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PBF Energy Inc. Message Board

  • bogwa1406 bogwa1406 Jul 7, 2013 11:21 AM Flag

    Really bad train derailment ....may cost us $$$ this week. Google " Quebec train wreck" for details, photos.

    It was 70 rail cars of crude and the derailment happened right in the middle of a small town. 3 dead and a really large fire. At present I can't imagine this is going to bode well for us longs. I would expect we'll see negative implications ......timeline unknown, JMHO

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    • Perhaps you are looking at this the wrong way:

      1. The railroad at fault is on a different line that feeds the Maine/Quebec area.
      2. PBF runs rail through BNSF and Norfolk Southern. BNSF is on the west side of the US an NS is on the East Coast. Montreal, Maine & Atlantic Railway is located in Vermont, Maine and in Canada.
      3. As we saw with the airplane crash, this was probably a conductor mistake. Trains do not usually leave the station on their own.

 
PBF
25.99-0.14(-0.54%)Dec 19 4:05 PMEST

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