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Stock Market & Financial Investment News

News Breaks
December 14, 2012
17:08 EDTCNXCONSOL Energy to lay off 147 workers
CONSOL Energy has issued notice under the Worker Adjustment and Retraining Notification Act of its intent to complete the idle of its Fola operations near Bickmore, W. Va., resulting in a layoff of 131 surface and office employees and 16 employees at the company's Little Eagle Deep Mine. The layoffs will occur during a 14-day period beginning at 12:01 a.m., on February 14, 2013. Employees were officially briefed on the situation on December 14. CONSOL Energy attributed this WARN notice to the expected February completion of coal processing and shipping from its preparation plant and recovery of equipment and infrastructure from the Little Eagle Deep Mine. CONSOL Energy anticipates that accelerated reclamation work will continue through mid-summer. Earlier this year, the company announced it would lay-off 318 employees and reassigned the remaining 147 employees from mining to reclamation work. The only coal produced through that transition occurred on the surface and was incidental to reclamation. A combination of market conditions and increasing pressure from the Environmental Protection Agency, which resulted in both increased costs of surface mining and significant uncertainty for the company's power generation customers related to the continued use of Central Appalachian coal were cited as reasons for the idling.
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July 29, 2014
06:45 EDTCNXCONSOL reports Q2 coal production 8.3M tons
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06:42 EDTCNXCONSOL raises FY14 E&P production guidance to 225-235 Bcfe from 215-235 Bcfe
CONSOL Energy recently raised its 2014 E&P production guidance range to 225 - 235 Bcfe from earlier guidance of 215 - 235 Bcfe. To achieve the mid-point of the new range, the company will need to produce approximately 60 Bcfe in Q3 and 70 Bcfe in Q4. The company has a record number of Marcellus Shale wells due to be tied into line in Q3.
06:40 EDTCNXCONSOL reports Q2 EPS (11c), may not compare to consensus 25c
Reports Q2 revenue $937.37M, consensus $923.28M. Reports Q2 E&P Division production 51.9 Bcfe, up 34%.
July 28, 2014
15:47 EDTCNXNotable companies reporting before tomorrow's open
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July 15, 2014
06:48 EDTCNXCONSOL reports E&P division produced 51.9 Bcfe during Q2
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