Here's David Einhorn's presentation on 1 energy company he thinks can survive the industry rout

On Monday, Greenlight Capital's David Einhorn gave his long thesis for CONSOL Energy, a natural gas exploration and coal company that has lost 77% of its value since the start of the year.

The presentation was given at the 2015 Robinhood Investors Conference.

Einhorn says he's still holding on to the company despite the ultra-low price of natural gas because he thinks the company can hold on too.

More specifically, he thinks the company has enough to wait until 2018 to invest in new projects, instead of spending money when sales won't generate enough revenue to cover costs.

See if you agree.

Note: The text on top of each slide is Einhorn's commentary on the presentation, not Business Insider's.