From: James Cramer Sent: Tuesday, February 21, 2012 7:11 PMTo: Nicole UrkenSubject: SELL BLOCK
After what Mark Papa from EOG said today on nat gas, I want to tell people to sell nat gas AND coal. Sure enough look at CNX—I think we put that in the sell block—let’s see some stuff, I think it would make a great Thursday sell block—put it together please!
From: Nicole Urken Sent: Wednesday, February 22, 2012 7:15 AMTo: James CramerSubject: Re: SELL BLOCK
Got it. Commodities front & center this week with oil continuing to surge—will focus on the commodities in the cross-hairs here—natural gas and coal. While CNX is very favored (25 buys, 4 holds, no sells from sell-side), downside risk present even though better positioned than some peers. Will lay out.
Tuesday morning, Consol Energy followed last week’s thermal coal production cut news by announcing it was idling its longwall mining unit at its Buchanan Mine, and reducing its continuous mining operating schedule. The company cited current market conditions, specifically rising inventories and decreased international demand for met coal. This sent the stock, and its coal cohort, down significantly.Page 1 of 6 | Next Page