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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 slide uses a humorous headline to introduce a serious market anomaly (basis differential).",
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      "text": "Right now, all the new production has created a shortage of pipeline to take gas out of the region, which has created a localized glut.",
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      "text": "Price Differences Between Dominion South Gas and Henry Hub Gas",
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      "text": "Historically, gas at Dominion South, near Pittsburgh, has traded at a premium to Henry Hub. Today, it's at a big discount. This gap is known as the basis or the differential.",
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      "text": "In early November, when Henry Hub gas was $2.25, it was about half that at Dominion South.",
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      "text": "Source: Greenlight calculations based on pricing data from Bloomberg LP, retrieved November 2015.",
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      "text": "But wait, there's less!",
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