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Stockreport

A Big Corporate Overhaul at CNX Resources Corp Leads to a 13% Drop in November [The Motley Fool]

CNX RESOURCES CORP (CNX)  More Company Research Source: The Motley Fool
Last cnx resources corp earnings: 5/3 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cnx.com
PDF Huge changes went down at the end of November at CNX Resources, but the price drop is really not as bad as it looks What happened The shares CNX Resources Corp. ( NYSE:CNX ) fell a massive 13% in November. And the vast majority of the drop occurred all at once on Nov. 29, when the stock fell from around $16 a share to $13.75 at the open of trading. This was definitely a news-driven move, but the market expected it and there was no negative information behind it. In fact, it was good news in many ways. So what This is a bit confusing, so take a deep breath and read slowly. Up until Nov. 29, CNX Resources Corp. was known as CONSOL Energy. For more than 100 years, CONSOL Energy was a coal miner. But over the past decade or so it had started to shift its focus toward natural gas . As part of that process, it created a master limited partnership called CNX Coal Resources LP. CONSOL was effectively selling its coal assets little by little to the partnership. The ulti [Read more]

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