Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (36980)	3/16/2010 11:19:57 AM
From: E_K_S	Read Replies (1) \| Respond to of 78748

RE: CONSOL Energy Inc. (CNX) RE: Dominion Resources, Inc. (D) Consol Energy Buys Gas Assets From Dominion March 15, 2010, 9:36 am dealbook.blogs.nytimes.com From the article:"...Consol Energy will buy the Appalachian natural gas properties of Dominion Resources for $3.48 billion in cash, giving it a leading position in the growing Marcellus Shale field, Reuters reports...." ================================================================ Not sure if the deal includes the pipeline assets of Dominion Resources (aka Dominion Transmission). Dominion Transmission is a natural gas pipeline that brings gas from the Cove Point LNG terminal in Maryland and gas from Ohio and Virginia into extensive natural gas storage fields in Pennsylvania and West Virginia, and also brings gas into New England. It is owned by Dominion Resources. Sold 1/3 of my Dominion Resources, Inc. (D) and bought equivalent shares in CONSOL Energy Inc. (CNX). CNX has a forward PE of 10 but only pays .70% dividend. You get coal and NG reserves in CNX with reserves located in the heart of the Marcellus Shale field. EKS