Canadian National R.R.
CNR-T
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About Canadian National R.R. (CNR-T)
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CP-T earnings have improved with revenues up in all their businesses. He holds CNR-T instead. He would not buy more at these valuations. If you are playing the oil by rail strategy, he would prefer CNR-T as it has more incremental market opportunity as it ships south into the US. He is not adding adding to his position.
He owns this and CSX, because he wants U.S. exposure (and doesn't own CP, because it's more east-west Canadian). The rails offer good exposure to the general economy. Given the lack of pipelines in Canada, shipping oil by rail adds 3-4% to earnings in the next few years. Around $130 is his target. Buy at $120.
He owns this and CSX, because he wants U.S. exposure (and doesn't own CP, because it's more east-west Canadian). The rails offer good exposure to the general economy. Given the lack of pipelines in Canada, shipping oil by rail adds 3-4% to earnings in the next few years. Around $130 is his target. Buy at $120.
He really likes the rails. It is basically impossible to build out any more national rail networks. He prefers Canadian rails to the US because they have not been experiencing as much of a volume decline. CNR-T is best in class management. They have more growth opportunities out of their core business. CNR-T and CP-T are his favourite rail picks.
He really likes the rails. It is basically impossible to build out any more national rail networks. He prefers Canadian rails to the US because they have not been experiencing as much of a volume decline. CNR-T is best in class management. They have more growth opportunities out of their core business. CNR-T and CP-T are his favourite rail picks.
If there's a recession, CN revenues will slow. They warned that their Q2 may be a little weak, though they'll hit their targets. They continue to generate a lot of cash flow and are adding more assets, like rail cars and lines. He believes the North American economy will continue to grow at 2-3%, so CN will benefit. A must-own. (CP is also good.)
If there's a recession, CN revenues will slow. They warned that their Q2 may be a little weak, though they'll hit their targets. They continue to generate a lot of cash flow and are adding more assets, like rail cars and lines. He believes the North American economy will continue to grow at 2-3%, so CN will benefit. A must-own. (CP is also good.)
He owns CP, which has a better profile. Don't sell CNR, but hold.
He owns CP, which has a better profile. Don't sell CNR, but hold.
CN vs CP The major difference is CN-R goes more North-South into the US. CP-T goes more across Canada. Both trade with similar yields. He does not own either. Both are good for a long term investment. It is splitting hairs deciding on which one to have.
CN vs CP The major difference is CN-R goes more North-South into the US. CP-T goes more across Canada. Both trade with similar yields. He does not own either. Both are good for a long term investment. It is splitting hairs deciding on which one to have.
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CP-T earnings have improved with revenues up in all their businesses. He holds CNR-T instead. He would not buy more at these valuations. If you are playing the oil by rail strategy, he would prefer CNR-T as it has more incremental market opportunity as it ships south into the US. He is not adding adding to his position.