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  "documentTitle": "CONSOL Energy (CNX)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
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  "presentationDate": "2015-11-16 00:00:00",
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  "notes": "The cartoon is a satirical commentary on the housing market/equity, used here as a thematic hook for a financial valuation slide.",
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      "text": "CONSOL's Buchanan mine is the lowest cost metallurgical coal mine in America.",
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      "text": "DCF value: $490 million",
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      "text": "CONSOL's Buchanan mine is the lowest cost metallurgical coal mine in America. It produces 4 million tons of coal and 16 million dollars of EBITDA in today's depressed markets. I don't have time to go through the met coal industry, but doing the same work we did for thermal coal generates a DCF value of approximately $490 million.",
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      "text": "MOM SAYS WE CAN'T EAT IT BECAUSE IT'S THE ONLY HOUSE LEFT IN THE NEIGHBORHOOD WITH EQUITY. — Rogers (2007 Pittsburgh Post-Gazette)",
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      "text": "Source: Greenlight estimates. Please refer to accompanying metallurgical coal discounted cash flow model for details and assumptions.",
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