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KikiHoMary

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- KikiHoMaryKikiHoMary
  ·2021-09-15
  Aiyo
  U.S. stocks close lower on worries over recovery, corporate tax hikes
  NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing
  U.S. stocks close lower on worries over recovery, corporate tax hikes
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- KikiHoMaryKikiHoMary
  ·2021-08-03
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  ·2021-07-30
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- KikiHoMaryKikiHoMary
  ·2021-07-30
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  The Huge News That Sent Tellurian Stock Surging Today
  What happened Shares of Tellurian(NASDAQ:TELL)surged more than 12% in afternoon trading today, befor
  The Huge News That Sent Tellurian Stock Surging Today
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All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p>\n<p>So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p>\n<p>“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p>\n<p>The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p>\n<p>“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p>\n<p>The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p>\n<p>U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p>\n<p>The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p>\n<p>The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p>\n<p>All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p>\n<p>Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p>\n<p>Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p>\n<p>CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p>\n<p>Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks close lower on worries over recovery, corporate tax hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks close lower on worries over recovery, corporate tax hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-15 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148341685","content_text":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.\nOptimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.\nSo far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.\n“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”\nThe advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.\n“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”\nThe CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.\nU.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]\nThe long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.\nThe Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.\nAll 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.\nApple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.\nIntuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.\nCureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.\nThe S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.\nVolume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804200973,"gmtCreate":1627956361892,"gmtModify":1703498535393,"author":{"id":"4090640946996770","authorId":"4090640946996770","name":"KikiHoMary","avatar":"https://static.tigerbbs.com/eb50a0dc1bc0934c26a33cc0ea1c8625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090640946996770","idStr":"4090640946996770"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804200973","repostId":"2156114224","repostType":4,"isVote":1,"tweetType":1,"viewCount":1325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806156914,"gmtCreate":1627643723338,"gmtModify":1703493947186,"author":{"id":"4090640946996770","authorId":"4090640946996770","name":"KikiHoMary","avatar":"https://static.tigerbbs.com/eb50a0dc1bc0934c26a33cc0ea1c8625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090640946996770","idStr":"4090640946996770"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806156914","repostId":"1167272826","repostType":4,"isVote":1,"tweetType":1,"viewCount":950,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806061648,"gmtCreate":1627617545184,"gmtModify":1703493473256,"author":{"id":"4090640946996770","authorId":"4090640946996770","name":"KikiHoMary","avatar":"https://static.tigerbbs.com/eb50a0dc1bc0934c26a33cc0ea1c8625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090640946996770","idStr":"4090640946996770"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806061648","repostId":"2155184148","repostType":4,"isVote":1,"tweetType":1,"viewCount":1240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808756044,"gmtCreate":1627612173988,"gmtModify":1703493357779,"author":{"id":"4090640946996770","authorId":"4090640946996770","name":"KikiHoMary","avatar":"https://static.tigerbbs.com/eb50a0dc1bc0934c26a33cc0ea1c8625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090640946996770","idStr":"4090640946996770"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808756044","repostId":"1136493836","repostType":4,"isVote":1,"tweetType":1,"viewCount":1146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808759451,"gmtCreate":1627611998673,"gmtModify":1703493352776,"author":{"id":"4090640946996770","authorId":"4090640946996770","name":"KikiHoMary","avatar":"https://static.tigerbbs.com/eb50a0dc1bc0934c26a33cc0ea1c8625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090640946996770","idStr":"4090640946996770"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808759451","repostId":"1130812310","repostType":4,"repost":{"id":"1130812310","kind":"news","pubTimestamp":1627611167,"share":"https://ttm.financial/m/news/1130812310?lang=en_US&edition=fundamental","pubTime":"2021-07-30 10:12","market":"us","language":"en","title":"The Huge News That Sent Tellurian Stock Surging Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1130812310","media":"fool","summary":"What happened\nShares of Tellurian(NASDAQ:TELL)surged more than 12% in afternoon trading today, befor","content":"<p>What happened</p>\n<p>Shares of&nbsp;<b>Tellurian</b>(NASDAQ:TELL)surged more than 12% in afternoon trading today, before closing up about 9%, only to surge again in after-hours trading. The big news was about as important as it gets for the company: It announced a 10-year contract with<b>Royal Dutch Shell</b>(NYSE:RDS.A)(NYSE:RDS.B)for 3 million metric tons of liquefied natural gas per year.</p>\n<p>What makes this particular deal so important is that it fills up essentially all of the capacity Tellurian expects to get from the first two plants at its long-anticipated Driftwood LNG facility. And that puts theLNG export companyon very important step closer to making Driftwood a reality.</p>\n<p>So what</p>\n<p>Tellurian has been on quite a roll over the past three months, securing nine metric tons per year on long-term agreements, finally getting enough supply locked up to meet the capacity of the first two LNG plants at Driftwood.</p>\n<p>Not to overstate the importance of securing this deal, but&nbsp;<i>without</i>locking up all of the capacity from the first two LNG plants Tellurian intends to build, Driftwood was never going to happen. The costs of building the liquefaction plants, the pipelines to bring natural gas to them, and all of the other necessary infrastructure are unlikely to have been economically feasible without securing at least enough capacity to support the initial construction of these two plants.</p>\n<p>Now what</p>\n<p>The hard work is far from done, but the next step -- securing financing -- will be far easier with firm, long-term commitments in hand from some of the largest energy companies in the world. In the press release, CEO Octávio Simões said, \"Tellurian will now focus on financing Driftwood, in order to give (construction partner) Bechtel notice to proceed with construction in early 2022.\"</p>\n<p>For Shell, this move is another signal that the global energy giant intends to continue its focus on natural gas. Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority.</p>\n<p>Tellurian issued a second press release today, saying that it had exercised its long-term lease option on the 477-acre site in Louisiana where it will build Driftwood. The initial term is 20 years, with extensions that could take the agreement out to 50 years. The next step: securing the necessary funds to pay for Driftwood and the pipeline that will supply it, so that it can issue an FID -- final investing decision -- to Bechtel to move forward with construction.</p>\n<p>Let me be clear: Driftwood getting the final go-ahead and being constructed isn't quite a sure thing. It's going to take billions to build, and until the lenders have issued the debt and put the money in Tellurian's accounts,there remains riskthat Driftwood doesn't get built, and investors lose money.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Huge News That Sent Tellurian Stock Surging Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Huge News That Sent Tellurian Stock Surging Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 10:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/29/the-huge-news-that-sent-tellurian-stock-surging-to/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nShares of Tellurian(NASDAQ:TELL)surged more than 12% in afternoon trading today, before closing up about 9%, only to surge again in after-hours trading. The big news was about as ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/29/the-huge-news-that-sent-tellurian-stock-surging-to/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TELL":"Tellurian Inc."},"source_url":"https://www.fool.com/investing/2021/07/29/the-huge-news-that-sent-tellurian-stock-surging-to/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130812310","content_text":"What happened\nShares of Tellurian(NASDAQ:TELL)surged more than 12% in afternoon trading today, before closing up about 9%, only to surge again in after-hours trading. The big news was about as important as it gets for the company: It announced a 10-year contract withRoyal Dutch Shell(NYSE:RDS.A)(NYSE:RDS.B)for 3 million metric tons of liquefied natural gas per year.\nWhat makes this particular deal so important is that it fills up essentially all of the capacity Tellurian expects to get from the first two plants at its long-anticipated Driftwood LNG facility. And that puts theLNG export companyon very important step closer to making Driftwood a reality.\nSo what\nTellurian has been on quite a roll over the past three months, securing nine metric tons per year on long-term agreements, finally getting enough supply locked up to meet the capacity of the first two LNG plants at Driftwood.\nNot to overstate the importance of securing this deal, but withoutlocking up all of the capacity from the first two LNG plants Tellurian intends to build, Driftwood was never going to happen. The costs of building the liquefaction plants, the pipelines to bring natural gas to them, and all of the other necessary infrastructure are unlikely to have been economically feasible without securing at least enough capacity to support the initial construction of these two plants.\nNow what\nThe hard work is far from done, but the next step -- securing financing -- will be far easier with firm, long-term commitments in hand from some of the largest energy companies in the world. In the press release, CEO Octávio Simões said, \"Tellurian will now focus on financing Driftwood, in order to give (construction partner) Bechtel notice to proceed with construction in early 2022.\"\nFor Shell, this move is another signal that the global energy giant intends to continue its focus on natural gas. Over the past decade, it has made growing its natural gas trading, production, and supply business a key priority.\nTellurian issued a second press release today, saying that it had exercised its long-term lease option on the 477-acre site in Louisiana where it will build Driftwood. The initial term is 20 years, with extensions that could take the agreement out to 50 years. The next step: securing the necessary funds to pay for Driftwood and the pipeline that will supply it, so that it can issue an FID -- final investing decision -- to Bechtel to move forward with construction.\nLet me be clear: Driftwood getting the final go-ahead and being constructed isn't quite a sure thing. It's going to take billions to build, and until the lenders have issued the debt and put the money in Tellurian's accounts,there remains riskthat Driftwood doesn't get built, and investors lose money.","news_type":1,"symbols_score_info":{"TELL":0.9}},"isVote":1,"tweetType":1,"viewCount":1359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}