to big tech earnings from Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL). The Dow Jones surged by 614 basis points, the S&P 500 added 2.47%, and the NASDAQ soared by 3.05% during the session.
Stay up to speed with hot stocks' news!
With the ongoing invasion of Ukraine by Russian troops, economic sanctions against Russia are continuing to pile up. One of the major repercussions has been replacing Russian LNG with other importers from around the world. President Biden has increased US imports to Europe to help ease the burden, and as a result the US will see a major boost in LNG infrastructure over the next few years. Two more LNG projects recently received approvals from the US government and construction is to begin shortly on new sites in Texas and Louisiana.
TELL stock news
As the US race for LNG market share heats up, Tellurian finds itself taking on larger companies like Cheniere Energy (NYSEAMERICAN:LNG) and EQT Corp (NYSE:EQT) amongst others. Many of these companies have existing infrastructure in place, while Tellurian is still trying to establish itself. Can Tellurian compete? It seems like the US will have plenty of market to go around, but as major energy companies join the LNG market, there could be less slices for companies like Tellurian in the end.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.