In North Dakota, Dakota Plains Holdings Inc. and Hiland Crude L.L.C. have executed an interconnection agreement that will link Dakota Plains' Pioneer Rail Terminal in New Town with Hiland's crude-oil pipeline network.
Construction on the final pipeline link is under way and expected to be commissioned by October's end. Hiland's network is the largest in the Bakken Shale, traversing portions of North Dakota and Montana, Dakota Plains and Hiland officials said in a press release.
The connection to the Pioneer Rail Terminal — which is served by Canadian Pacific and launched unit-train operations in February — is expected to generate an initial capacity of over 15,000 barrels per day. Capacity eventually could be expanded to about 60,000 barrels per day, Dakota Plains and Hiland officials said.
One thing that is not receiving enough mention is the increase in industrial usage here in the south. The increase in steel processing by electric arc furnaces should add to the revenue in the year ahead, besides all of the new automobile plants and subassembly plants are going to increase the demand in 2015.. FYI I have been in the stock since 2005 at about $35 a share and kick myself because I did not buy at $28 a share in 2008.
What about the cost of doing a stock split? Do you think that there are no costs? I was involved in using the Jack Henry software that maintains records on shareholders for a company - it costs to do stock splits, a small split might cost $100,000, and the costs increases exponentially for larger splits.
Note: He says that he is not short, but he does not say if he is a shareholder. FYI I am a shareholder and have been for a year.
Amended -The whole thing is in the hands of the shaky Panamanian government. It could also cause some big bottlenecks because the *train* traffic patterns will really change. *Norfolk Southern has been looking into reactivating some branch lines that they ook out of service to handle more traffic through Florida ports.*
You have not looked up the weekly carload data, have you? Crude is not that latge of percantage, is it? And there has always been a need for shipping by tank car or barge because not all by products can go through the pipeline, besides inbound supplies like pipe and drilling mud. There are also some fields that do not justify pipelines, the fields in Warren and Barren county, Kentucky are good examples.
If I was greedy there are more risky investments.
You will see that the minimum required distributions will eat some some good sized chunks quickly. I have moved some of the income producers to Roths. My wife still gets some income from her clothing design business so we max out what we can into our Roths.
If you need retirement income, rather than buy an annuity, buy CSX bonds. The only problem is that the interest payments are not quarterly, but semi-annually so you will need to at least split your money with other bonds to stagger your interest income.
1The fool says in his heart,
“There is no God.”
They are corrupt, their deeds are vile;
there is no one who does good.
2The Lord looks down from heaven
on all mankind
to see if there are any who understand,
any who seek God.
3All have turned away, all have become corrupt;
there is no one who does good,
not even one.
4Do all these evildoers know nothing?
They devour my people as though eating bread;
they never call on the Lord.
5But there they are, overwhelmed with dread,
for God is present in the company of the righteous.
6You evildoers frustrate the plans of the poor,
but the Lord is their refuge.
The word "Fool" (Hebrew = naw -bal') also translates immoral.
TORONTO, Aug 15 (Reuters) - More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.
Across the continent's seven largest operators, trains ran almost 8 percent slower on average and sat idle at key terminals for nearly three hours longer in the second quarter than a year earlier, data from the main railroads, known as Class 1, show.
While Canada's rail operators have nearly recovered, many U.S. operators lag far behind.
The concerns are sharpest in the U.S. Farm Belt, with lawmakers fearful that the biggest crops on record may be slow to reach markets or could even rot.
Rail logjams contributed to the economic slowdown early in the year, rippling across corporate America and affecting everything from car makers to ethanol producers.
Many experts blame an incomplete recovery from last winter's freight backlogs, coupled with record crops and rising competition with crude oil tankers for track space amid an economic recovery.
"It's like a sinking ship - you're bailing out at one end, but it's coming in the other end just as fast, if not faster," said Citigroup Global Markets transportation analyst Christian Wetherbee.
Performance fell behind as loads grew: between April and June, U.S. rail carload volumes grew 5.4 percent and intermodal traffic, which include shipments partly by rail, rose 8 percent, Association of American Railroads (AAR) data shows.
At the same time, the industry is producing "tremendous" margins, profit and cash flow, with some companies setting records, said rail analyst Tony Hatch.
Were you ever part of sa joint military unit with Canadians? I was part of a USAF/RCAF intelligence unit. I have so much respect for the people of that country and you are so full on contempt.
Do you know that a theological debate at the Catholic Church Council at Carthage in the year 415 led to divide in the economics of England from the rest of Europe? Augustine, a north African Bishop and an expert on the Old Testament and the Apostle Paul, who taught that God choses who goes to Heaven, debated a semiliterate Monk from England, named Pelagius, who believed the teaching of the Old Testament was not relevant to a Christian. and that God does not care who goes to heaven. Lutherans, Calvinists and the existing Roman Catholic all teach that everything belongs to God and excessive interest rates and taxes are contrary to the Bible. Pelagians, also know as Arminians and Wesleyans believe that excessive taxes and interest are allowable.
Does it not make sense that a higher bookvalue adds to the share price? Maybe not the next day, but I really don't care about the next day. This stock will be left for my children and grandchildren.