The oilsands is a giant pit where drunk dinosaurs came to vomit pterodactyl ppunch.
..but here's one.
I predict that NScs Q1 improvement will turn out to be a head fake. It was an "everything and the kitchen sink" moment of life and death, and they picked all the low-hanging fruit.
Q2 will not show much, if any, additional improvement. The OR might even regress back into the low 70s.
[Of course, there's lots of reasonable excuses in place: slow economy, coal "headwinds", still fending off the barbarians the first few weeks of the quarter...etc etc. And the analysts will likely be placated with that. For a while].
Money managers, largely clueless, Ivy league blue bloods, don't know very much, and even less about rail. They'll presume Jim Squires is Hunter Harrison redux, and that turning an entire railroad completely around is easy peasy. After all, "its just trains....you don't even steer."
I can also see the gung-ho efforts and cooperation provided by the rank and file NS employees when they thought Harrison was the enemy will now evaporate....especially now that they realize Jim Squires has no more loyalty to them than Harrison, and will do whatever's required to keep his own job.
Of course, no matter what, in the eventuality of freight volumes finally returning, the falling-off-a-log simplicity of layoffs in this downturn....which produce immediate material benefits to the expense ledger....swings to the potential complex nightmare of scaling people and equipment back up...fast.
Without real skill, that could be highly entertaining.
Population of Lac Megantic: 5,932
"Settlement Fund": $460 million.
Equivalent to $77.500 for every man, woman and child.
Or just under $10 million per fatality. But being as dead people don't use or spend money, and because much of the money went to build recreation centres, sports fields , libraries and other stuff for the living, that metric seems irrelevant.
And to get the money, people (...again, the living..) had to formally agree not to sue. The Canadian and Quebec governments and the MM&A were utterly negligent and incompetent, and bribed them to stay quiet.
With other people's money. A lot of it.
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.