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The Best and Worst Upstream Companies by Year-to-Date Returns

PART:
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Part 4
The Best and Worst Upstream Companies by Year-to-Date Returns PART 4 OF 13

The Third-Best-Performing Upstream Stock Year-to-Date

Tellurian’s year-to-date performance

On December 1, 2017, Tellurian (TELL) was the third-best-performing stock in 2017 from the oil and gas production—or upstream—sector in the US. Year-to-date, TELL has increased from its 2016 close of $11.25 to $13.32 on December 1—a sizeable increase of ~18.0%.

Year-to-date in 2017, TELL has outperformed crude oil (USO) and natural gas (UNG). Year-to-date, crude oil has risen ~9.0% whereas natural gas has fallen ~18.0%. In comparison, the SPDR S&P 500 ETF (SPY) has risen ~18.0% so far in 2017.

The Third-Best-Performing Upstream Stock Year-to-Date

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Tellurian’s revenues and earnings

Tellurian (TELL) is a development stage company. According to its form 10-Q for 3Q17, it “plans to develop, own and operate a global natural gas business and to deliver natural gas to customers worldwide.”

Currently, TELL has no revenues, and its operating cash flows are negative. In 9M17, TELL reported a net loss of ~$197.0 million, which is higher than its loss of ~$68.0 million in 9M16.

Tellurian stock has been in a strong uptrend since August 2017 and has risen more than 61.0% since then. The possible driver for the stock is TELL’s continued progress on its Driftwood project (Driftwood LNG terminal and Driftwood pipeline).

In 2Q17, TELL completed the FEED (Front-End Engineering and Design) study for the Driftwood project. According to Tellurian’s August 2017 press release, its Driftwood project could begin operations in 2022.

Next, we’ll compare the year-to-date returns from Kosmos Energy (KOS) with the broader market and energy commodities. We’ll also analyze its fundamental metrics.

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