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CONSOL Energy Stock Price Up After Announcement On Structure Review

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CONSOL Energy's (CNX: Quote) stock price went up by 3.75 percent on October 11, 2013 after its announcement of continuing to review its structure and to consider all options to unlock value.

The company said, "There can be no assurance that any particular option will be pursued. If and when there is something to announce, we will communicate with all stakeholders, including our shareholders, our employees and the communities involved".

Wall Street Journal reported that CONSOL Energy is exploring ways to significantly reduce its coal holdings and focus more on natural gas. Under consideration, citing people familiar with the matter, is splitting up its coal and gas assets, and having them traded separately.

Shares of CNX closed Friday at $38.17, up $1.38 or 3.75%, on the Nasdaq. The stock further gained to $0.07 or 0.18% in the after hours.

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by RTT Staff Writer

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