Tellurian gains on no CEO contract extension, shift in strategy
04/03/2024 17:01
** LNG developer Tellurian's TELL.A shares up 4.9% at
$0.81
** Co to not renew or extend CEO Octavio Simoes' contract
beyond June 5
** Adds that it intends to financially greenlight its first
two liquefied natural gas (LNG) trains by year-end
** Simoes joined the firm in 2019 as a senior advisor to
former CEO Meg Gentle, whom he later succeeded
** Separately, natgas futures NGc1 rose 7.4% during
morning trade
** TELL stock has risen 6.55% so far this year
(Reporting by Kabir Dweit)
((Kabir.Dweit@thomsonreuters.com;))