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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 cynical title to frame the poor performance of the selected peer group.",
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      "text": "CONSOL has done even worse because the market insists it's nothing but a coal stock.",
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      "text": "Stock performance of AR, EQT, GPOR, RRC, COG",
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      "text": "Generally speaking, when new entrants disrupt a market as the low cost producer, the disrupters' stocks soar, while the incumbents' stocks fade. But here, with each discovery of additional low cost supply, the market groans at the disrupters. The Marcellus and Utica gas frackers' stocks have fallen. CONSOL has done even worse because the market insists it's nothing but a coal stock.",
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      "text": "Source: Greenlight calculations based on pricing data from Bloomberg LP, retrieved November 2015. Comparative E&P companies selected in the sole discretion of Greenlight.",
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      "kind": "title",
      "text": "Misery loves company",
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