This is Why Tellurian May Still be a Strong Buy

Keep an eye on Tellurian (TELL).

TELL is involved in the natural gas business worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline. It owns interests in 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana.

Over the last few days, the stock ran from a low of about $4.50 to $6.37.

All on news it started construction at its first export terminal.

As reported by the Houston Business Journal, “Energy security is a leading concern in many countries today, and the United States must do our part to supply LNG to the global market as quickly as possible,” Tellurian CEO and President Octávio Simões said. “Beginning construction now allows Tellurian to deliver upon our robust schedule for first LNG in 2026 while we complete the project financing.”

“The export terminal’s first phase is planned to have two trains with total capacity to liquify up to 11 million tons per year, with future phases potentially bringing its capacity up to about 27 million tons per year,” added the Journal.

At the moment, TELL is up to $6.37 on a volume spike to 55 million shares, as compared to daily average volume of 18.8 million.