$TELL There’s a good book called “The Frackers” with a chapter on Charif Souki. When he started Cheniere (ticker LNG), he originally raised money to create an import facility. The market changed so drastically while Chinere’s facilities were being built that import no longer made sense. The entire business model and all the money tied to it was crumbling right in front of him. He was stuck with a half built import business that was now worthless. Souki convinced the investors to double down, scrap the import business and move towards export. Guess what? It worked. Chienere exploded and everyone made heaps of money. Now everyone is freaking out because the TOTAL contract was terminated with TELL. Yes, because that equity model no longer makes sense. Souki is recalibrating the plan. He’s a master at this. The guy always has an ace up his sleeve.