For Investors Only: Rail, Whiting
Forbes provides the following:
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.
The answer? By rail.
Yahoo!In-Play:
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.
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