Canada's Oil Crisis Continues To Worsen [zero hedge]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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US:NYSE Investor Relations:
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Source: zero hedge
Authored by Irina Slav via OilPrice.com,Canadian oil producers can’t get a break.First it was the pipelines - there are not enough of them to carry the crude from Alberta’s oil sands to export markets. This pipeline capacity problem has been forcing producers to pay higher rates for railway transportation, which has naturally hurt their margins in no small way.Now, there is a shortage of rail cars as well.The situation is going from bad to worse for Canadian producers who can’t seem to catch a break. Canadian railway operators are fighting harsh winter weather and finding it hard to supply enough cars to move both crude oil from Alberta and grain from the Prairies.The harsh weather is just the latest factor, however. Before that, there was the 45-percent surge in demand for rail cars from the oil industry, Bloomberg reports, citing Canadian National Railway. The surge happened in the third quarter of last year, and Canadian National’s chief executive Ghislain Houle says that it took t
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CNI
News
- Canadian National (CNI) Q1 Earnings Beat Estimates, Sales Lag [Yahoo! Finance]Yahoo! Finance
- Canadian National Railway First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- CANADA STOCKS-TSX loses winning streak as railroad shares slide [Yahoo! Finance]Yahoo! Finance
- Canadian Pacific girds for potential rail strike next month [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Canadian Pacific girds for potential rail strike next month [BNN Bloomberg (Canada)]BNN Bloomberg
CNI
Earnings
- 4/23/24 - Beat
CNI
Sec Filings
- 4/23/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- CNI's page on the SEC website