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Msg  449448 of 478810  at  9/20/2022 11:12:55 AM  by

Land_Lubber

The following message was updated on 9/20/2022 11:46:59 AM.

Tellurian down 24% now (today!)

Any thoughts on this? TELL is 3.4 % of my holdings.
 
Is the market overreacting? 
 
Was the LNG venture even priced-into the share value in the first place?
 
Will they go ahead anyway with retained earnings instead of debt?
 
Is Wall Street simply spanking TELL for pulling away the punch bowl (investment banking fees on the offering)? 
 
Is TELL a buy here?
 

Tellurian Shares Drop 17% After Withdrawal of Public Offering

By Chris Wack

Tellurian Inc. shares were down 17% to $3.25 after the company said that, due to uncertain conditions in the high-yield market, it has withdrawn its proposed public offering of units consisting of 11.25% senior secured notes due 2027 and warrants to buy shares of its common stock.

The company said on Aug. 29 it would sell the units.

Tellurian said in August it would use the proceeds to support the construction of its Driftwood project, which is a liquefaction export facility under way near Lake Charles, La.

 
 
 
LL 
 


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Replies
Msg # Subject Author Recs Date Posted
449472 Re: Tellurian down 24% now (today!) Boxout 1 9/20/2022 12:26:01 PM
449480 Re: Tellurian down 24% now (today!) billege_idiot 2 9/20/2022 1:06:37 PM




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