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Tellurian Inc. (AMEX:TELL) shares are trading higher Tuesday amid reports that the company is in talks with Saudi Aramco and Woodside Energy Group Ltd.to invest in its liquefied natural gas export project in Louisiana.
The Details:
According to a Bloomberg report, sources familiar with the matter said Tellurian has reviewed multiple equity investment offerings from the companies related to its proposed Driftwood LNG plant.
The report also states a potential deal may include MidOcean Energy LLC, a subsidiary of investment firm EIG Global Energy Partners, in which Aramco holds a stake.
Tellurian shares initially spiked 30% on the report, but the stock has given back some of the gains. According to data from Benzinga Pro, 20.79% of Tellurian shares are being sold short which can contribute to large price movements when combined with heavy trading volume.
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By now you're likely curious about how to participate in the market for Tellurian (AMEX:TELL) – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
TELL Price Action: According to Benzinga Pro, Tellurian shares are up 14.7% at 56 cents at the time of publication Tuesday.
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Posted In: TELL
