Best Stocks to Buy Under Trump: Consol Energy (CNX)
Donald Trump was vocal about his goals to increase coal use and production in the U.S., and that won him many votes in states like West Virginia. As he will be president and setting energy policy soon, it’s time to follow through on those promises with fewer regulations for coal companies and fewer subsidies for clean energy alternatives.
Consol Energy Inc. (NYSE:CNX) is one of the nation’s largest coal companies, and has survived the upheaval in the industry by becoming very agile in its production operations. It will be a direct beneficiary of a decision to move back toward coal because of better sales, of course, but more importantly, CNX has developed methods to respond quickly to demand trends. In recent years, that has meant ramping down production quickly to save on costs. But it also will work the other way if we see boom times for coal in 2017 and 2018.
To top it off, Consol has diversified into natural gas operations that have been been more than adequately picking up the slack as coal has fallen out of favor. This is not a one-trick pony that needs coal demand to jump quickly, but rather a stable company that can weather the current environment until a coal-friendly regulatory environment takes shape once more.