For investors in the rails, Biden is an absolute godsend. Whoo-hoo.
Over the past week or so, I noted that three rails increased their dividends: two of the rails were Canadian and one was a US rail. I'm looking forward to an announcement from UNP in February regarding its next quarterly dividend. Six quarters without a dividend increase while others are increasing their dividends must be putting some pressure on UNP. We'll see.
From a reader, this link from S&P Global Platts: Canadian rails see CBR increasing on pipeline cancellations, uncertainty.
Takeaways:
- Biden XL cancellation increases reliance on CBR
- Canadian heavy crude proving to have resilient USGC demand
- CP Railway finishing construction to ship more from Hardisty
Wow, I haven't used the CBR or the CBR_Canada tags in a long, long time. I can hardly wait to use the CBR_Minnesota tag again.
The great news: BNSF has had several years to enhance CBR infrastructure. My hunch: huge job opportunity in western North Dakota as moth-balled terminals are brought back on line.
This will help with CO2 emissions. LOL.
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