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Consol Energy - Alert

Buy Consol Energy (CEIX)

Consol is a coal miner which also owns and operates a marine terminal in the port of Baltimore. Earlier today, a Maersk ship struck a pillar in a bridge, causing it to collapse and killing several construction workers.

The area is on red alert, and Consol's marine terminal is closed. This tragedy has nothing to do with Consol - no corporate liability - the only impact is a delay in port operations. Consol exports 70% of its coal through that terminal, so the only problem here is shipping delays and uncertainty about when operations will resume.

This is a value stock and with 6 mins to go for market close, this is all the information that matters.

Good Trading!

Kashyap Sriram

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