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Wednesday, February 1, 2017 Stock Pick

Stock Price: $16.91

CONSOL Energy, Inc. engages in the exploration and production of oil, gas, and coal. It operates through the Exploration and Production; and Coal business divisions.

CNX is another coal play, but with CNX also comes participation in oil and gas too creating a trifecta situation in the energy space. It looks as if oil will stay high for the time being and maybe even spring to 52-week high levels. High oil prices will create higher prices in coal and natural gas too since they are cheaper alternatives.

CNX is heavy into coal production, but has decided to divest from it recently whether that is by spinning off its coal unit or otherwise. With a bad quarter behind it and a precipitous drop the last 5 trading days, it looks as if CNX is at an excellent entry level.

CNX has heavy involvement in the West Virginia and Western Pennsylvania coal region, which is the very region that Trump wants to bring back with less regulation on coal and coal power plants.

CNX has trended from this $17 to $22 in the past and with the stock looking undervalued, we could see it happen again with possible strong upside surprises. CNX trades at less than book value, at 0.93, and has a price to sales of 1.55.

Speculative Score: 1

1 Being the Least Speculative and Most Confident

10 Being the Most Speculative and Possibly the Most Risky

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