Intrinsic value of CONSOL Energy - CEIX

Previous Close

$42.71

  Intrinsic Value

$199.65

stock screener

  Rating & Target

str. buy

+367%

Previous close

$42.71

 
Intrinsic value

$199.65

 
Up/down potential

+367%

 
Rating

str. buy

We calculate the intrinsic value of CEIX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  14.70
  13.73
  12.86
  12.07
  11.36
  10.73
  10.15
  9.64
  9.18
  8.76
  8.38
  8.04
  7.74
  7.47
  7.22
  7.00
  6.80
  6.62
  6.46
  6.31
  6.18
  6.06
  5.96
  5.86
  5.77
  5.70
  5.63
  5.56
  5.51
  5.46
Revenue, $m
  1,620
  1,842
  2,079
  2,330
  2,594
  2,873
  3,164
  3,470
  3,788
  4,120
  4,465
  4,824
  5,197
  5,585
  5,989
  6,408
  6,843
  7,296
  7,767
  8,257
  8,768
  9,299
  9,853
  10,430
  11,032
  11,661
  12,317
  13,002
  13,718
  14,467
Variable operating expenses, $m
  575
  654
  738
  827
  921
  1,020
  1,123
  1,232
  1,345
  1,462
  1,585
  1,713
  1,845
  1,983
  2,126
  2,275
  2,429
  2,590
  2,757
  2,931
  3,112
  3,301
  3,498
  3,703
  3,916
  4,140
  4,372
  4,616
  4,870
  5,136
Fixed operating expenses, $m
  747
  764
  780
  797
  815
  833
  851
  870
  889
  909
  929
  949
  970
  991
  1,013
  1,035
  1,058
  1,082
  1,105
  1,130
  1,154
  1,180
  1,206
  1,232
  1,259
  1,287
  1,316
  1,344
  1,374
  1,404
Total operating expenses, $m
  1,322
  1,418
  1,518
  1,624
  1,736
  1,853
  1,974
  2,102
  2,234
  2,371
  2,514
  2,662
  2,815
  2,974
  3,139
  3,310
  3,487
  3,672
  3,862
  4,061
  4,266
  4,481
  4,704
  4,935
  5,175
  5,427
  5,688
  5,960
  6,244
  6,540
Operating income, $m
  298
  425
  560
  705
  858
  1,020
  1,190
  1,368
  1,554
  1,748
  1,951
  2,162
  2,382
  2,611
  2,850
  3,098
  3,356
  3,624
  3,905
  4,196
  4,501
  4,818
  5,149
  5,495
  5,856
  6,234
  6,629
  7,042
  7,474
  7,927
EBITDA, $m
  544
  705
  877
  1,060
  1,254
  1,458
  1,672
  1,897
  2,131
  2,376
  2,632
  2,898
  3,174
  3,462
  3,762
  4,074
  4,399
  4,736
  5,088
  5,455
  5,837
  6,235
  6,651
  7,085
  7,538
  8,011
  8,506
  9,023
  9,565
  10,132
Interest expense (income), $m
  0
  48
  64
  84
  106
  130
  154
  180
  207
  236
  265
  296
  328
  362
  397
  433
  470
  509
  550
  592
  636
  682
  729
  779
  830
  884
  940
  998
  1,060
  1,123
  1,190
Earnings before tax, $m
  250
  361
  476
  599
  729
  866
  1,010
  1,160
  1,318
  1,483
  1,655
  1,834
  2,020
  2,215
  2,417
  2,627
  2,846
  3,075
  3,312
  3,560
  3,819
  4,089
  4,371
  4,665
  4,973
  5,294
  5,630
  5,982
  6,351
  6,737
Tax expense, $m
  67
  97
  129
  162
  197
  234
  273
  313
  356
  400
  447
  495
  546
  598
  653
  709
  769
  830
  894
  961
  1,031
  1,104
  1,180
  1,260
  1,343
  1,429
  1,520
  1,615
  1,715
  1,819
Net income, $m
  182
  264
  348
  437
  532
  632
  737
  847
  962
  1,083
  1,208
  1,339
  1,475
  1,617
  1,764
  1,918
  2,078
  2,244
  2,418
  2,599
  2,788
  2,985
  3,191
  3,405
  3,630
  3,865
  4,110
  4,367
  4,636
  4,918

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,103
  3,529
  3,982
  4,463
  4,970
  5,503
  6,062
  6,647
  7,256
  7,892
  8,553
  9,242
  9,957
  10,700
  11,473
  12,275
  13,110
  13,977
  14,880
  15,819
  16,796
  17,814
  18,875
  19,981
  21,135
  22,339
  23,596
  24,908
  26,280
  27,714
Adjusted assets (=assets-cash), $m
  3,103
  3,529
  3,982
  4,463
  4,970
  5,503
  6,062
  6,647
  7,256
  7,892
  8,553
  9,242
  9,957
  10,700
  11,473
  12,275
  13,110
  13,977
  14,880
  15,819
  16,796
  17,814
  18,875
  19,981
  21,135
  22,339
  23,596
  24,908
  26,280
  27,714
Revenue / Adjusted assets
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
  0.522
Average production assets, $m
  2,468
  2,807
  3,168
  3,550
  3,954
  4,378
  4,823
  5,288
  5,773
  6,278
  6,805
  7,352
  7,921
  8,512
  9,127
  9,765
  10,429
  11,119
  11,837
  12,584
  13,362
  14,172
  15,016
  15,895
  16,813
  17,771
  18,771
  19,815
  20,907
  22,048
Working capital, $m
  -63
  -72
  -81
  -91
  -101
  -112
  -123
  -135
  -148
  -161
  -174
  -188
  -203
  -218
  -234
  -250
  -267
  -285
  -303
  -322
  -342
  -363
  -384
  -407
  -430
  -455
  -480
  -507
  -535
  -564
Total debt, $m
  1,177
  1,560
  1,969
  2,401
  2,858
  3,338
  3,841
  4,367
  4,915
  5,487
  6,083
  6,702
  7,346
  8,015
  8,710
  9,432
  10,183
  10,964
  11,776
  12,621
  13,501
  14,417
  15,372
  16,368
  17,406
  18,489
  19,621
  20,802
  22,037
  23,328
Total liabilities, $m
  2,792
  3,176
  3,584
  4,017
  4,473
  4,953
  5,456
  5,982
  6,531
  7,103
  7,698
  8,317
  8,961
  9,630
  10,325
  11,048
  11,799
  12,580
  13,392
  14,237
  15,116
  16,033
  16,988
  17,983
  19,021
  20,105
  21,236
  22,418
  23,652
  24,943
Total equity, $m
  310
  353
  398
  446
  497
  550
  606
  665
  726
  789
  855
  924
  996
  1,070
  1,147
  1,228
  1,311
  1,398
  1,488
  1,582
  1,680
  1,781
  1,888
  1,998
  2,113
  2,234
  2,360
  2,491
  2,628
  2,771
Total liabilities and equity, $m
  3,102
  3,529
  3,982
  4,463
  4,970
  5,503
  6,062
  6,647
  7,257
  7,892
  8,553
  9,241
  9,957
  10,700
  11,472
  12,276
  13,110
  13,978
  14,880
  15,819
  16,796
  17,814
  18,876
  19,981
  21,134
  22,339
  23,596
  24,909
  26,280
  27,714
Debt-to-equity ratio
  3.790
  4.420
  4.940
  5.380
  5.750
  6.060
  6.340
  6.570
  6.770
  6.950
  7.110
  7.250
  7.380
  7.490
  7.590
  7.680
  7.770
  7.840
  7.910
  7.980
  8.040
  8.090
  8.140
  8.190
  8.240
  8.280
  8.320
  8.350
  8.390
  8.420
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  182
  264
  348
  437
  532
  632
  737
  847
  962
  1,083
  1,208
  1,339
  1,475
  1,617
  1,764
  1,918
  2,078
  2,244
  2,418
  2,599
  2,788
  2,985
  3,191
  3,405
  3,630
  3,865
  4,110
  4,367
  4,636
  4,918
Depreciation, amort., depletion, $m
  247
  281
  317
  355
  395
  438
  482
  529
  577
  628
  680
  735
  792
  851
  913
  977
  1,043
  1,112
  1,184
  1,258
  1,336
  1,417
  1,502
  1,590
  1,681
  1,777
  1,877
  1,982
  2,091
  2,205
Funds from operations, $m
  429
  544
  664
  792
  927
  1,070
  1,219
  1,376
  1,540
  1,710
  1,888
  2,074
  2,267
  2,468
  2,677
  2,894
  3,121
  3,356
  3,602
  3,858
  4,124
  4,402
  4,692
  4,995
  5,311
  5,642
  5,987
  6,349
  6,727
  7,123
Change in working capital, $m
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -22
  -23
  -23
  -25
  -26
  -27
  -28
  -29
Cash from operations, $m
  437
  553
  674
  802
  938
  1,081
  1,231
  1,388
  1,552
  1,723
  1,902
  2,088
  2,282
  2,483
  2,693
  2,911
  3,138
  3,374
  3,620
  3,877
  4,144
  4,423
  4,714
  5,017
  5,335
  5,666
  6,013
  6,375
  6,755
  7,152
Maintenance CAPEX, $m
  -215
  -247
  -281
  -317
  -355
  -395
  -438
  -482
  -529
  -577
  -628
  -680
  -735
  -792
  -851
  -913
  -977
  -1,043
  -1,112
  -1,184
  -1,258
  -1,336
  -1,417
  -1,502
  -1,590
  -1,681
  -1,777
  -1,877
  -1,982
  -2,091
New CAPEX, $m
  -317
  -339
  -361
  -382
  -403
  -424
  -445
  -465
  -485
  -506
  -526
  -547
  -569
  -591
  -615
  -639
  -664
  -690
  -718
  -747
  -778
  -810
  -844
  -880
  -918
  -958
  -1,000
  -1,044
  -1,091
  -1,141
Cash from investing activities, $m
  -532
  -586
  -642
  -699
  -758
  -819
  -883
  -947
  -1,014
  -1,083
  -1,154
  -1,227
  -1,304
  -1,383
  -1,466
  -1,552
  -1,641
  -1,733
  -1,830
  -1,931
  -2,036
  -2,146
  -2,261
  -2,382
  -2,508
  -2,639
  -2,777
  -2,921
  -3,073
  -3,232
Free cash flow, $m
  -95
  -33
  32
  103
  179
  261
  348
  441
  538
  641
  748
  860
  977
  1,100
  1,227
  1,359
  1,497
  1,641
  1,790
  1,946
  2,108
  2,277
  2,453
  2,636
  2,827
  3,027
  3,236
  3,454
  3,682
  3,920
Issuance/(repayment) of debt, $m
  289
  383
  408
  433
  456
  480
  503
  526
  549
  572
  595
  619
  644
  669
  695
  722
  751
  781
  812
  845
  880
  916
  955
  995
  1,038
  1,084
  1,131
  1,182
  1,235
  1,291
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  289
  383
  408
  433
  456
  480
  503
  526
  549
  572
  595
  619
  644
  669
  695
  722
  751
  781
  812
  845
  880
  916
  955
  995
  1,038
  1,084
  1,131
  1,182
  1,235
  1,291
Total cash flow (excl. dividends), $m
  194
  351
  440
  535
  636
  741
  851
  967
  1,087
  1,212
  1,343
  1,479
  1,621
  1,769
  1,922
  2,082
  2,248
  2,422
  2,603
  2,791
  2,988
  3,193
  3,407
  3,631
  3,866
  4,111
  4,367
  4,636
  4,917
  5,211
Retained Cash Flow (-), $m
  -106
  -43
  -45
  -48
  -51
  -53
  -56
  -58
  -61
  -64
  -66
  -69
  -72
  -74
  -77
  -80
  -83
  -87
  -90
  -94
  -98
  -102
  -106
  -111
  -115
  -120
  -126
  -131
  -137
  -143
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  23
  26
  29
  33
  37
  42
  46
  51
  56
  61
  66
  71
  77
  83
  89
  96
  103
  109
  117
  124
  132
  140
  149
  158
  167
  177
  187
  197
  208
  219
Cash available for distribution, $m
  88
  308
  395
  487
  585
  688
  795
  908
  1,026
  1,149
  1,277
  1,411
  1,550
  1,694
  1,845
  2,002
  2,165
  2,335
  2,512
  2,697
  2,890
  3,091
  3,301
  3,521
  3,750
  3,990
  4,241
  4,504
  4,779
  5,068
Discount rate, %
  7.70
  8.09
  8.49
  8.91
  9.36
  9.83
  10.32
  10.83
  11.38
  11.95
  12.54
  13.17
  13.83
  14.52
  15.25
  16.01
  16.81
  17.65
  18.53
  19.46
  20.43
  21.45
  22.52
  23.65
  24.83
  26.07
  27.38
  28.75
  30.18
  31.69
PV of cash for distribution, $m
  82
  264
  309
  346
  374
  392
  400
  399
  389
  372
  348
  320
  288
  254
  220
  186
  154
  125
  99
  77
  58
  43
  31
  22
  15
  10
  6
  4
  2
  1
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

CONSOL Energy Inc., formerly CONSOL Mining Corporation, is engaged in the natural gas exploration and production business. The Company is a producer and exporter of high-Btu bituminous thermal and crossover metallurgical coal. It holds interest in the Pennsylvania Mining Complex (PMC) and related coal assets, terminal operations at the Port of Baltimore. The Company also holds interest in the undeveloped coal reserves located in the Northern Appalachian, Central Appalachian and Illinois basins. The Pennsylvania Mining complex, located in Greene and Washington counties. PMC includes Bailey Mine, Enlow Fork Mine, Harvey Mine, Centralized Coal Processing facility and Train Loadout facility.

FINANCIAL RATIOS  of  CONSOL Energy (CEIX)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

CEIX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CEIX stock intrinsic value calculation we used $1412 million for the last fiscal year's total revenue generated by CONSOL Energy. The default revenue input number comes from 2017 income statement of CONSOL Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CEIX stock valuation model: a) initial revenue growth rate of 14.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.7%, whose default value for CEIX is calculated based on our internal credit rating of CONSOL Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CONSOL Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CEIX stock the variable cost ratio is equal to 35.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $731 million in the base year in the intrinsic value calculation for CEIX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for CONSOL Energy.

Corporate tax rate of 27% is the nominal tax rate for CONSOL Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CEIX stock is equal to 1.6%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CEIX are equal to 152.4%.

Life of production assets of 10 years is the average useful life of capital assets used in CONSOL Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CEIX is equal to -3.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $204 million for CONSOL Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 28 million for CONSOL Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CONSOL Energy at the current share price and the inputted number of shares is $1.2 billion.

COMPANY NEWS

▶ Trump on coal   [Jun-01-18 05:20PM  Yahoo Finance Video]
▶ Seven Pittsburgh-area companies on 2018's Fortune 500 list   [May-21-18 02:38PM  American City Business Journals]
▶ Consol, CNX annual meetings their first as separate companies short and to the point   [May-09-18 11:41AM  American City Business Journals]
▶ Consol reveals its partner a local company on big coal-export deal   [May-04-18 09:55AM  American City Business Journals]
▶ Consol looking at opportunities in now-hot met coal market   [May-03-18 01:29PM  American City Business Journals]
▶ Consol Energy: 1Q Earnings Snapshot   [07:57AM  Associated Press]
▶ CNX Resources: 1Q Earnings Snapshot   [07:06AM  Associated Press]
▶ Is CONSOL Energy a Buy?   [Apr-27-18 06:04AM  Motley Fool]
▶ Four Stock Picks By David Einhorn That Might Be Oversold   [Mar-02-18 04:41PM  Insider Monkey]
▶ Why Coal Energy's Recent Comeback Will Be Short Lived   [Feb-10-18 10:48AM  Motley Fool]
▶ Factors Keeping the Coal Industry Alive   [Jan-30-18 04:09PM  Zacks]
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