CP Rail CEO not supportive of Notley's crude-by-rail deal [Business News Network (BNN) Energy & Resources (Canada)]
Canadian Pacific Kansas City Limited Common Shares (CP)
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm
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Source: Business News Network
CP Rail CEO not supportive of Notley's crude-by-rail deal The head of Canadian Pacific Railway Ltd. has voiced his displeasure at the idea of Alberta's $3.7-billion deal with Canada's two biggest rail companies to ship more crude via rail amid a pipeline crunch squeezing oilsands producers. Keith Creel, speaking at a conference in Miami on Wednesday, said his company "didn't like it at all" when Premier Rachel Notley stepped in to work out a plan that aims to move up to 120,00 barrels of oil per day by rail by 2020. Saying the government's presence in the commercial realm wasn't "healthy," Creel nonetheless admitted the deal "just as good if not better" than others hammered out by CP Rail. Alberta has leased about 4,400 rail cars to get more oil to foreign markets, including refiners on the U.S. Gulf Coast, while the province works to increase pipeline capacity. Notley has said the rail plan will net $2.2 billion for taxpayers, with the increased traffic expected to boost commercial,
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- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Stifel Nicolaus from $83.00 to $82.00. They now have a "hold" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Evercore Inc. from $90.00 to $89.00. They now have an "outperform" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Bank of America Co. from $97.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Evercore ISI from $90.00 to $89.00. They now have an "outperform" rating on the stock.MarketBeat
CP
Earnings
- 4/24/24 - Beat
CP
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/24/24 - Form 10-Q
- CP's page on the SEC website