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

Editors Pick
Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions. Oil company Exxon Mobil Corp. on Friday reported a 63 percent fall in profit for the first quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results were impacted by the fall in crude oil prices and weaker refining margins. However, Exxon Mobil's earnings beat analysts' estimates, while Chevron's loss was wider than their expectations.
comments powered by Disqus
Follow RTT