Previous Close | 0.4237 |
Open | 0.4277 |
Bid | 0.4392 x 1200 |
Ask | 0.4450 x 3100 |
Day's Range | 0.4258 - 0.4513 |
52 Week Range | 0.3600 - 1.7600 |
Volume | |
Avg. Volume | 39,101,858 |
Market Cap | 358.279M |
Beta (5Y Monthly) | 2.38 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Financial Performance and Strategic Updates Amidst Driftwood LNG Development
Tellurian, the developer of the Driftwood liquefied natural gas (LNG) project, has reached an agreement with an unnamed institutional investor to pledge its interest in the Driftwood project as collateral for the money it owes the investor, according to the company's latest SEC filing. Tellurian had warned investors last fall that continued operating losses and dwindling cash reserves might not last a year given operating and debt costs. The going-concern warning preceded its ouster of Chairman Charif Souki.
HOUSTON (Reuters) -Struggling liquefied natural gas (LNG) developer Tellurian on Thursday said it has hired a financial adviser to assist in balance sheet management. Tellurian ousted its chairman and co-founder Charif Souki, earlier this month weeks after auditors raised doubts about the company's ability to cover future expenses. Chairman Martin Houston in a letter to shareholders said the adviser will "assist with shaping commercial structures as well as balance sheet management."