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Bart Myers

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Bart Myers

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Thursday, 03/31/2011 10:26:51 AM

Thursday, March 31, 2011 10:26:51 AM

Post# of 154
Gabelli has initated coverage of Consol Energy (NYSE: CNX) with a Buy Rating.

According to Gabelli, "Consol has a unique position as a leading coal and gas producer allowing them to hedge between the two commodities. Although the initial market reaction to the Dominion acquisition was negative, we believe CNX's diversification strategy has been validated by BHP's acquisition of Chesapeake's Fayetteville shale assets. Given the recent turmoil in the Middle East, politically safe domestic hydrocarbons such as coal and gas should benefit."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/03/966731/gabelli-initiates-coverage-of-cnx-with-buy#ixzz1IBfVaHJF
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