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re: Anyone else buying TELL

Posted on 3/19/21 at 9:29 pm to
Posted by thejudge
Westlake, LA
Member since Sep 2009
14049 posts
Posted on 3/19/21 at 9:29 pm to
CEO was meeting with petro net again last week. He did say her is not signing anymore MOU. Next thing he signs is a guarantee. He was very positive and said they were in talks with 9 groups and he thought the price of oil going up will quicken the negotiating.

They are hoping for FID no later than the summer. That's their goal.
Posted by BallsEleven
Member since Mar 2019
6163 posts
Posted on 3/20/21 at 10:13 am to
Inside Selling

I wonder what all the selling by major holders is about.
Posted by go ta hell ole miss
Member since Jan 2007
13624 posts
Posted on 3/20/21 at 10:38 am to
quote:

Inside Selling I wonder what all the selling by major holders is about.


I think it’s Total SE that is selling. They have been selling for a while and will continue to sell. They owned 19% last summer and have said since then they are clogging to continue to sell from time to time. They only reduced their position from 39.6 million shares to 37 million, so they are by no means completely exiting.
This post was edited on 3/20/21 at 10:50 am
Posted by thejudge
Westlake, LA
Member since Sep 2009
14049 posts
Posted on 3/20/21 at 11:15 am to
There are recent interviews with the CEO on YouTube. He's been putting them out.

Check em out. I think due in part to being market gamed and he expressed that the same thing was done to him with cheniere. Once they got past it they went to $30. Then hung there for quite a while.
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 3/20/21 at 11:53 am to
On the stocktwit board for TELL, some are speculating that Total is trying to get under 10% so that a new equity partner can have an equal stake. Certainly looks like lots of eggs being moved around between Total and other institutions, presumably in advance of some deal one would think.

It does look more like a strategic reduction in their stake, not a wholesale liquidation in their TELL position.
Posted by thejudge
Westlake, LA
Member since Sep 2009
14049 posts
Posted on 3/20/21 at 4:28 pm to
If you are Total, you will sell small bits and try to get the stock to rise instead of all at once.

Posted by supadave3
Houston, TX
Member since Dec 2005
30248 posts
Posted on 3/22/21 at 9:37 pm to
Just bumping this up a bit. I bought a handful today to keep my eye on it.
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