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Consol moves higher on long-term thermal coal MLP opportunity

Oct. 28, 2014 11:48 AM ETCNX Resources Corporation (CNX) StockCNXBy: Carl Surran, SA News Editor1 Comment
  • Consol Energy (CNX +2.5%) is on the rise after the company's earnings conference call, which included comments on opportunities for alternate structures for its assets, including the potential for an MLP.
  • CNX sees the possibility for a thermal coal MLP over the longer term, while on the met coal side, the company is looking at "various structures" that capitalize on the potential rebound in the market, its low cost position and its strong management team.
  • Earlier: Consol narrows loss with record gas production.

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