Citigroup raised its price target on shares of Union Pacific to $180 as free cash flow is improving and fundamentals remain strong. In the report, Citigroup increased its EPS estimates as well.And Motley Fool:
With oil pipelines from Canada filled to capacity, how do Gulf Coast refiners secure the heavy crude to produce the profitable diesel and jet fuel for investor rewards? The Keystone pipeline, if ever built, is years and billions of dollars away. Trucks can't possibly handle the entire demand. Saudi Arabian heavy crude arrives on ships but costs more than Canadian crude.Yahoo!In-Play:
The answer? By rail.
Whiting Petroleum exercises right to mandatorily convert preferred stock into common stock: Co announces that it is exercising its right to convert all outstanding shares of its 6.25% convertible perpetual preferred stock into shares of the co's common stock effective as of 5:00 p.m. Eastern Time on June 27, 2013.Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.