CNX Resources Corporation: Update following upgrade to Ba3
Our credit view of CNX Resources, reflecting its outlook for sustained free cash flow generation, offset by its single basin concentration in Appalachia.CNX Resources is an independent oil and gas company focused on the exploration, development, production, gathering, processing and acquisition of natural gas properties primarily in the Appalachian Basin. The company's operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale. The company operates, develops and explores for natural gas in Appalachia (Pennsylvania, West Virginia, Ohio, and Virginia).
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