Tellurian (TELL) Stock: Why It Fell 15.52%

By Amit Chowdhry ● Sep 23, 2022
  • The stock price of Tellurian (TELL) fell by 15.52% in the most recent trading session. This is why.

The stock price of Tellurian (TELL) fell by 15.52% in the most recent trading session. 

Why: Today Tellurian received a notice of termination from Shell NA LNG LLC with respect to the LNG Sale and Purchase Agreements 1 and 2 between Driftwood LNG LLC and Shell, each dated as of July 29, 2021, as amended. The terms of the agreements are summarized in the company’s Current Report on Form 8-K filed with the SEC on July 29, 2021. And today, the company delivered a notice of termination to Vitol regarding the LNG Sale and Purchase Agreement, dated as of June 2, 2021, by and between Driftwood LNG LLC and Vitol. The terms of that agreement are summarized in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 3, 2021.