When David Einhorn’s Greenlight Capital initiated a position in Consol Energy last year, many in the financial press instantly branded the trade a bad idea. Then, when Einhorn updated his thesis on Consol back in November, he drew, even more, criticism as the stock was down by around 70% from Greenlight’s initial entry price. David Einhorn, Greenlight Capital at Sohn 2016 [LIVE] Einhorn blamed this decline on the fact that investors continued to associate with Consol as a coal producer without taking into consideration the group’s high-quality gas portfolio — a 446,000-net-acre position in the Marcellus shale, and another 109,000…
Einhorn Changes Mind On Consol Energy
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