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Enterprise Products Partners L.P. Message Board

unclelarry66 122 posts  |  Last Activity: Jan 27, 2015 8:43 AM Member since: Feb 28, 2008
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  • unclelarry66 unclelarry66 Jan 27, 2015 8:43 AM Flag

    Dirt - it is FLAT across Iowa and Nebraska with a gentle rise through most of Wyoming. I used to ride it from Denver to Laramie.

  • The only railroad that you can use for comparison to CSX is Norfolk Southern. Despite the problems the UP has getting through the Rockies, it has over a thousand miles of straight flat running and is significantly larger than the eastern railroads. CSX and NS are nearly the same size and similar running conditions. Both have much almost but not quite redundant track.
    On the CSX map, plot the best route to move traffic from Nashville to Jacksonville. That is hard to do; there are 5 routes that are very similar.

  • Reply to

    Beat on increased frieght prices?

    by jkprice Jan 22, 2015 12:35 PM
    unclelarry66 unclelarry66 Jan 22, 2015 3:12 PM Flag

    Go back and listen again to the CC, Just because you think does not make it true.

  • unclelarry66 by unclelarry66 Jan 22, 2015 10:00 AM Flag

    For those of you who missed this morning's conference call, UNP had a very good quarter, driven in part by increased shipments of sugar beets and beer. Having Coors as a customer must be good for business.

  • unclelarry66 unclelarry66 Jan 21, 2015 3:40 PM Flag

    Do you even look at the weekly carload report?

  • Reply to

    Asphalt question. Here is one for the pros.

    by unclelarry66 Jan 17, 2015 9:33 AM
    unclelarry66 unclelarry66 Jan 21, 2015 8:05 AM Flag

    nolij - Thanks. I found out about a similar deposit in Kentucky, but with sandstone,which, would be a better material for making roads than limestone.

  • unclelarry66 unclelarry66 Jan 19, 2015 9:44 AM Flag

    Correction - several plants will be needed Google Bakken oil field CP rail map

  • unclelarry66 unclelarry66 Jan 18, 2015 10:25 PM Flag

    A fractionator plant will be required. This would apply heat and vacuum to crude oil to suck out the gases (methane, possibly ethane, butane and propane). This would be a partial oil refinery and cost millions of dollars and a couple of years to build.

  • Reply to

    Lac Megantic settlement

    by unclelarry66 Jan 12, 2015 12:06 PM
    unclelarry66 unclelarry66 Jan 18, 2015 10:13 PM Flag

    The EPA would give such heavy fines for emitting all that methane...

  • Reply to

    I do not care about operating ratio

    by unclelarry66 Jan 15, 2015 11:26 AM
    unclelarry66 unclelarry66 Jan 17, 2015 9:55 AM Flag

    CSX does need more powerful, fuel efficient locomotives. If only the EPA would stop interfering with the production of locomotives. How many different horsepower configurations is GE making that is tier 4 - one? and EMD is zero? There is still a market for 4 axle and 6 axle 2,000 HP road switchers, but there is no NEW engine that is tier 4. Yesterday I watched a 4,000 engine hauling 2 boxcars.

  • The crude that is coming from fracking, from what I understand, is much lower in the long chain hydrocarbons that are used for making asphalt. With the lower margins per gallon of crude, has the production from conventional wells cut back to the point that there is a possibility of a shortage in the heavier hydrocarbons that are used for asphalt?

    Are we relying more and more on the crude from Venezuela and Canada for this important product?

    Could this whole market change in the near future?

  • I care about return on assets and return on equity.
    Trying to compare the OR between 2 railroads is foolish, especially if the railroads are in different countries with different accounting standards.

  • Reply to

    Lac Megantic settlement

    by unclelarry66 Jan 12, 2015 12:06 PM
    unclelarry66 unclelarry66 Jan 15, 2015 11:14 AM Flag

    CP is the point of origination of the crude. CP did not collect the information on the volatility (flash point) of the oil and did not notify the MM&A of the danger of the product that was being carried. This is standard operating procedure on carrying all hazardous materials when there is a railroad interchange. However the fault was not all CP's because it was not tested before being transferred to the tank cars. Also the crude becomes more and more dangerous as it is hauled.
    Consider a bottle filled with Coca-Cola; the carbon dioxide gas in it stays in the coke under pressure until the cap is popped and it fizzes out. The Bakken oil crude is full of methane and ethane gases while underground and pressurized, when it is transferred to a tank car the pressure is reduced and it starts fizzing out the same way into the dome of the car. Results - it is far more explosive than regular crude without the gases in the the dome.

  • MIDNIGHT TRADER 4:55 PM ET 1/13/2015
    04:55 PM EST, 01/13/2015 (MT Newswires) -- Company Name: CSX CORP Quarter: FQ -2014 - Q4, 2014-12

    Operating Metric
    ---------------------------------------------------------------------------
    Estimated Locomotive Fuel Consumption
    --- Actual: 128.2, Est: 123.2, Surprise (vs. consensus): -4.05%

    Intersegment revenue-Other
    --- Actual: 82.0, Est: 91.7, Surprise (vs. consensus): -10.60%

    Revenue per unit
    --- Actual: 1811.0, Est: 1819.5, Surprise (vs. consensus): -0.47%

    Revenue per unit-Intermodal
    --- Actual: 665.0, Est: 662.2, Surprise (vs. consensus): 0.42%

    Revenue per unit-Rail-Automotive
    --- Actual: 2737.0, Est: 2829.8, Surprise (vs. consensus): -3.28%

    Revenue per unit-Rail-Merchandise
    --- Actual: 2585.0, Est: 2632.7, Surprise (vs. consensus): -1.81%

    Revenue per unit-Rail-Merchandise-Agricultural Products --- Actual: 2736.0, Est: 2716.0, Surprise (vs. consensus): 0.74%

    Revenue per unit-Rail-Merchandise-Chemicals
    --- Actual: 3468.0, Est: 3507.7, Surprise (vs. consensus): -1.13%

    Revenue per unit-Rail-Merchandise-Food and Consumer --- Actual: 2870.0, Est: 2845.2, Surprise (vs. consensus): 0.87%

    Revenue per unit-Rail-Merchandise-Forest Products
    --- Actual: 2675.0, Est: 2703.6, Surprise (vs. consensus): -1.06%

    Revenue per unit-Rail-Merchandise-Metals
    --- Actual: 2561.0, Est: 2574.6, Surprise (vs. consensus): -0.53%

    Revenue per unit-Rail-Merchandise-Phosphates and Fertilizers --- Actual: 1646.0, Est: 1612.0, Surprise (vs. consensus): 2.11%

    Revenue per unit-Rail-Total Coal
    --- Actual: 2256.0, Est: 2247.8, Surprise (vs. consensus): 0.37%

    Revenue-Intermodal

    --- Actual: 465.0, Est: 463.4, Surprise (vs. consensus): 0.34%

    Revenue-Total Coal
    --- Actual: 722.0, Est: 701.4, Surprise (vs. consensus): 2.94%

    Revenue-Total Merchandise
    --- Actual: 1923.0, Est: 1927.2, Surprise (vs. consensus): -0.22%

    Revenue-Total Merchandise-Agricultural Products
    --- Actual: 301.0, Est: 297.7, Surprise (vs. con

  • Reply to

    Time to start a short position on CSX?

    by jondeerecowboy Jan 8, 2015 9:10 PM
    unclelarry66 unclelarry66 Jan 12, 2015 12:12 PM Flag

    You should have shorted at 36. You might make 50 cents on a short now.

  • unclelarry66 by unclelarry66 Jan 12, 2015 12:06 PM Flag

    Google the following - Lobster did not tell the whole truth

    Lac-M├ęgantic rail disaster: $200M proposed settlement reached

  • Reply to

    disappointed

    by frank.goudreau5 Jan 9, 2015 1:43 PM
    unclelarry66 unclelarry66 Jan 9, 2015 3:53 PM Flag

    Put him on Ignore.

  • Reply to

    I said this would happen and was ridiculed

    by mktplyr517 Jan 6, 2015 5:15 PM
    unclelarry66 unclelarry66 Jan 8, 2015 11:59 AM Flag

    The current government might try to put a tariff on imported oil, which could cause some nasty repercussions at the World Trade Organization.

  • Reply to

    Will see $75 before all set and Done!

    by justeastern Dec 8, 2014 12:53 PM
    unclelarry66 unclelarry66 Jan 8, 2015 11:51 AM Flag

    I thought that the UP was supposed to be picking up some of the traffic moving Bakken oil to refineries in California. That should be good for a few trains a week.

  • Subj: CSX Express - Customers Invest More Than $3.5 Billion on CSX Network in 2014

    JACKSONVILLE, Fla. - January 5, 2014 - In 2014, CSX and its customers worked together on 107 projects to build or expand facilities on CSX's network and short line partners. CSX customers invested more than $3.5 billion in these projects, which are expected to generate nearly 5,800 new jobs in local communities and approximately 161,000 annual carloads of new business for CSX.

    "In 2014, the bulk of customer investments along our network involved expanding and improving infrastructure for the energy sector. Low natural gas prices are also fueling more downstream projects in the chemicals and fertilizer arena, as well as other manufacturing industries," said Clark Robertson, assistant vice president - regional development. "We've seen investments from both domestic and multinational companies along our rail network, in part due to the CSX network's ability to reach nearly two-thirds of American consumers. We see strong indicators that this robust activity will continue into 2015."

    Over the past decade, CSX customers invested more than $30 billion in rail-served facilities, creating more than 36,000 jobs across the company's 23-state network.

    "State and local economic development agencies also play a pivotal role in supporting economic opportunities for new manufacturing facilities," Robertson said. "We appreciate their assistance in helping our customers access our 21,000 mile rail network and the benefits that freight rail provides, including improving their environmental footprint and helping to reduce wear and tear on public roads."

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