{"product_id":"cnx-swot-analysis","title":"CNX SWOT Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eElevate Your Analysis with the Complete SWOT Report\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eCNX’s solid asset base and niche market expertise position it well for steady cash flows, but regulatory shifts and commodity volatility pose tangible risks to growth—our concise SWOT highlights these dynamics and strategic gaps. Discover the full analysis for actionable recommendations, financial context, and editable deliverables to support investment or strategic decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etrengths\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDominant Appalachian Basin Footprint\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCNX Resources owns ~630,000 net acres in the Appalachian Basin (Marcellus\/Utica), positioning it in two of North America’s most productive gas plays; in 2024 Appalachia produced ~36% of U.S. dry gas, highlighting scale. Concentrated acreage enables long-lateral drilling (12,000–18,000 ft laterals common), boosting EURs per well and cutting unit LOE; in 2024 CNX reported $1.2B EBITDA, reflecting efficient, contiguous operations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLow-Cost Operational Structure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCNX Energy lowered unit cash costs to about $1.40\/Mcfe in 2024 by streamlining drilling and completion methods and cutting G\u0026amp;A, letting it stay cash-positive even with Henry Hub near $2.50\/MMBtu in 2024; this low-cost base supports free cash flow and buybacks. Their capital discipline—2024 capex ~$220M, 2025 guidance ~$200–250M—keeps returns above higher-cost peers in Appalachia.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated Midstream Infrastructure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCNX’s ownership of ~1,200 miles of gathering lines and 1.5 Bcf\/d of processing capacity gives it direct control over flows, cutting third-party fees (estimated savings ~$60–80m annually in 2024) and improving netbacks per Mcf.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSustainable Free Cash Flow Generation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpcnx has shifted to prioritize consistent free cash flow over growth generating about million of adjusted through the first nine months up year-over-year which funds debt paydown and buybacks.\u003e\n\u003cpthis capital-allocation focus reduced net debt by roughly million in and supported of share repurchases through q3 strengthening liquidity credit metrics.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAdjusted FCF ~650M (9M 2025)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pthis\u003e\u003c\/pcnx\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInnovative New Technologies Division\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCNX’s New Technologies division targets methane abatement and hydrogen, using existing Appalachian assets to deploy gas capture and blue\/green hydrogen projects; in 2024 CNX reported a pilot capturing ~15,000 MMBtu\/year of methane and sold ~25,000 tons CO2e in voluntary carbon credits.\u003c\/p\u003e\n\u003cp\u003eThe segment creates fee-like revenue from waste methane-to-power and carbon credits, plus hydrogen offtake potential, offering cash flows less tied to Henry Hub volatility.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePilots: ~15,000 MMBtu\/yr methane captured (2024)\u003c\/li\u003e\n\u003cli\u003eCarbon credits: ~25,000 tCO2e sold (2024)\u003c\/li\u003e\n\u003cli\u003eDecoupled revenue: pricing not solely Henry Hub-linked\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCNX: Appalachia scale, $1.2B EBITDA, $650M FCF — low cost, tech-driven emissions wins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCNX owns ~630,000 net acres in Appalachia, long-lateral drilling driving higher EURs; 2024 EBITDA $1.2B. Unit cash costs ~$1.40\/Mcfe (2024) with capex ~$220M; adjusted FCF ~$650M (9M 2025). Gathering ~1,200 miles and 1.5 Bcf\/d processing saved ~$60–80M (2024). New Tech: 15,000 MMBtu methane captured and 25,000 tCO2e credits (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet acres\u003c\/td\u003e\n\u003ctd\u003e~630,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 EBITDA\u003c\/td\u003e\n\u003ctd\u003e$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUnit cash cost\u003c\/td\u003e\n\u003ctd\u003e$1.40\/Mcfe\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAdj FCF (9M 2025)\u003c\/td\u003e\n\u003ctd\u003e$650M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eProvides a concise SWOT framework that maps CNX’s internal strengths and weaknesses alongside external opportunities and threats to clarify its strategic position and guide growth decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eDelivers a concise CNX SWOT snapshot for rapid strategic alignment and stakeholder-ready presentations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eW\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eeaknesses\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Geographic Concentration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCNX’s operations are almost entirely in the Appalachian Basin (over 95% of 2024 production), concentrating risk in one region.\u003c\/p\u003e\n\u003cp\u003eLocal issues—pipeline bottlenecks (Marcellus takeaway constraints peaked Q3 2024), state-level methane rules in Pennsylvania, or compressor failures—can cut realized volumes sharply.\u003c\/p\u003e\n\u003cp\u003eBeing single-basin raises vulnerability to regional basis spreads; CNX underperformed multi-basin peers by ~$0.50\/MMBtu realized price differential in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSensitivity to Natural Gas Prices\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDespite hedges and low unit costs, CNX Resources Corp revenue stays tied to Henry Hub natural gas prices; in 2025 YTD Henry Hub averaged about 2.90 USD\/MMBtu, pressuring realizations vs CNX’s 2024 realized price of roughly 3.10 USD\/MMBtu.\u003c\/p\u003e\n\u003cp\u003eSustained lows compress EBITDA—CNX reported adjusted EBITDA of 1.1 billion USD in 2024—limiting cash available for development and tech investment.\u003c\/p\u003e\n\u003cp\u003eFinancial derivatives reduce short-term volatility, but multi-year price troughs can cut free cash flow and reduce long-term valuation, still a material risk.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSignificant Capital Expenditure Requirements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMaintaining CNX Resources’ production in Appalachian shale needs continuous, heavy capex—CNX spent $311 million on drilling and completions in 2024—because unconventional wells decline rapidly and require constant infill drilling.\u003c\/p\u003e\n\u003cp\u003eThis capital intensity forces reinvestment of a large share of operating cash flow; in 2024 CNX’s operating cash flow was $410 million, so capex consumed ~76% of it.\u003c\/p\u003e\n\u003cp\u003eAny capital-market disruption or a 20%+ rise in service costs would cut drilling pace and risk production declines and cash-flow stress.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eComplex Regulatory Compliance Burden\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eOperating in Pennsylvania forces CNX to manage strict rules on water withdrawal, air emissions, and surface rights; PADEP fined energy firms $3.4M in 2023, showing material enforcement risk.\u003c\/p\u003e\n\u003cp\u003eCompliance raises operating costs—CNX reported $78M in environmental and regulatory expenses in 2024—and permit delays can push project timelines by 6–18 months.\u003c\/p\u003e\n\u003cp\u003ePersistent scrutiny from NGOs and agencies demands dedicated legal and remediation budgets, increasing contingent liability exposure and capital allocation to non‑productive compliance work.\u003c\/p\u003e\n\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\n\u003cli\u003eHigh enforcement: PADEP $3.4M fines (2023)\u003c\/li\u003e\n\u003cli\u003eCNX regulatory spend: $78M (2024)\u003c\/li\u003e\n\u003cli\u003eTypical permit delays: 6–18 months\u003c\/li\u003e\n\u003cli\u003eRaises contingent liability, distracts management\u003c\/li\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLimited Product Diversification\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCNX remains concentrated in dry natural gas, with 2024 revenue ~85% from gas and less than 10% from liquids\/oil, leaving earnings highly exposed when Henry Hub averages drop (2024 Henry Hub $2.97\/MMBtu). \u003c\/p\u003e\n\u003cp\u003eLimited product mix hinders quick shift to higher-margin hydrocarbons; new tech ventures target diversification, but 2024 capex to those projects was under $50M, so near-term revenue mix stays gas-heavy.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 revenue ~85% dry gas\u003c\/li\u003e\n\u003cli\u003eLiquids\/oil \u0026lt;10% of revenue\u003c\/li\u003e\n\u003cli\u003e2024 Henry Hub average $2.97\/MMBtu\u003c\/li\u003e\n\u003cli\u003eCapex to diversification projects \u0026lt; $50M in 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCNX: Appalachian, gas‑heavy and capex‑intensive — vulnerable to Henry Hub and PA regulation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCNX is single-basin (Appalachian \u0026gt;95% 2024), gas‑heavy (~85% revenue), and capex‑intensive (2024 drilling $311M; OCF $410M; capex ~76% OCF), making it sensitive to regional bottlenecks, Pennsylvania regulation (PADEP fines $3.4M in 2023; regulatory spend $78M in 2024), and Henry Hub weakness (2024 avg $2.97\/MMBtu), which compresses EBITDA and free cash flow.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2023–2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAppalachian share\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;95%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas revenue\u003c\/td\u003e\n\u003ctd\u003e~85%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDrilling \u0026amp; completions\u003c\/td\u003e\n\u003ctd\u003e$311M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOCF\u003c\/td\u003e\n\u003ctd\u003e$410M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegulatory spend\u003c\/td\u003e\n\u003ctd\u003e$78M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePADEP fines\u003c\/td\u003e\n\u003ctd\u003e$3.4M (2023)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHenry Hub avg\u003c\/td\u003e\n\u003ctd\u003e$2.97\/MMBtu (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003eCNX SWOT Analysis\u003c\/h2\u003e\n\u003cp\u003eThis is the actual CNX SWOT analysis document you’ll receive upon purchase—no surprises, just professional quality. The preview below is taken directly from the full report; buy now to unlock the complete, editable version. You’re viewing a live excerpt of the real file, structured and ready to use immediately after checkout.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56752558801273,"sku":"cnx-swot-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/cnx-swot-analysis.png?v=1772242372","url":"https:\/\/growthsharematrix.com\/products\/cnx-swot-analysis","provider":"Growth Share Matrix","version":"1.0","type":"link"}