Press release from PR Newswire
CONSOL Energy Issues Statement in Response to Speculation Regarding Corporate Developments
Friday, October 11, 2013
CONSOL Energy Issues Statement in Response to Speculation Regarding Corporate Developments14:15 EDT Friday, October 11, 2013
PITTSBURGH, Oct. 11, 2013 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) issued the following statement to address recent speculation regarding possible corporate transactions involving the Company:
As we have stated previously, we believe the financial markets are not recognizing the full value of our world-class assets. In our second quarter earnings release issued July 25, 2013, CONSOL Energy stated that we are evaluating our overall corporate structure to consider different alternatives to unlock additional value for our shareholders. Although it is CONSOL Energy's long-standing policy not to comment on market rumors or speculation, CONSOL Energy confirms that the evaluation process regarding our corporate structure continues and all options are being considered. There can be no assurance that any particular option will be pursued. If and when there is something to announce, we will communicate with all stakeholders, including our shareholders, our employees and the communities involved.
Various statements in this release, including those that express a belief, expectation or intention, may be considered forward-looking statements (as defined in Section 21E of the Exchange Act) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital spending. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release, if any, speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks, contingencies and uncertainties relate to, among other matters, the factors discussed in the 2012 Form 10-K under "Risk Factors," as updated by any subsequent Form 10-Qs, which are on file at the Securities and Exchange Commission.
SOURCE CONSOL Energy Inc.
For further information: Investor: Dan Zajdel, at (724) 485-4169; Tyler Lewis, at (724) 485-3157, Media: Lynn Seay, at (724) 485-4065