Tellurian Is Too Risky for This High-Yield Dividend Stock
Natural gas infrastructure giant Williams (NYSE: WMB) has been looking to expand deeper into the liquefied natural gas (LNG) market. Last year, it spent $2 billion on strategically located natural gas storage assets to serve the growing LNG market.
It has also looked into investing directly in LNG developments, including evaluating an acquisition of (NYSEMKT: TELL), which is developing Driftwood LNG. Investments to support the growing LNG market could give it more fuel to grow its cash flow and 5.1%-yielding dividend.
However, Williams has opted against acquiring Tellurian, deeming Driftwood too risky. Here's a look at why and what that means for Tellurian.
Source Fool.com
Tellurian Inc Stock
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