August 30, 2022 | Daily JAM, Millennial, TELL |
Shares of liquified natural gas startup Tellurian (TELL) fell 14.44% yesterday and are down another 3.64% today, August 30, as of 1 p.m. New York time. What’s up? And should you be worried if you own shares? Thanks to watching (and owning) Cheniere (LNG) during the years when that company got its liquified natural gas export facility online, I think investors have a pretty good idea of what to expect from Tellurian as it treads much the same path. Yesterday produced news in two areas that exactly match up with investor concerns during this period of Tellurian’s growth.
August 12, 2022 | Daily JAM, LNG, Morning Briefing, TELL, UNG, Volatility |
Yesterday, August 11, U.S. liquefied natural gas (LNG) exported Freeport LNG said it was still pulling in small amounts of natural gas from pipelines at its shuttered LNG export plant in Texas to fuel a power plant. And, this is the important part, it still expects the liquefaction plant, which shut due to a fire on June 8, to return to at least partial service in early October. Thursday, U.S. gas futures jumped about 8% on talk of increased gas flows to the Freeport LNG plant, a drop in gas output, and forecasts for more demand for the fuel over the next two weeks than previously expected. The U.S. Natural Gas Fund (UNG) gained 6.06%.
April 21, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Morning Briefing, PXD, TELL, Volatility, XLE |
Today, April 21, reports from a number of different sources are pointing to lower oil production–which will mean higher oil prices. Even from current levels. And oil prices are significantly higher in the past three weeks. At 3:00 p.m. New York time today U.S. benchmark West Texas Intermediate traded at $103.44 a barrel, up 1.61% on the day. On April 11 West Texas Intermediate traded for just $94.29 a barrel.
