Consol Energy Inc. – News

CONSOL Energy Inc. the leading diversified fuel producer in the Eastern U.S., has proved gas reserves of 3.7 trillion cubic feet (Tcf) as of December 31, 2010. This is an increase of 1.8 Tcf, or 95%, from the 1.9 Tcf reported at year-end 2009. The proved developed reserves (PDP) increased by 86% and the proved undeveloped reserves (PUD) increased 107%. Of the 3.7 Tcf of proved reserves, 52%, are categorized… 

CONSOL Energy Declares Regular Quarterly Dividend of $0.10 per Share

Friday, October 24th 2008

CONSOL Energy Inc.’s Board of Directors declared a regular quarterly dividend of $0.10 per share, payable on November 21, 2008, to shareholders of record on November 5, 2008. CONSOL Energy Inc., a high-Btu bituminous coal and coal bed methane company, is a member of the Standard & Poor’s 500 Equity Index and has annual revenues of $3.8 billion. It has 17 bituminous coal mining complexes… 

CONSOL Energy’s Buchanan Mine Resumes Production

Tuesday, September 30th 2008

CONSOL Energy Inc.’s Buchanan Mine near Mavisdale, Va. resumed production on Tuesday, September 30, 2008, as all remaining seals in the previous area of concern are at or above 120 pounds per square inch in compliance with federal regulations. The area in the Buchanan Mine that was being sealed is the area of the mine where a roof fall resulted in the mine being idled for nearly nine months last… 

CONSOL Energy Declares Regular Quarterly Dividend of $0.10 Per Share

Saturday, August 2nd 2008

CONSOL Energy Inc.’s Board of Directors declared a regular quarterly dividend of $0.10 per share, payable on August 25, 2008, to shareholders of record on August 7, 2008. CONSOL Energy Inc., a high-Btu bituminous coal and coal bed methane company, is a member of the Standard & Poor’s 500 Equity Index and has annual revenues of $3.8 billion. It has 17 bituminous coal mining complexes… 

Consol Energy Inc; 2Q earnings fall 34 percent

Shares of Consol Energy Inc has recently been reported falling sharply Thursday after the coal mine operator said its second-quarter profit dipped 34 percent as productivity problems pushed up costs. Pittsburgh-based Consol said it earned $101 million, or 54 cents per share, in the quarter. Consol earned $153.1 million, or 83 cents per share, in the second quarter of 2007. Last year’s second… 

Natural gas producer CNX Gas Corp. profit soars 55 percent in 2nd quarter, but miss Wall Street estimates

Natural gas producer CNX Gas Corp. has just published a report saying that profit soared 55 percent in the second quarter on record production, but results came in below Wall Street estimates. CNX, which extracts methane gas from coal beds in the Appalachian Basin, said it made $64.3 million, or 42 cents per share, for the three months ended June 30, compared with $41.5 million, or 27 cents per share,… 

CONSOL Energy and Synthesis Energy Systems Announce Funding of Front-End Engineering Design Package for West Virginia Coal Gasification Project

CONSOL Energy Inc., the nation’s largest producer of bituminous coal, and Synthesis Energy Systems Inc., a global industrial gasification company, intend to develop through a joint venture their first U.S. coal gasification and liquefaction plant to be located in West Virginia. CONSOL (through its subsidiary Terra Firma Company) and SES have formed Northern Appalachia Fuel LLC (“NAF”),… 

Rancher Energy Corp Rated ‘Speculative Buy,’ Target Price $7.39 by Beacon Equity Research

Tuesday, January 30th 2007

Rancher Energy Corp has been rated “Speculative Buy” with a target price of $7.39 by Beacon Equity Senior Research Analyst, Kris Goldcross, CFA. The full report is available at http://www.BeaconEquityResearch.com Anyone interested in receiving alerts regarding Rancher Energy Corp research should email members@beaconequityresearch.com with “RNCH” in the subject line. In the report… 

Effort to save giant mining shovel for museum fails

Tuesday, January 30th 2007

The world’s last operating stripping shovel will be sold for scrap after a group of citizens and public officials failed to raise enough money to preserve the massive machine for a coal mining heritage museum. The 7,000-ton Silver Spade has sat dormant in rural Harrison County near Cadiz since April, after its rotating base was disabled. When the machinery’s owner, Upper St. Clair-based… 

Arch Coal Shares Fall on Warm Weather

Shares of Arch Coal Inc. continued falling Thursday after a Morgan Stanley analyst took the coal producer off a list of preferred stocks, saying warm weather spells trouble for coal prices. Morgan Stanley analyst Henry H. McVey struck Arch Coal from the Focus List. “We are increasingly concerned that high inventories and warm weather will prove to be the enemy of an improvement in fundamentals,”…