Dumping debt and cutting off trade...in the same breath, hurling slurs of Mao-ism.
If anyone wondered about the fate of American capitalism., this says it all.
Enjoy your state-owned railways.
The immense environmental damage already left by this wild fire event in Fort McMurray will make any alleged damage ever done by mining oilsands in the past 50 years a rounding error.
The various Canadian governments will spend several tens of billons in compensation and reconstruction without uttering a peep. In fact, they will no doubt wax nostalgically about how Canadians all pulled together and got through this, like some kind of noble cause, instead of sheer terrible misfortune.
Yesterday, even while the fires are still out of control, One member of their parliament even got up to make a statement about how "this fiire is all because of climate change". I kid you not.
Hateful, self-loathing, repulsive zealots.
Suncor has stated publicly it does not want or intend to become Syncrude operator. It simply wants to ensure that the proper decisions are made to become more reliable and efficient.
You are a vapid, ignorant idiot, Go away.
BTW...You might be a little more concerned that America appears well on its way to becoming a heavily indentured Chinese province. If you weren't so oblivious, that is.
Boston Consulting Group's annual value-creators report ranks the world's corporate leaders based on total shareholder return over a five-year period.
Eight Canadian stocks are included among the 300 top global value creators by industry. Canadian Pacific Railway made the transportation and logistics list.
We now return you to your regularly scheduled programming: continued government persecution of rail.
Because if there's two values Canada really can't take, its competing and succeeding.
So get out the chequebook for Bombardier. Again.
I'll be fine.
But "didn't pan out" is hardly an suitable description of what transpired.
CSX and NSC shareholders had a very valuable option --- one that investors so often tkae for granted until they need it ---- eliminated, and were officially informed they are just financial sponsors of government-controlled assets.
If I were you, 'smug' sure wouldn't be what I'd be feeling right now.
Trying to pick the next US President --- one that might actually do more with 8 years than transform some vapid slogan into a painfully sarcastic punch line --- is now a street brawl, with Donald Trump captivating Joe Six Pack's attention with promises of "Making America Great Again".
Any country that, in 2016, still can't get broken politics past the basic, unassailable value of even ONE continuous national freight railway...well, that's simply not even pretending to try anymore.
Nope. No trans-con railway. That's too crazy, too "out there".
But a giant wall.... THAT, everyone is all gung ho over.
'Great' again?! I suggest everyone take a realism pill and aim a little lower.
...and if you wanted to see CSX transform into a merchandise intermodal player.....in no time flat......you recently had a gloriously riskless chance handed to you on a silver platter.
And your incompetent, clueless management said no. And you let them.
Matt Rose, BNSF:
"We still have a lot of headwinds, specifically as the commodity supercycle is really coming to a close. the strong dollar is a headwind. Certainly the coal business is a headwind...."
Headwinds. Such a handy word. It makes it sound as though, with just a little more energy expended, we'll still ultimately end where we intended. Just a bit more tired, and a little bit later.
Coal is not a headwind. It's a noose. One that is tightening around anyone who is in any way dependent on it.
Ackman bought his CP stake in 2011, and just sold 1/3 of his holding.
I'm sure the always-courageous "thumbs down" putzes have held shares of CP for 5 years.
And that swine are currently orbiting Mars.
If Squires and the entire NSC board ---combined --- owned just 5% of what Ackman still owns of CP, you might have a duly incentivized management group.
As it is, you have overpaid, worst-performing, unmotivated leeches.....who just got contract extensions.
God bless 'murica.
$75 million is roughly 1/6 of the total pot handed over to the townsfolk to keep them from suing.
But given that the feds and MM&A were each 50% liable for the tragedy, and considering that the MM&A was bankrupt and didn't have a red cent to throw in to the pot, Canadian taxpayers might think they got off easy.
Of course, they still don't even know they 'got off' with anything, because they still think CN & CP are to blame. Because they are the precise fools the government thinks they are.