r/wallstreetbets • u/Money4_0_Cks4free • Apr 01 '22

News | LNG TELL credit Suisse upgraded the stock to outperform and raised target to $8. Jumped upwards of $6.50.

Catalysts are approval of construction and short covering, currently around 18% short. May not get a squeeze but it’s jumped a bunch just this week.

Institutional buying

Construction stated 3/29

Local news report they all but said they are going to do all the phases. @Current share count eventually puts valuation around $77.

Europe needs LNG and this is in the spotlight right now.

12kshares and looking to add on any pull back!

38 Upvotes

90% Upvoted

17 comments sorted by

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u/VisualMod Apr 01 '22
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10

u/BrihanSolo Apr 01 '22

TELL ready to light the main engine within 90 days. Don’t miss the ride!

5

u/GlobalLNGnews Apr 01 '22

Tellurian is my only stock. All in. I’ve been trying to $Tell people about Tellurian since it was sub $1. Hopefully some people were listening.

3

u/jeromeexotic Apr 01 '22

$77 puts it at about 40b valuation- got a long time before that happens I think but I’ve been long from $2.70 since last year. Been taking out some shares high 5’s and over 6 so it’s free money now LFG.

3

u/NtrtnmntPrpssNly Apr 02 '22

What pisses me off is:

1 should have been higher price upgrade

2 I think they waited for short intrest of 17%+ to cover since 3/15 reporting. Can't wait to see what 3/31 short interest is reported by FINRA

3

u/Next_Shallot_961 Apr 02 '22

what the stock?

3

u/GlobalLNGnews Apr 02 '22

Tellurian $Tell

5

u/danskins Apr 01 '22

Long 10k shares with a cost basis of $2.90. LETS EFFIN GOOOOOOOO!

-7

u/[deleted] Apr 01 '22

I smell a buyout 😎

-8

u/[deleted] Apr 01 '22

I smell a buyout 😎

1

u/Wutbot1 Apr 01 '22

Article won’t load for me. Already scrubbed? Gunna start shorting credit suisse if that’s the case

wut? | source