dirtpoor....after reading your question again, I realized I left off part of your above question.
This refinery has 2 tracks, each holding 60 cars, for unloading.....so the 120 cars or the
entire train is being unloaded at the same time.....not one car at a time but all 120 cars.
google Philadelphia Energy Solutions, on home page to right, under news open the
dirt.....Yes they currently process 330,000 barrels per day.....the only difference is they are using
the cheaper oil instead of opec oil. They will probably increase rail oil as contracts with opec
shipping comes to renewal time ! They could take 4 trains per day, and still need more to
maintain current 330k being processed. The more cheaper oil they can obtain, the cheaper
gas prices follows. This is the largest refinery on the east coast. Hope this helps
Sentiment: Strong Buy
j molter.........I have worked many divisions on CSX inc the line you worked !
If you posted something about the Yorktown refinery...I missed it, and would
like to hear what you wrote.......thanks
Philly Energy Solutions (PES) refinery has increased capacity to take "240 cars per day" from CSX
totaling around 160K barrels of oil daily. PES also takes 30k per day by barge. Total 190k barrels.
This refinery has capacity to process 330k barrels per day.....and said if demand for gas increases
the rail facility can take 3 trains per day !! They also hired 45 people to handle the rail business.
This will add jobs for rail positions also....something the pipeline will never do !!
More growth today for CSX and room to handle more going forward.
Virginia refinery east of Richmond, Va at Yorktown was closed down in 2010 and many jobs lost.
Today this refinery has been overhauled to be a storage depot and transportation hub in the East
Coast chain. There will be no refining , but crude oil, ethanol, butane and other petroleum products,
as well as biodiesel components, will come and go by rail and water. In Dec executives talked about
upgrading port and rail links that will be operated under contract with CSX. IT WORKED
This saved 100 jobs.
TODAY..... CSX very first 80 car oil train to this hub, has left Chicago !!
happy, happy, happy.........you should smile....your investments are growing !!
wintoat.....still waiting on your explanation....or are you too busy spreading more bs.
how many pop and moms have you killed today ?
Sentiment: Strong Buy
well wintoat....maybe you should listen to some of the old-farts....you might
learn something.....but really.....there is no fix for stupid !
""you are a prime example why some animals eat their young"".
Absolutely, trading at all time high today, with no upside resistance....can easily move higher !
I'm a 10% tech, and 90% value buyer. Value is the current volume increase....hugh
Always good to hear from fellow employee....retired also....I wish u well !!
wintoat.....again you spread fiction and distort facts ! You should quit CSX and take a position
as advisor for refineries.......they are so stupid to spend millions to build rail yards to take the
baaken sweet crude by rail, and then be able to make gas as cheap as gulf refineries. They
should just go broke and buy the opec oil. Why save millions on cheaper rail transported oil and
be able to sell their gas cheaper.....those idiots !! I want to pay more for gas....don't you ? lol
A rail accident would be terrible.....just like the bp platform fire in the gulf, or Valdese ship in Alaska,
thank goodness CSX is the safest railroad in the US. A rail fire would be bad for the immediate
area, but nothing like the disaster of pipeline handling sand oil and the effects of abrasion to the
pipeline, which is to be built over the water supply for 5 STATES. Now that is a disaster.
The Keystone pipe (mistake) only supplies oil to the gulf......not to the east refineries, which are
thrilled to buy cheaper, rail delivered oil, and gas prices can be lowered with this cheaper oil.
This will allow east coast refineries to be able to compete with cheaper gulf refineries, and without
the rail oil, we will lose east coast refineries.....not good !
Consumers should be ecstatic with east coast gas being made cheaper....watch the pricing !!
Why change your name from uwin to wintoat on Oct 21 2013 ? You think people are tired hearing
all your lies, and fear articles about CSX ? True investors know you only bash CSX with fiction !
These lies only hurt the pop and moms trying to make money to survive ! If you are truly employed
by CSX they could fire you under rule G. You need to stop the lies !
Your constant post about the pipeline, stopping oil to east refineries, fear of fire, derailments, etc,
is a lie even you admit.....just not on CSX board !! Want proof ? How about the following post
""YOU made on another board" as follows:
wintoat34 Oct 22 2013 511pm
All of that Canadian crude will be exported out of the USA. The Keystone pipeline benefit is only
for Canada. By switching to that heavy Canadian oil we might even lose more refinery capacity
in the USA. Raising our fuel prices. A total lose lose for the USA if the KEYSTONE IS BUILT.
The Keystone pipeline only provides oil to the Gulf, not the EAST COAST REFINERIES, where
we either ship by rail or buy the, more expensive, oil from OPEC. Which do you prefer ?
See the truth can be spoken, even by you.,,,,just not on the CSX board !! GROW-UP
4 commodities have lower rate than coal, which everyone seems to worry about, but there
are 6 commodities which pay higher than coal (might be 7) i'm not sure about petro/oil.
With the largest refinery on the east coast Philly Energy Solutions (PES) which has
started their 240 cars per day oil shipments are currently up around 9k (so far) and
will continue growing ! There is not going to be a pipeline built that goes to the east coast
and the Canada pipeline is for the heavy sand oil....not to be mixed with the sweet crude
that is used by PES and most other east coast refineries ! PERIOD
In a nutshell: CSX will beat the street this Q and when they report mid Jan the stock
should break $30 nuff said. glta
Analyst and Investors are looking for growth q4 2013 compared to q4 2012
and most expect 3% volume growth. CSX has headwinds that hurt this Q
as follows: Last year earnings for q4 was .40 which was helped by the
sell of sun rail to Florida, liquidated damages on coal and hurricane Sandy,
which added around .03 to EPS, which they don't have this year and incentive
pay for employees also comes out this Q, which altogether should total around
.04 per share. The first 8 weeks of this q, with 4 weeks to go.....CSX coal
shipments are down a little over 3K carloads......That's NOTHING.
Now the good news.....look at Total traffic GROWTH first 8 weeks Q4 2013
Week 1. up 8K
Week 2. up 12K
Week 3. up 17K
Week 4. up 23K
Week 5. up 47K
Week 6. up 57K
Week 7. up 61K
Week 8. up 93K
Growth above last year (this Q) around 43,000 carloads, and growth around
49,000 Intermodal shipments. Still have 4 weeks to go !!
Average cost per carload according to commodity as follows:
Intermodal $656 but the margin is very good account traffic added to current
scheduled trains, with little additional cost !! Remember when CSX in 2012
lost $517 million on coal shipments, container GROWTH earned $512 million.
Coal pays around $2408.....Chemicals 8k growth pays $3553....Autos 5k growth
$2832....Food $2783.....Grain 8k growth $2563....and so on.
Grain hurt CSX in 2011 and 2012 due to drought.....this year bumper crop started
last of Sept and volume growth should continue throughout this year......continued.
Please allow this post to fade away.....sometimes we say something which we regret...I did.
Thank you hunter, dirt, and shark for your reply. Shark I will answer your question on a
different post. Please allow this embarrassing one to die.
hunter.....#1. Thank you.........#2. Don't sell.......#3....Understand it is very discouraging
to spend hours to compose, what I have hesitated to give for months now, on what
could be the most important "eye-opening" thing I have ever done.....just to see it become
hidden because people will not reply, or comment, and buried by the negative bs.
I will not post this info prior to Dec 2.....I don't lie, and will do what I said above.
Again thanks and good luck.
Sentiment: Strong Buy
Let me try and explain why this post is so important....to true investors.
CSX did following on oil shipments :
2011 week 46 shipped 68K for year 76K
2012 week 46 shipped 73K for year 86K growth of 10k
2013 week 46 shipped 111k for year should ship over 130K.....growth of 56K
PES largest oil refinery in eastern US will ship over 87k per year !!
With zero growth in 2014....and CSX continues to ship 3k plus each week
they will ship greater than 156K.....another growth 26k plus !!
This growth will easily offset any coal lost !!
On a personal note: My post are to help "other investors" (I obtain zero)
In 24 hours this post has dropped down to #5 on board....and will be gone
where it helps nobody in 5 days !! Why.....because people on this board
would rather fight about defending their positions against the shorts who
spread lies, false facts, fear, politics, and stupid comments. That keeps
them on page one.....total negative bs..... thumb up/down still drops post.
That said I have made up my mind....come Dec 1, if this post is on page 2
I will never make one single post going forward....and why should I, nobody
can take time to reply....and I will no longer waste my time to help """"YOU""""
Sentiment: Strong Buy