Why Tellurian Stock Is Soaring Higher Today

Tellurian (TELL 66.39%) has found a buyer, and the deal offers an impressive 75% premium to where the stock closed on Friday. LNG is in demand worldwide, and the United States has an abundance of the fuel. But transporting LNG is difficult and new facilities are hard to get by regulators, meaning there was great promise in Tellurian's proposed Driftwood facility -- assuming the company could bring it to market. Alas, a series of financial and operational missteps have plagued the company. Souki is gone, and ...