When you have an answer, the sooner the better. The same principle also works in exact reverse.
So, after all that..! When Class 1's wanted to shut down some regional spur lines, politicians stepped in --- with their usual superior understanding of trade and commerce --- and gave endless subsidies, allowances, regulatory changes and tax breaks --- to facilitate the formation of special purpose companies to take over otherwise useless, obselete tracks and keep little bumfook towns with no viable economy from vanishing. And Lac Megantic was on such a route, and serves as a textbook case.
And now.....after all that's happened, after it's revealed that the very same government boobs are largely to blame for allowing MM&A to operate unsafely on a shoestring budget......and will pay more than $400 million in taxpayer money for the cleanup, and lord knows how much in civil class-action damages.....get ready....
And here's the kicker: The Town of Lac Megantic has just announced that it wants (nay...demands!) that the railway tracks be moved to bypass their town. Just let that sink in.... instead of letting the town slowly succumb to its fate, the taxpayer will have rebuilt the entire thing brand new. But without those "bad trains", or any economy to speak of.
And this is just another in the long list of examples of the Law of Unintended Consequences that incompetent governments get taxpayers into. Repeatedly. They are an expensive, malignant cancer.
In HH's opinion, Mr. Bill might be planning to join the ranks of Bill Gates and Warren Buffett as a long-term holder of his chosen railroad play. I'm sure he doesn't have the same definition of 'long term' as Warren, but it's a strong sign nonetheless.
For those who are confused about CBR and it's credit for or materiality to CP's remarkable turnaround.....crude makes up just 5% of the company's business, and it doesn't even provide particularly strong profit margins, (in part thanks to the stellar contracts negotiated by Fred et al back when they were still running the asylum).
CP has even debated whether or not it should even continue to be in the crude business at all...but it is the law that they must, and if they didn't, a lot of it would end up on the highways (take note, oh wise ones of the Sierra Club...your next big contribution to society awaits).
Harrison also dismisses the new TSB rules as utter BS. He says those people are clueless, the new rules simply increase the costs for carriers without any improvement to public safety, and the only useful, obvious solution is to simply get rid of the DOT 111s. Now.
And despite what the professional whiners of the grain lobby claim, CBR is not displacing or slowing grain shipments.....the brutal cold weather is slowing everything down from what it could be, but capacity is there.
Today's complete over-reaction to management spin was a gift. And if this thing with all its moving parts right now is your best investing idea, you deserve to lose your money.
A little follow-up is in order...following a meeting of Canadian mayors, Comrade Nenshi had a positively glowing opinion of the crack-smoking, walking time bomb that is Rob Ford. He was the only one. The others wouldn't acknowledge him as having any remaining legitimacy or credibility.
The SEC would certianly prefer to see HLF go out of business on its own......because if they have to step in, the class action lawsuits against the SEC will be material.
I'm not as #$%$-my-pants excited about a 2 buck 'windfall'. But thanks for your concern.
Anything that sucks capital into poor investments helps lower the demand for better ones. So thank you to Carl and his merry band.
Choose what you read more carefully...you are immensely misinformed about "tar". But that's not surprising given the effort being put into the propaganda war. Canada isn't very good at defending itself from BS...that's why the world thinks we;re clubbing baby seals as I write.
America needs energy...lots of it. Reliable, proven, economic energy. Not platitudes, not green BS, not excuses, and not LIkes, Follows or Re-tweets.
But if you want China to get it instead, just keep up the timewasting BS.
(BTW, if you want to retian any semblance of an IQ, quit with the partisan political allusions. It's immature).
That pipeline is an undeniable fait accompli. But Obama not being the President who will eventually approve it is too. Many people have painted Obama with various labels and insults since he came to office ---- many of them over-the-top, some of them even slanderous ----- but his "handling" of this this issue is transparently gutless and self-serving.