re: Anybody bought Tellurian stock?

Yeah. I was flipping it back in January. Oil stocks seem to have peaked in 1Q2021 and the money has shifted back to the FAANG after a brief shift to industrials.

Anyways, back to TELL. If oil goes up, you have a shot at some money...but right now the momentum is down. They recently noted they had $38M of cash in hand in March. Their last quarterly earnings was a loss of -4¢ per share, or -$15.4M based on 387M shares outstanding.

So, unless they start making money, they’ll burn through their cash by 3Q2021 and need to issue a secondary offering or take on more debt.

I’d hold off and see what they do. And definitely wait for the stock to start trending back up first before moving in.

(Of course any stock I comment on moves opposite of my prediction, so betting the farm might just be the right move, LOL)