Consol Energy News
CONSOL completed the sale of its Consolidation Coal Company (CCC) subsidiary to an unit of Murray Energy Corporation for $3.5 billion.
Coal stocks soared on Thursday, adding to their impressive rally so far in December.
PITTSBURGH, Dec. 5, 2013 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) announced today that it has closed on its previously announced agreement to sell its Consolidation Coal Company (CCC) subsidiary, ...
CONSOL's CEO recently talked about the future of energy in the United States, and he sees coal playing a big part.
Daniel J. Forbush, President, CEO, CFO and Director of General Metals Corporation (GNMT), Interviews with The Wall Street TranscriptWall Street Transcript Dec 3
67 WALL STREET, New York - December 3, 2013 - The Wall Street Transcript has just published its Gold and Precious Metals Report offering a timely review of the sector to serious investors and industry ...
Consol Energy (CNX) Granted Hart-Scott-Rodino Clearance for Sale of Five West Virginia Longwall Coal MinesStreet Insider Dec 2
CONSOL Energy Announces HSR Clearance for its Pending Sale of Five West Virginia Longwall Coal Mines to Murray EnergyPR Newswire Dec 2
PITTSBURGH, Dec. 2, 2013 /PRNewswire/ -- CONSOL Energy Inc. (CNX) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired in connection with the previously announced sale of its Consolidation Coal Company subsidiary, which contains all five of its longwall coal mines in West Virginia, to a subsidiary of Murray Energy Corporation for $3.5 billion in value. CONSOL Energy signed a definitive agreement regarding the sale to Murray Energy on October 28, 2013. The closing of the transaction is subject to the satisfaction of various other customary closing conditions, and CONSOL Energy anticipates closing the transaction in the next few weeks. Forward-Looking Statements Various statements in this release, including those that express a belief, expectation or intention, may be considered forward-looking statements (as defined in Section 21E of the Exchange Act) that involve risks and uncertainties that could cause actual results to differ materially from projected results.
The coal sector has been hammered, but the latest numbers show that Peabody has more going for it than most miners.
Coal Industry Stock Outlook - Nov 2013 - Industry Outlook
Coal Industry Stock Outlook - Nov 2013 - Zacks Analyst Interviews
Energy stocks shake off earlier weakness, ending the week up 0.7%.
We maintained our Neutral recommendation on CONSOL Energy.
Reports of coal's demise have been greatly exaggerated.