Tellurian Inc (TELL)

[tgr0ss]

I added at 7.4 due to the earlier AH pop to almost 8 on strong vol and pulling back in low 7s and putting in another bottom/higher low.
As I said before sitting around 30% short.. but let’s expand on that..
There are around 270 million shares, about 36% owned by insiders and another.
30%+ owned by institutions..
Given that we now have a 96m or so float if which 30% of is short..
The finalized deal has an implied value of around 6x their market cap.. and total initial investment was at $10/share

the energy sector has been one of the best performing and this is lagging behind its peers by an extreme amount.. heavy consolidation in the 8-8.2s trading 150-200% average vol last two days. Should rip hard and fast sooner than later.