Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian National Railway Company    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY (CNR)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

CN Railway moved 50 percent more crude in third-quarter to date: CFO

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/12/2018 | 10:22pm CET
FILE PHOTO: Rail cars including crude tankers are seen at the Canadian Nationals (CN) Thornton Railroad Yards in Surrey

MONTREAL (Reuters) - Canadian National Railway Co has moved 50 percent more crude oil by rail during the third quarter to date, compared with the same period a year earlier, and the company sees further growth, CN's chief financial officer said on Wednesday.

Ghislain Houle, CFO of Canada's largest railroad, told the Morgan Stanley Laguna conference that CN is locking in customers with multiyear contracts "at very favorable" rates.

"If you look at crude by rail in right now quarter-to-date in Q3, we're up 50 percent versus last year," Houle said, noting that it is on a revenue per ton mile (RTM) basis.

"There's more demand than actually what we're providing today, but we're being prudent," he said.

Houle said the Trans Mountain pipeline decision has "added years to crude by rail," a reference to a Canadian court's recent decision to overturn approval of the project's expansion.

The Trans Mountain expansion would have nearly tripled capacity on an existing line from Edmonton, Alberta, to a port in the Vancouver area for export. It was approved by the federal government in 2016.

Reuters reported last week that Canadian oil producer Cenovus Energy, signed a deal to move more crude with CN.

(Reporting By Allison Lampert; Editing by Marguerita Choy)

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATIONAL RAILWAY COMPANY 0.42% 112.8 Delayed Quote.8.83%
CENOVUS ENERGY INC -2.47% 10.67 Delayed Quote.-7.06%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CANADIAN NATIONAL RAILWAY
11/14CANADIAN NATIONAL RAILWAY : CN Rail lays off some non-unionized workers in wake ..
AQ
11/12Oil pucks and pellets; Canada eyes new ways to move stranded crude
RE
11/11Oil pucks and pellets; Canada eyes new ways to move stranded crude
RE
11/06CANADIAN NATIONAL RAILWAY : NOV 06, 2018Ghislain Houle, CN executive vice-presid..
PU
11/06Ghislain Houle, CN executive vice-president and chief financial officer, to a..
GL
11/01CANADIAN NATIONAL RAILWAY : OCT 31, 2018CN announces US$650-million debt offerin..
PU
11/01Cenovus eyes option for further expansion of crude-by-rail deals
RE
10/31CANADIAN NATIONAL RAILWAY : CN announces US$650-million debt offering
AQ
10/31CANADIAN NATIONAL RAILWAY : CN expands its North American intermodal supply chai..
AQ
10/30CANADIAN NATIONAL RAILWAY : CN Rail buying trucking company TransX, terms of the..
AQ
More news
News from SeekingAlpha
11/05CANADIAN OIL PLAYS : The Fix Is On The Way In 
10/29CN RAIL : Capacity Investments Should Lead To Strong Business Growth 
10/25Canadian National Railway Is Driving The North American Economy 
10/25CANADIAN PACIFIC RAILWAY : Is Its Recent Share Price Weakness A Compelling Buyin.. 
10/23Canadian National Railway Co. (CNI) CEO JJ Ruest on Q3 2018 Results - Earning.. 
Financials (CAD)
Sales 2018 14 319 M
EBIT 2018 5 507 M
Net income 2018 4 104 M
Debt 2018 11 798 M
Yield 2018 1,62%
P/E ratio 2018 20,37
P/E ratio 2019 18,36
EV / Sales 2018 6,58x
EV / Sales 2019 6,12x
Capitalization 82 392 M
Chart CANADIAN NATIONAL RAILWAY COMPANY
Duration : Period :
Canadian National Railway Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CANADIAN NATIONAL RAILWAY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 116  CAD
Spread / Average Target 2,5%
EPS Revisions
Managers
NameTitle
Jean-Jacques Ruest President, Chief Executive Officer & Director
Robert L. Pace Chairman
Michael A. Cory Chief Operating Officer & Executive Vice President
Ghislain Houle Chief Financial Officer & Executive Vice President
Serge Leduc Senior VP-Chief Information & Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
CANADIAN NATIONAL RAILWAY COMPANY8.83%62 618
UNION PACIFIC12.92%111 565
CSX CORPORATION31.29%61 313
NORFOLK SOUTHERN CORPORATION19.31%46 857
CANADIAN PACIFIC RAILWAY LIMITED20.19%29 900
DSV5.49%14 824