UPDATE 2-Canadian province of Alberta leases 4,400 rail cars to clear oil glut [Reuters]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Reuters
UPDATE 2-Canadian province of Alberta leases 4,400 rail cars to clear oil glut (Adds premier’s comment, background on shipments) By Rod Nickel WINNIPEG, Manitoba, Feb 19 (Reuters) - Canada’s oil-producing province of Alberta has leased 4,400 rail cars in a multibillion-dollar move to clear a glut of crude that depressed prices, Premier Rachel Notley said on Tuesday. Notley said Alberta would start putting cars into service in July so it can buy and sell oil itself. Canadian National Railway Co and Canadian Pacific Railway Ltd will haul a combined initial volume of 20,000 barrels per day that will reach 120,000 bpd by mid-2020. Alberta’s rail investment is part of a rescue package for an oil industry struggling with high costs and the exit of some foreign majors. Pipelines have become congested because of environmental opposition that has stymied expansion. The provincial government took the rare step in January of ordering oil production cuts. “Rather than produce less, we have to fin
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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