Natural Gas Bounce Back Good for Consol Energy
Energy investors have been eagerly awaiting the rebound of natural gas prices. We all anticipate this bounce back to happen soon, not to mention we are hoping for this as well. If natural gas does see a big recovery, which stocks will benefit? Peter Epstein expects Consol Energy to see some major benefits if natural gas reaches $4, and here is why.
"Consol Energy, (CNX) could rip if natural gas rebounds to above $4. Why CNX? Because the stock does not trade week by week with natural gas prices like many pure gas players do. Instead, the stock languishes whenever natural gas prices are below $4 even if coal stocks are rallying. If natural gas rebounds, CNX could snap back with it. First and foremost, Consol Energy is a coal company… at least that was true until recently; today that statement is debatable. In addition to a storied coal franchise dating back more than a century, CNX has a valuable gas business that’s under-appreciated by investors."
Find additional research and charts here: http://turnkeyoil.com/2011/10/13/natural-gas-bounce-back-good-for-consol-energy/