It’s that time of year again where thanks to sites like Market Folly we mere mortals get to enjoy the vast wisdom contained in hedge fund year end letters. David Einhorn’s Greenlight Capital is always a good one to read although this past year was a challenging one for the value investor. The fund returned <2% in 2017… Read More »
The election of the Trump administration seemingly brought new life to the coal industry and the companies still operating in the space are taking full advantage. One example is Consol Energy’s (CNX) plan to spinoff its coal assets in order to create a gas focused E&P company. The spinoff was formally approved by its board of directions last month and… Read More »
Despite our new President publicly pledging his support for the coal industry, Consol Energy (CNX) is still looking at ways to fully shed its exposure to the commodity. The company sold off a number of its mines in 2016 and the only thing keeping it from being a pureplay E&P entity is its Pennsylvania mining interests. In its… Read More »