CONSOL Energy, Inc. (CNX)
The Company is a multi-fuel energy producer and energy services provider primarily serving the electric power generation industry in the United States.
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Low P/E, pays a dividend, earnings are increasing, world wide demand for product, beginning an uptrend, money going into this stock.
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Goldman is big-time bullish on the coal industry, and Consol has just given back about 20% of its recent gains. Time to buy on the dip. If Consol meets estimates for the next couple quarters, fair market value may place the stock in the $45.00 range.
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Coal stocks are selling for about .20 on the dollar as investors think the fuel is dead under Obama. 52% of all electric power comes from coal.... rememebr those electric cars coming in 2010? .... How about China and India demand as now coal is cheaper than oil as an energy form. I have over 40K invested in BTU, MEE, ANR,JRCC, ACI and CNX.
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Aquiring Chicken Little's shares as we speak.
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Oversold with the rest of the sector, CONSOL will recover as the price of coal recovers in 2009. Another good point is that unlike that other Appalachian giant, Massey, CONSOL does most of its mining underground, and so will avoid the affects of the jihad against mountaintop mining.
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Inevitable- as the world turns this is the track forward
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Just love it from here there is only one way to go UP, UP, and UP!
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Forward PE is around 3 and growth is projected to be through the roof. With the price down 80% from not too distant highs, this is a great value.
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I was embarrassingly ignorant in my FDG pitch, and I got schooled by a more learned CAPS participant, so I went in search of steam coal. This and BTU are what I found, and I am now long them in CAPS.
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The demand for coal may slow down with the world wide recession we are currently headed for , but the long term outlook after 2009 will be for increased demand and coal prices will be very strong. This stock will double within two years. You may be able to get it at an even better price later this year but I would not wait.
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Bottom - time to buy. Target $107.
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Over-sold on one earnings miss. Geology is always a factor in mining, but apparently CNX has already adjusted to conditions and the problems are by no means permanent. Look at the over-all energy picture!
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You gotta be kidding me with this coal bullsh:t.
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115+
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There will always be the need for coal to produce energy until they start using alternate ways of enegy more numerous but I don't see that for a while to come.
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The increased need for energy and the increasingly higher cost of oil should help the coal industry continue on the impressive run they have had. I am putting a green thumb on all the coal companies. More and more, the US is looking at ways to cut our dependence on foreign oil and the coal to liquids technology is proven to work. If this ever becomes mainstream, coal could increase at an even greater rate. Old stodgy coal may be the growth story of 2008.
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Going strong.
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Great leadership, innovative company

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