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Volcano Steve

 
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  • Consol Q4 Gas Production Disappoints [View article]
    I think the upwards pop, if there is one, will come from guidance. The results and guidance presentation has been on Consol´s website since about 07:00 Eastern and has an optimistic tone especially with respect to low costs of production going forward. Judging from market reaction, this guidance is either not on investor´s radar as yet, or is not being taken at face value.
    Jan 31 10:10 AM | Likes Like |Link to Comment
  • Consol Q4 Gas Production Disappoints [View article]
    further disclosure: I´ve covered my CNX shorts here in the premarket at $32.76 - 33.00. Gas production was even worse than I thought but earnings have surprised me on the upside due to lower coal production costs than I was expecting. I´ll review the conf call and decide in next few days if I want to re-establish the short. Especially if stock pops upwards.
    Jan 31 08:11 AM | Likes Like |Link to Comment
  • Consol Q4 Gas Production Disappoints [View article]
    Not ignoring anything. Consol's production is lower than their guidance as per their own releases. Give me some figures if you think there's a mistake in the thinking.
    Jan 15 01:05 PM | 1 Like Like |Link to Comment
  • Natural Gas And Coal Down - Will Consol Warn Again? [View article]
    If US starts exporting nat gas that will bring gas prices down in rest of world too.
    Jan 7 03:15 AM | Likes Like |Link to Comment
  • Natural Gas And Coal Down - Will Consol Warn Again? [View article]
    chrxind, thanks for your comments. Pleased to see a counterview as it brings a balance to the article. You make some good points. I understand the Bailey/Enlow situation which is why I added the 0.23 impact back in to my Q4 estimate -ie the impact was there for Q3 but won´t be for Q4. Sorry if that wasn´t clear but I think if you reread you will see that point is made.

    Please remember the article is focused on Q4 having the potential to disappoint, due to mgmnt making statements that portrayed an assumption nat gas prices were in an uptrend as of Oct 25, and subsequent market action has shown the opposite has transpired.

    Finally, regards about what to expect coming from a short. DO you think I just randomly chose to short a stock then looked for justification afterwards? Of course not. I looked at the company first and then decided from what I saw that it should be shorted. I am sure you took a similar approach to your decision to invest on the long side. We have money at stake so owe ourselves the responsibility to respect counter arguments and consider reversing trades in any positions we are invested in. I don´t see any advantage in taking the attitude that someone else is on the other side of the trade and therefore they must be wrong/biased.
    Jan 7 03:15 AM | 1 Like Like |Link to Comment
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