Consol Energy (CNX +0.8%) draws praise from Brean Murray for cutting its 2012 capital spending...

|About: CNX Resources Corporation (CNX)|By:, SA News Editor

Consol Energy (CNX +0.8%) draws praise from Brean Murray for cutting its 2012 capital spending target by $200M as it scales back its investment in natural gas production in the face of low prices. Consol’s decision was "sensible... which should be rewarded by investors”; overall, CNX Q4 results came in “roughly in line with our estimates."