Alberta government in talks about offloading crude-by-rail contracts [Reuters]
Canadian National Railway Company (CNI)
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Source: Reuters
Alberta government in talks about offloading crude-by-rail contracts - Reuters 3 Min Read CALGARY, Alberta (Reuters) - The Alberta government has started talks with the private sector about Canadian oil producers taking over crude-by-rail contracts signed by the previous government, Alberta Premier Jason Kenney said on Tuesday. The talks follow newly elected Kenney’s campaign promise to scrap the former New Democratic Party government’s C$3.7 billion ($2.78 billion) crude-by-rail deals, which he has slammed as poor value for taxpayers. “There are confidential conversations going on between our government and private sector actors. Our strong preference is that the private sector take over those contracts,” Kenney told reporters in Calgary. Although talks are underway, the crude-by-rail programme will not start up in July as originally planned by the NDP, said a government source with knowledge of the situation, who is not authorised to speak to the media. Alberta is Canada’s main crud
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News
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- Canadian National Railway (NYSE: CNI) had its price target raised by analysts at Stifel Nicolaus from $121.00 to $134.00. They now have a "hold" rating on the stock.MarketBeat
- Canadian National Railway (NYSE: CNI) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Canadian National Railway (NYSE: CNI) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $145.00 price target on the stock, up previously from $140.00.MarketBeat
CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- 4/2/24 - Form 6-K
- CNI's page on the SEC website