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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:07 EDTBRK.A, TRP, ENB, KMI, CP, CNICanada, Keystone can learn from Buffett's BNSF railroad, WSJ reports
If you want to get a sense of what's going to happen with Canadian oil amid TransCanada's (TRP) Keystone XL pipeline battle, see Warren Buffett's (BRK.A) latest letter, reports the Wall Street Journal's "Heard on the Street." Buffett writes that his BNSF railroad company now transports 500,000 barrels of oil a day. Much is from the Bakken shale, where production growth has outpaced pipelines. The resulting local glut led the discount between Bakken oil and Brent crude to surge beyond $45 a barrel a year ago (narrowed now to $19). BNSF has driven its trains through that price gap, enabling Bakken producers to get their barrels to customers rather than slow production. Canadian oil producers face a tougher battle. Western Canadian Select is a relatively heavy grade of oil, so it should be cheaper than a lighter benchmark like Brent. But the discount, now $38 a barrel, owes much to transportation bottlenecks. The Canadian Association of Petroleum Producers forecasts production from Western Canada will hit 5.5M barrels a day by 2020, about double 2011's output. The bottom line: If Keystone doesn't get built, those ambitions will likely have to be scaled back. Reference Link
News For A;TRP;ENB;KMI;CP;CNI From The Last 14 Days
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October 29, 2014
07:22 EDTTRPTransCanada CEO sees Energy East as alternate route for Gulf access, WSJ reports
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October 27, 2014
18:38 EDTAS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
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16:22 EDTCNICanadian National plans to buy back 5.18M shares through private agreements
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07:30 EDTENBInternational Economic Forum of the Americas to hold a forum
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October 24, 2014
18:03 EDTTRPTransCanada says EA certificate issued for Coastal GasLink Pipeline project
TransCanada announced that the B.C. Environmental Assessment Office has issued an Environmental Assessment Certificate for the Coastal GasLink Pipeline Project. As anticipated, the certificate was issued with a number of conditions resulting from the assessment by the EAO of environmental, social, economic, heritage and health components deemed pertinent to the project. The Environmental Assessment Certificate for the Coastal GasLink Pipeline Project contains 32 conditions, the majority of which reflect current best practices for natural gas pipeline construction and operation. They also include conditions adopted to address project-specific concerns, as raised by Aboriginal groups, local communities and resource management agencies. TransCanada has also submitted applications to the B.C. Oil and Gas Commission for the permits required under Section 25 of the Oil and Gas Activities Act to build and operate the Coastal GasLink pipeline. Regulatory review of those applications is progressing on schedule, with permit decisions anticipated in the first quarter of 2015. Next steps for the proposed project include detailed engineering and construction planning, as well as ongoing consultation with Aboriginal groups and the public. Pending the receipt of all required regulatory approvals and a positive final investment decision from LNG Canada, the start of pipeline construction is anticipated in 2016, with an in-service date by the end of the decade.
October 21, 2014
16:25 EDTCNICanadian National announces new 28M share repurchase program
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16:23 EDTCNICanadian National maintains FY14 outlook issued on July 21
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16:22 EDTCNICanadian National reports Q3 carloads up 11%
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16:21 EDTCNICanadian National reports Q3 EPS C$1.04, consensus C$1.05
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16:15 EDTCNICanadian National announces new 28M share repurchase program
CN announced that its board has approved a new share repurchase program. CN believes that the repurchase of its shares represents an appropriate and beneficial use of the company's funds. CN's board authorized a new normal-course-issuer bid to purchase, for cancellation, up to 28M common shares, representing 3.9% of the 709.3M common shares issued and outstanding of the company not held by insiders on Oct. 15.
13:27 EDTCPCSX comes off intraday high after CP says done exploring merger
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12:54 EDTENB, TRPTransCanada delays seeking approval for $11B Energy East line, Bloomberg says
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11:49 EDTCPCanadian Pacific concerned about 'fragile' state of Chicago
Canadian Pacific says Chicago is the number one concern.
11:16 EDTCPCanadian Pacific says foreign exchange is a headwind on expense front
Sees seasonal uptick on car maintenance in Q4.
11:13 EDTCPCanadian Pacific sees positive trends in grain sector
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07:38 EDTCPCanadian Pacific reports Q3 EPS C$2.31, consensus C$2.39
Reports Q revenue C$1.67B, consensus C$1.70B.
October 20, 2014
12:16 EDTCP, CNICanadian Pacific still interested in consolidation, says UBS
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09:22 EDTCPOn The Fly: Pre-market Movers
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07:10 EDTAAmerican Society of Human Genetics to hold annual meeting
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07:02 EDTCPCanadian Pacific confirms termination of exploratory talks with CSX
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