Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (58505)	5/9/2019 7:59:12 AM
From: Goose94	Read Replies (1) of 202922

Canadian National Railway (CNR-T) CEO Jean-Jacques Ruest is calling for an end to Alberta's oil production cuts and says CNR expects to ship more crude this year, even if Premier Jason Kenney follows through with a promise to end an oil-by-rail plan. Mr. Ruest says CNR is investing in new locomotives, crews and track and is prepared for rail shipments to rebound after they dropped precipitously at the beginning of this year in the face oil production cuts. The cuts have pushed the price of Alberta crude higher, which makes rail shipments less profitable. Both the previous government and the new one have signalled an intention to pull back on those cuts throughout the year. Mr. Ruest says, "If there was a reduction in curtailment, then Alberta will be able to use more rail capacity and get more product to market." However, CNR and its rival Canadian Pacific Railway could soon find they are at odds with Alberta's new government. Mr. Kenney has vowed to scrap a $3.7-billion contract inked by his predecessor with the two railways to move an additional 120,000 barrels of crude oil daily.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next