Long
TELL Long
Looking back into Tell for a long opportunity that I believe I entered at $1.20.
If you've ben following TELL for the past couple years, you'd know it as an excellent trading stock due to volatility. You also may know that They've been struggling to find an equity partner for financing their newest LNG terminal (Driftwood, in Louisiana; 14.5b cost), which, paired with frequent senior secured note offerings, have caused the stock to drop due to a bleak outlook for the company by investors.
However, it seems we have reached somewhat of a bottom, and while technicals look alright, we still await the announcement of an equity partner which would be a MASSIVE boost for the stock.
Keep an eye on this chart playing out, and be aware of the risk entailed with trading it; it is definitely an uphill battle for the company, as investors are weary of their ability to finish construction on Driftwood.
If you've ben following TELL for the past couple years, you'd know it as an excellent trading stock due to volatility. You also may know that They've been struggling to find an equity partner for financing their newest LNG terminal (Driftwood, in Louisiana; 14.5b cost), which, paired with frequent senior secured note offerings, have caused the stock to drop due to a bleak outlook for the company by investors.
However, it seems we have reached somewhat of a bottom, and while technicals look alright, we still await the announcement of an equity partner which would be a MASSIVE boost for the stock.
Keep an eye on this chart playing out, and be aware of the risk entailed with trading it; it is definitely an uphill battle for the company, as investors are weary of their ability to finish construction on Driftwood.
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