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MARKETS LIVE BLOG:

STOCKS TRADE HIGHER; DISNEY SINKS AFTER EARNINGS

Apple reportedly designing its own AI chips for data centres

The Huge News That Sent Tellurian Stock Surging Today

Jason Hall, The Motley Fool
·3 min read
The Huge News That Sent Tellurian Stock Surging Today

Shares of Tellurian (NASDAQ: TELL) surged more than 12% in afternoon trading today, before closing up about 9%, only to surge again in after-hours trading. The big news was about as important as it gets for the company: It announced a 10-year contract with Royal Dutch Shell (NYSE: RDS.A)(NYSE: RDS.B) for 3 million metric tons of liquefied natural gas per year. What makes this particular deal so important is that it fills up essentially all of the capacity Tellurian expects to get from the first two plants at its long-anticipated Driftwood LNG facility.

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