You U.S. based holders of these shares might want to consider selling. There's a huge lawsuit coming. Check the news on some Canadian site (since U.S. based coverage of the flooding disaster in Calgary has been pathetic). A CP owned bridge near downtown Calgary has collapsed and there are five diesel-filled rail cars hanging by a threat. CP claims they inspected the bridge post-flood, The mayor of Calgary is livid, since the city has come to a standstill because of this.
What is a problem though is this cuts the mainline to Vancouver. This line is the heart of CP Rail. They can bypass Calgary, kind of, but not efficiently or for large traffic volumes. The last 2 weeks of the 2nd quarter and well into the 3rd quarter are going to see significant hits to carload volume and a increase in costs.
People who own this thing seem abysmally ignorant of the reality on the ground. CP has already lost a lot of volume due to the floods.