logo
Share SHARE
FONT-SIZE Plus   Neg

CONSOL Energy Stock Price Up After Announcement On Structure Review

CONSOL Energy's (CNX) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walt Disney Co. (DIS) is reportedly in talks to buy a stake in Major League Baseball Advanced Media. According to LA Times, citing people with knowledge of the matter, Disney is seeking to acquire one-third interest in the MLB.com, which develops and manages the league's digital products. The deal... Postal Savings Bank of China, one of the biggest banks in China, seeks to raise about $8 billion in an initial public offering, which could be the biggest IPO of the year. Postal Savings Bank of China plans to list its stock in the Hong Kong stock exchange. According to reports, the Postal Savings... Sporting goods retailer Dick's Sporting Goods, Inc. has emerged as the successful bidder in the bankruptcy auction for its former rival Sports Authority Holding Inc.'s intellectual property assets and the right to acquire 31 store leases.
comments powered by Disqus
Follow RTT