{
  "docId": "019dd923-622b-71dc-a6da-fb39d1a50dfd",
  "docSlug": "41a3bf6001ae",
  "documentTitle": "CONSOL Energy (CNX)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-11-16 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 12,
  "pageCount": 107,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "thesis_headline",
  "function": "quantify_opportunity",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "The slide argues for the continued necessity of coal supply despite energy transition trends.",
  "elementsJson": [
    "headline_text",
    "bar_chart_stacked",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-fb39d1a50dfd/12",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-fb39d1a50dfd",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-fb39d1a50dfd.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-fb39d1a50dfd#slide-12",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Even under conservative projections, 20 years from now coal will still provide 25% of the country's electricity.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-fb95-7708-ad5a-d5dea3af92da",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.72,
        "x": 0.14,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Total Electricity Generation by Fuel",
      "attrs": null,
      "subkind": "bar-stacked-100pct",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a5a1d40-d264-401d-a572-83a4db5f7aac",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Coal share of electricity generation: 25%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-fb95-7708-ad5a-dbf385c21314",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.76,
        "x": 0.12,
        "y": 0.51
      },
      "kind": "paragraph",
      "text": "Even under conservative projections, 20 years from now coal will still provide 25% of the country's electricity. That's about 760 million tons annually. Someone has to supply it.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "859eb149-62a2-4b14-a1e8-8054a0b8f454",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.76,
        "x": 0.12,
        "y": 0.62
      },
      "kind": "source-note",
      "text": "Source: Greenlight calculations using EIA's electricity supply, dispositions, prices, and emissions reference case...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "86d978df-bb3b-4e76-ac07-e282b323f1af",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.38,
        "x": 0.31,
        "y": 0.08
      },
      "kind": "title",
      "text": "Coaled comfort",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "42b35347-c20f-42e5-b0ba-b8a5edb1867d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Thesis archetype",
      "slug": "thesis-archetype",
      "agent": null,
      "layer": "slide",
      "matchId": "5266f4cd-7ac7-4119-bda4-ff3c1e390712",
      "evidence": "Even under conservative projections, 20 years from now coal will still provide 25% of the country's electricity.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 15,
      "from": 9,
      "beatId": "db7199d6-d8c4-48a9-863d-7f42473b5aad",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Need",
      "beatSlug": "monroes-sequence-need",
      "evidence": "The presentation highlights the challenges faced by the coal industry, creating a sense of need for a solution.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 12,
      "from": 10,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "5a637437-ca4c-4adf-b2e4-bdb350402bf0",
      "evidence": "The presentation highlights the risks of not adapting to changing market conditions.",
      "position": 0,
      "objective": "The cost of inaction in the coal industry",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}