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Quick Takes

October 31, 2011
Weirton Daily Times

NEW LOCATION: Nikolas A. Kamarados a Certified Financial Planner with Prudential's Penn Agency in Pittsburgh, has added a new office location at 517 Broadway St., Suite 204, East Liverpool.

Kamarados also has a private office in Follansbee.

"With this new office we will be operating with a marketing assistant and with a new associate to help service and reach our clients' financial goals," he said.

Kamarados has worked for Prudential since 1998, serving clients throughout West Virginia, Ohio, Pennsylvania, Maryland, Florida and Nevada. He has qualified for Million Dollar Round Table for outstanding performance in customer sales and service each of the last seven years and has been a financial planner with Prudential for nine years. He also has been named a member of the Annuities Masters Council and was the 2010 Investment Leader and Managed Money Leader for the Western/Central Pennsylvania and West Virginia Agency.

SEMINARS SET: The Area Agency on Aging Region 9 will present two free seminars for caregivers on Nov. 10 at Eastern Gateway Community College.

"Stress and Burnout in Caregiving" will begin at 11 a.m., followed by "Bringing Services into the Home" at 1 p.m. The presentations include information on stress relief, community services and resources, Medicare and Medicaid.

Both sessions will be held at Eastern Gateway's Pugliese Center, 110 John Scott Highway. Registration is required by Thursday by calling (740) 264-5591 or toll free at (800) 682-6553, extension 310.

EARNINGS: Consol Energy increased its annual dividend by 25 percent, or 10 cents per share, after reporting $167 million in net income for the third quarter.

The energy giant credits higher prices for its low-vol coal with being largely responsible for its third quarter success.

In announcing the results, Consol Chairman and Chief Executive Officer J. Brett Harvey said they'd met expectations on coal production "and our sales team raised its outlook on exports to a range of 10.0 - 10.5 million tons in 2011."

"In gas, we had a success in the Marcellus shale at the 10-well Hutchinson pad in Westmoreland County, Pa., which is now flowing at a combined rate of 56 MMcf per day into sales," he said, adding that Consol also had monetized a "significant portion" of its shale resources through deals with Noble Energy and Hess Corp.

"These transactions, along with the sale of an overriding royalty interest to Antero, are expected to bring to CONSOL Energy aggregate proceeds, plus the carry, of over $4 billion," Harvey said. "We are focusing on working with our partners to maximize the value of these transactions for our shareholders."

Revenue from the Antero deal will be included in fourth quarter results, however. Consol will realize $193 million from its transaction with Denver-based Antero.

Total company revenue was $1.4 billion, the highest ever achieved in the third quarter.

BIG BUCKS: The union-backed group pushing for the repeal of Ohio's new collective bargaining law has spent more than $17.3 million in the fight and has another $4.3 million on hand heading into the Nov. 8 election.

Campaign finance reports filed Thursday show We Are Ohio has raised a whopping $19 million from July to mid-October.

The coalition wants to overturn the law, which bans strikes by public worker and restricts their collective bargaining rights.

A group defending the law reported raising $7.6 million for the period and spending almost $6 million through its political action committee. Building a Better Ohio's nonprofit also released names of its donors, but not the amounts they gave.

From staff and wire reports

 
 

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