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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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December 17, 2014
11:29 EDTCNXJoy Global sees U.S coal market to be challenged in 2015
Joy Global says U.S. coal exports are likely to decline this year. Falling gas prices attributable to warmer weather will result in a switch to gas for electricity production. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
December 11, 2014
08:46 EDTCNXCONSOL should be bought at current levels, says Sterne Agee
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08:38 EDTCNXCONSOL MLP could add $3-$9 per share, says FBR Capital
FBR Capital believes a thermal coal master limited partnership could potentially add $3 to $9 of share value to CONSOL. FBR values the company's thermal coal assets at around $4.1B. It keeps an Outperform rating on CONSOL after the company announced plans to pursue the creation of an MLP.
December 10, 2014
16:39 EDTCNXCONSOL sees transactions achieving four objectives
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16:37 EDTCNXCONSOL announces $250M share repurchase program
CONSOL Energy announced that its board has approved a two-year share repurchase program of up to $250M.
16:36 EDTCNXCONSOL board authorizes management to pursue MLP formation
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December 9, 2014
10:09 EDTCNXCONSOL management to meet with FBR Capital
Meeting to be held in Kansas City on December 11 hosted by FBR Capital.
December 8, 2014
06:59 EDTCNXCONSOL removed from short-term buy list at Deutsche Bank
Deutsche Bank removed CONSOL from the short-term buy list due to an automatic six month demotion.

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