CEIX - ESG Nightmare Investor Dream: Is CONSOL Energy The Ultimate Contrarian Play?
2024-06-14 15:39:51 ET
Summary
- Natural gas demand in the US is expected to rise significantly by 2030 due to data center demand.
- Coal is facing challenges from environmental organizations and governments, but there is a strong bull case for the commodity.
- CONSOL Energy may be an attractive investment despite the negative sentiment towards coal.
Introduction
I'm very bullish on the future of natural gas. I have mentioned that in countless articles, including a recent one that discussed the impact of data centers on natural gas demand.
Essentially, domestic demand in the United States is expected to rise from roughly 35 billion cubic feet per day to almost 55 Bcf/d by 2030 under the most bullish expectations - mainly driven by data center demand.
EQT Corp.
Even under "normal" expectations, we are looking at an unprecedented growth rate in total power demand, fueled by artificial intelligence needing data centers and the ongoing shift from dirty coal to cleaner natural gas....
ESG Nightmare, Investor Dream: Is CONSOL Energy The Ultimate Contrarian Play?