Tellurian (NASDAQ: TELL) stock recorded a new high this year in early this month. The reason the stock was boosted is that the company made exceptional progress in its natural gas exports in recent month.
The company signed 10-year liquefied natural gas agreements with Vitol and Gunvor, respectively. The company said that the two recent agreements represent an aggregate of $24 billion in estimated revenue over ten years.
Although building a new export facility is expensive, the two great contracts the company received recently that have made it more confident to do this. Therefore, investors have reasons to watch the stock for a long period of time.
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