Tellurian reduces overhead and debt, and raises $50 million in Q1 2020
Tellurian extends loan to late 2021 providing resiliency in challenging global conditions.
LNG companies "went into the year in a challenging space. And then of course, the coronavirus makes it much more challenging from multiple angles."
Shares of Centennial Resource Development (NASDAQ: CDEV), Patterson-UTI Energy (NASDAQ: PTEN), Nabors Industries Inc (NYSE: NBR), and Tellurian (NASDAQ: TELL) are all down between 9.5% and 14% as of 12:44 p.m. EDT on May 13. First, oil markets got some mixed data in the past couple of days regarding crude oil inventories. According to today's oil weekly petroleum status report from the U.S. Energy Information Administration (EIA), U.S. commercial crude oil inventories actually fell by about 700,000 barrels last week, as did gasoline inventories.
A gruesome combination of global storage shortage and decline in demand for crude due to the coronavirus outbreak has taken a toll on oil prices.
Moody's Investors Service (Moody's) has today assigned a Baseline Credit Assessment (BCA) of caa1 and deposit ratings of Caa1/NP to Eurobank S.A., the new legal entity that has taken over the core banking operations and the banking license of Eurobank Ergasias S.A. in Greece. At the same time, the rating agency has withdrawn the BCA of caa1 and all existing deposit ratings of Caa1/NP and other outstanding ratings of Eurobank Ergasias S.A., which has been renamed Eurobank Holding & Services S.A. and which now acts as the holding company of the group, listed on the Athens stock exchange.
Tellurian plans reduction in corporate spending and reorganization of a term loan to prepare for uncertain global financial market conditions
Investors need to pay close attention to Tellurian (TELL) stock based on the movements in the options market lately.
An American City Business Journals analysis of public stock prices found that Houston companies have seen some of the largest stock value declines in the nation in recent weeks.
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the "Index") as part of normal index operations. After the markets close on March 20, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on March 23, 2020:
Houston's oil and gas industry is heavily exposed to plunging oil prices, but companies have already been cutting costs for six years and don't have much wiggle room left.
A gruesome combination of global storage shortage and decline in demand for crude due to the coronavirus outbreak has taken a toll on oil prices.
The Zacks Analyst Blog Highlights: Southwest Airlines, Magellan Petroleum, Murphy USA, Par Pacific and Azure Power Global
It's not possible to invest over long periods without making some bad investments. But you want to avoid the really...
The company is planning 2020 cost-cutting measures to survive in a much tougher market for LNG exporters.
Tellurian building cash reserves with $50 million financing and reduction of term loan
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Moody's Investors Service (Moody's) has today assigned a Baseline Credit Assessment (BCA) of caa1 and deposit ratings of Caa1/NP to Eurobank S.A., the new legal entity that has taken over the core banking operations and the banking license of Eurobank Ergasias S.A. in Greece. At the same time, the rating agency has withdrawn the BCA of caa1 and all existing deposit ratings of Caa1/NP and other outstanding ratings of Eurobank Ergasias S.A., which has been renamed Eurobank Holding & Services S.A. and which now acts as the holding company of the group, listed on the Athens stock exchange.
Tellurian announces two new executive team members
It looks like Bank of Greece (ATH:TELL) is about to go ex-dividend in the next 2 days. You can purchase shares before...