According to Consol, it's wasting little time ramping up Marcellus Shale production, drilling 22 Marcellus wells this year using two drilling rigs and drilling 165 wells using 10 rigs in 2012. "It appears they really are going to push Marcellus development," said James Rollyson, an energy analyst who follows Consol for Raymond James Financial Inc of St. Petersburg, Fla. Dominion last fall said it wanted to sell its Marcellus Shale holdings to focus more on its regulated businesses of natural gas distribution and electric power. 
Share:  According to <span class="company">Consol</span>, it's wasting little time ramping up Marcellus Shale production, drilling 22 Marcellus wells this year using two drilling rigs and drilling 165 wells using 10 rigs in 2012.<span class="sent"> "It appears they really are going to push Marcellus development," said <span class="analyst">James Rollyson</span>, an energy analyst who follows <span class="company">Consol</span> for Raymond James Financial Inc of St. Petersburg, Fla. Dominion last fall said it wanted to sell its Marcellus Shale holdings to focus more on its regulated businesses of natural gas distribution and electric power.</span>...According to <span class="company">Consol</span>, it's wasting little time ramping up Marcellus Shale production, drilling 22 Marcellus wells this year using two drilling rigs and drilling 165 wells using 10 rigs in 2012.<span class="sent"> "It appears they really are going to push Marcellus development," said <span class="analyst">James Rollyson</span>, an energy analyst who follows <span class="company">Consol</span> for Raymond James Financial Inc of St. Petersburg, Fla. Dominion last fall said it wanted to sell its Marcellus Shale holdings to focus more on its regulated businesses of natural gas distribution and electric power.</span> Tweet this 

"It appears they really are going to push Marcellus development," said James Rollyson, an energy analyst who follows Consol for Raymond James Financial Inc of St. Petersburg, Fla. Dominion last fall said it wanted to sell its Marcellus Shale holdings to focus more on its regulated businesses of natural gas distribution and electric power. 
Share:  <span class="sent">"It appears they really are going to push Marcellus development," said <span class="analyst">James Rollyson</span>, an energy analyst who follows Consol for Raymond James Financial Inc of St. Petersburg, Fla. <span class="company">Dominion</span> last fall said it wanted to sell its Marcellus Shale holdings to focus more on its regulated businesses of natural gas distribution and electric power.</span> Tweet this 

"Obviously the question is how sustainable is this," said Raymond James analyst Jim Rollyson of the metallurgical market. Under the deal, Massey will pay $640 million in cash and $320 million in stock. Massey, which won't incur any debt in the deal, will pay for a majority of the deal with cash on hand. But company executives said they will have to do some financing to ensure strong liquidity, including possibly issuing new equity. Part of the reason to raise additional capital is the potential for additional acquisition opportunities 
Share:  <span class="sent">"Obviously the question is how sustainable is this," said Raymond James analyst <span class="analyst">Jim Rollyson</span> of the metallurgical market. Under the deal, <span class="company">Massey</span> will pay $640 million in cash and $320 million in stock.</span> <span class="company">Massey</span>, which won't incur any debt in the deal, will pay for a majority of the deal with cash on hand. But company executives said they will have to do some financing to ensure strong liquidity, including possibly issuing new equity. Part of the reason to raise additional capital is the potential for additional acquisition opportunities....<span class="sent">"Obviously the question is how sustainable is this," said Raymond James analyst <span class="analyst">Jim Rollyson</span> of the metallurgical market. Under the deal, <span class="company">Massey</span> will pay $640 million in cash and $320 million in stock.</span> <span class="company">Massey</span>, which won't incur any debt in the deal, will pay for a majority of the deal with cash on hand. But company executives said they will have to do some financing to ensure strong liquidity, including possibly issuing new equity. Part of the reason to raise additional capital is the potential for additional acquisition opportunities. Tweet this 

It's a minor relief rally, though, not necessarily a sign that investors are reading the benign announcement from SunPower as a positive either. One would hope that investors aren't thinking, "Well, they didn't drag out the results of the fourth quarter results and accounting investigation all the way to the verge of being de listed, so that must be a positive." "It's been four months since the accounting issues were first disclosed, and for SunPower shares it's a bit of a relief rally that the situation is finally coming to an end, but beyond that, you can't read too much into it," said Raymond James analyst Pavel Molchanov. 
Share:  It's a minor relief rally, though, not necessarily a sign that investors are reading the benign announcement from <span class="company">SunPower</span> as a positive either.<span class="sent"> One would hope that investors aren't thinking, "Well, they didn't drag out the results of the fourth quarter results and accounting investigation all the way to the verge of being de listed, so that must be a positive." "It's been four months since the accounting issues were first disclosed, and for <span class="company">SunPower</span> shares it's a bit of a relief rally that the situation is finally coming to an end, but beyond that, you can't read too much into it," said Raymond James analyst <span class="analyst">Pavel Molchanov</span>.</span> Tweet this 

Massey plans to convert some of Cumberland's steam coal, used by power plants, into higher priced metallurgical coal needed by steelmakers. "This is clearly accretive and a good move for Massey," said Jim Rollyson, an analyst at Raymond James Financial in Houston. "Their plan is to get to 20 million tons of metallurgical quality coal by 2012, which would make them the biggest in the U. S.". Alpha Natural Resources Inc., based in Abingdon, Virginia, is the largest U. S metallurgical coal producer, and expects to ship 11 million to 13 million tons this year 
Share:  <span class="company">Massey</span> plans to convert some of Cumberland's steam coal, used by power plants, into higher priced metallurgical coal needed by steelmakers.<span class="sent"> "This is clearly accretive and a good move for <span class="company">Massey</span>," said <span class="analyst">Jim Rollyson</span>, an analyst at Raymond James Financial in Houston.</span> "Their plan is to get to 20 million tons of metallurgical quality coal by 2012, which would make them the biggest in the U. S.". Alpha Natural Resources Inc., based in Abingdon, Virginia, is the largest U. S metallurgical coal producer, and expects to ship 11 million to 13 million tons this year....<span class="company">Massey</span> plans to convert some of Cumberland's steam coal, used by power plants, into higher priced metallurgical coal needed by steelmakers.<span class="sent"> "This is clearly accretive and a good move for <span class="company">Massey</span>," said <span class="analyst">Jim Rollyson</span>, an analyst at Raymond James Financial in Houston.</span> "Their plan is to get to 20 million tons of metallurgical quality coal by 2012, which would make them the biggest in the U. S.". Alpha Natural Resources Inc., based in Abingdon, Virginia, is the largest U. S metallurgical coal producer, and expects to ship 11 million to 13 million tons this year. Tweet this