there is light at end of tunnel. NSC doing good job with traffic portfolio offsetting coal's demise. I forgot NSC owns 60% of Conrail.
Presentation Slide 25
cash flow 1.473B v 1.437
capex 886 v. 809
free cash flow 587 v. 628
Good news not baked into NSC's share price. Canal expansion project will result in surge in intermodal traffic on east coast....Norfolk deep water best suited to larger ships
NEW YORK (Bloomberg) -- After four years of record supply, natural gas output is showing signs of weakness as producers pull back amid tumbling oil prices. Gas production from the seven largest shale basins will fall 0.6% to 45.1 Bcfd in August from a month earlier, the biggest drop since March 2014, the U.S. Energy Information Administration (EIA) said Monday in its monthly Drilling Productivity report. EIA estimates have shown supply declines since June. The government’s forecasts signal that the 51% collapse in crude oil prices since June 20, 2014, is reverberating in the natural gas market. As drillers shut wells in liquids-rich deposits from North Dakota to Texas, they’re also curtailing gas output from those reservoirs. That may prevent further price declines for gas, which has slid 37% since oil’s plunge. “Gas is being held captive by oil,” Aaron Calder, senior market analyst at Gelber & Associates in Houston, said by phone Monday. “Natural gas prices were artificially kept low by high oil prices.”
Natural gas for August delivery rose 9.4 cents, or 3.4%, to $2.864 per million British thermal units Monday
was up $1.25 at high yesterday and hit 88 interday. Gave up all gain closed up .25 cents. Open -1 this morning and hit 85.75 which is a 4% drop from yesterdays high of 88........
my plan is for Greece to start collecting 10% trademark royalties on everything with the word greek in it.... Greece should have a referendum on it so the voters can decide the exact royalty.
Triiple damages due to those the airlines screwed by price fixing
why are airfares 2x last year when oil was $110??? why do jet blue and SW air have the same prices for airfare?