Why Tellurian Rose Today
Shares of natural gas exporter (NYSEMKT: TELL) rose 8.2% in Monday's trading. There was no company-specific news driving that move; it appeared to be largely due to an increase in natural gas prices as weather grew colder and geopolitical instability continued to intensify.
While natural gas prices were only up by about 0.7% as of the close of trading Monday, they had been up by as much as 4% earlier in the session. According to Reuters, liquified natural gas plants saw "record amounts" of gas flowing to export stations last week. In December, 14.7 billion cubic feet per day have been flowing to the seven U.S. LNG export terminals, up from a record 14.3 billion cubic feet per day in November.
That uptick in demand appears to be partially seasonal -- colder weather is driving up demand for natural gas to heat homes and generate electricity.
Source Fool.com
