Oil pucks and pellets; Canada eyes new ways to move stranded crude 6:24pm EST [Reuters]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Reuters
Oil pucks and pellets; Canada eyes new ways to move stranded crude | Reuters 4 Min Read CALGARY, Alberta (Reuters) - Canada’s biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Congested pipelines have stranded much of Canada’s crude in Alberta, driving discounts to record-high levels. Canadian heavy crude traded on Friday for less than one-third of the U.S. benchmark light oil price. The latest blow to the sector landed on Thursday, when a U.S. court ruled construction must stop on TransCanada Corp’s ( TRP.TO ) Keystone XL pipeline. Pipeline pressure has pushed more crude onto trains owned by Canadian National Railway Co ( CNR.TO ) and smaller rival Canadian Pacific Railway Limited ( CP.TO ). But crude movement by rail is costly and prone to spills and sometimes disastrous accidents, such as the 2013 derailment at Lac Megantic, Quebec that killed
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CNI
News
- CN Announces Remi G. Lalonde as Chief Commercial OfficerGlobeNewswire
- What's in Store for Canadian National (CNI) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Bill Gates Is Raking In Over $1.26 Million Per Day In Dividend Income. Here Are The 5 Stocks Paying Him The Most [Yahoo! Finance]Yahoo! Finance
- 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
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