CONSOL weakness a buying opportunity, says Brean Capital Brean Capital believes CONSOL Energy's update on its E&P business at the company's investor day was "highly positive" and the firm views today's weakness in the shares as a buying opportunity. Brean keeps its Buy rating on CONSOL.
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CONSOL 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.