Replies to post #2349 on Foresight Energy LP (fka FELPQ)

[StockRoomBully]

I posted the same article.. Lol imo.. We're at the ending of the year tax write tax loss off season.. Lots of loading for 1st of January 2020. Folks Scared for this to run up before new year

lol Article insinuating a time to load on the cheap. Without a doubt Felpu dirt cheap and should be right up there with CIEX noticed article focused on this stockand others. We realy thinl felpu is not in the mix?? ONCE REORGANIZATION GETS DONE IS GOES TO THE MOON. We know for certain the felpu is even with CIEX. :)


I GUESS THAT WALL IS FOR REASON FOR THE SEASON. HOWEVER THE SEASON ENDS 1ST OF JANUARY ironyAND felpu DEADLINE is Dec 31st :)

Consol Energy: Cheap Coal Pure Play

Dec. 7, 2019 12:07 AMCONSOL Energy Inc. (CEIX)CNX
Summary
Pure-play US producer of high thermal capacity bituminous coal.
Even at current depressed coal prices, it trades at 5x EV to normalized EBITDA.
Huge expansion potential of EBITDA and value from marginal increases in bituminous coal prices.
Additional upside from capital structure management and expansion projects, both already underway.
CONSOL Energy (NYSE:CEIX) is a pure-play coal mining company. Its mining assets consist of three operating mines in Pennsylvania (Pennsylvania Mining Complex - "PAMC") with combined proven and probable reserves of close to 700ml tons of thermal coal that, given its characteristics - 12,970 BTU/lb and 2.4% sulfur content - is sold at prices of $45 to 60 per ton, depending on the year, with a premium to average thermal coal. Besides, the company owns 1,281ml tons of recoverable reserves (82% of a total of 1,562ml tons) in three properties in the Northern and Central Appalachian and Illinois Basin regions.

In total, the controlled (owned and leased) proven, probable, recoverable reserves are 2,260.7ml tons, out of which 96.2% are thermal (most of them in the Northern Appalachian region - NAPP), and 3.8% are crossover metallurgical quality coal.

Estimated annual production capacity is as of today 28.5ml tons. The company produced and sold 27.6ml tons in 2018 and 25.4ml tons on average in the last five years. The mines rank 10th, 14th and 37th in the US. Jointly considered, the PAMC ranks 3rd, behind North Antelope (Peabody) and Black Thunder (Thunder Basin Coal). CONSOL owns directly the equivalent to 79% of the reserves, and therefore pays no royalties on those. The rest is leased by CONSOL that controls 100% of all the reserves.

The three mines are underground, and extraction is made in longwalls, which provides for better extraction efficiency and lowest cost within that kind of mines. They are operated as a single complex and all extracted material treated in the Bailey Plant (here you can see where it is), which is supposed to be the largest preparation plant in the US. The plant is directly served by railroad and connected with a marine terminal in Baltimore Port (280 miles away), owned and operated by CONSOL.

All that sounds as an extremely efficient operational set. Quality is good, within the [colorgreen]thermal coal product, extraction method is efficient and[/color] processed coal movement is also very efficient and with a direct link to seaborne transportation.

According to the company, the complex of the three mines is in the first quartile of cash cost within the region (Northern Appalachian region) and in the first quartile on a global basis.

https://seekingalpha.com/article/4311172-consol-energy-cheap-coal-pure-play

[StockRoomBully]

CEIX is valued 44 times higher than us right now. This article makes a compelling case that their price should continue to rise double or triple even in current market conditions.

Well, well, well .. Lol You don't say!