| Monday | ||||
Tellurian did not qualify… Tellurian did not qualify in a tender for supply of competitively priced gas to India, reports the Economic Times. According to the Economic Times report, Tellurian's $2.5B tentative stake sale deal with Petronet expired at the same time that the company missed qualification for LNG supply. "on September 21, 2019, signed a Memorandum of Understanding (MoU) for purchase of up to 5 million tonnes per annum of liquefied natural gas, LNG, from Tellurian Inc's proposed Driftwood LNG terminal for 40 years. The deal was concurrent with Petronet making an equity investment of USD 2.5B for an 18% stake in Driftwood," added the story. Reference Link | ||||
| Over a week ago | ||||
Tellurian announced that… Tellurian announced that the board has named Charif Souki Executive Chairman of Tellurian. Souki has been Tellurian's non-executive Chairman since founding the company in February 2016. | ||||
Oil & Gas Analyst… Oil & Gas Analyst White provides short term, intermediate term and long term outlook for the Global LNG Industry on an Analyst/Industry conference call to be held on June 19 at 12 pm. | ||||
Oil & Gas Analyst… Oil & Gas Analyst White provides short term, intermediate term and long term outlook for the Global LNG Industry on an Analyst/Industry conference call to be held on June 19 at 12 pm. | ||||
Oil & Gas Analyst… Oil & Gas Analyst White provides short term, intermediate term and long term outlook for the Global LNG Industry on an Analyst/Industry conference call to be held on June 19 at 12 pm. | ||||
| Over a month ago | ||||
Oil & Gas Analyst… Oil & Gas Analyst White provides short term, intermediate term and long term outlook for the Global LNG Industry on an Analyst/Industry conference call to be held on June 19 at 11 am. | ||||
Catch up on today's… Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yext (YEXT) initiated with a Buy at Needham. 2. Glu Mobile (GLUU) initiated with a Buy at UBS. 3. Ayala Pharmaceuticals (AYLA) initiated with an Outperform at Raymond James. 4. Morgan Stanley starts TFI International (TFII) at Overweight. 5. Tellurian (TELL) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | ||||
Roth Capital analyst John… Roth Capital analyst John White initiated coverage of Tellurian with a Buy rating and $5.25 price target. The analyst believes Tellurian presents a "compelling investment case" due to several factors, including management's deep experience and track record of execution in the LNG industry, sufficient liquidity to reach a final investment decision by 2021, an LNG market that is recovering from COVID-19 related shutdowns and returning to the pre-crisis positive picture, and the environmental benefits of LNG in line with the long-term global goal of economies to reduce carbon emissions and improve air quality. | ||||
Stifel analyst Benjamin… Stifel analyst Benjamin Nolan downgraded Tellurian to Sell from Hold with a price target of $0.10, down from $8.00. The company has regulatory approval for its Driftwood project, a proven management team, and a "unique turnkey product offering", but is unlikely to see U.S. LNG projects move forward for at least two years, the analyst tells investors in a research note. Nolan adds that the low LNG prices have "destroyed motivation" by potential buyers to invest in new liquefaction developments, and there is "virtually no option value in the equity" of Tellurian. | ||||
Latest data shows the… Latest data shows the largest indicative borrow rate increases among liquid option names include: US Steel (X) 10.69% +1.47, Bed Bath & Beyond (BBBY) 3.69% +0.85, Crestwood Equity (CEQP) 1.94% +0.48, Neptune Technologies (NEPT) 55.92% +0.43, Tellurian (TELL) 14.74% +0.43, Oasis Petroleum (OAS) 3.75% +0.35, Main Street (MAIN) 16.06% +0.33, Sandstorm Gold (SAND) 1.32% +0.28, Gold Bear 3x (DUST) 5.29% +0.23, and Trillium Therapeutics (TRIL) 2.91% +0.20. | ||||