CP
CANADIAN PACIFIC RAILWAY LTD. $61 (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 169.4 million; Market cap: $10.3 billion; Price-to-sales ratio: 2.1; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.cpr.ca) transports freight between Montreal and Vancouver. It also connects with major hubs in the U.S. Midwest and Northeast.
In the three months ended March 31, 2011, CP’s …read more »
Canada’s two main railways face many unpredictable challenges, like bad weather and rising fuel costs. However, both have streamlined their operations. That helps them quickly respond to sudden setbacks. Both should continue to benefit as the improving economy pushes up freight volumes. We like both, but prefer CP for new buying.
CANADIAN NATIONAL RAILWAY CO. $73 (Toronto symbol CNR; Conservative Growth …read more »
ENCANA CORP. $33.69 (Toronto symbol ECA; Shares outstanding: 735.3 million; Market cap: $24.9 billion; TSINetwork Rating: Average; Dividend yield: 2.4%; www.encana.com) is paying an undisclosed sum for a 30% stake in a proposed liquefied natural gas (LNG) terminal in Kitimat, B.C.
Pipelines will pump gas from big new discoveries in the Horn River area of northeastern B.C. to the Kitimat terminal, …read more »
CANADIAN PACIFIC RAILWAY LTD. $66.56 (Toronto symbol CP; Shares outstanding: 169.1 million; Market cap: $11.3 billion; TSINetwork Rating: Average; Dividend yield: 1.6%; www.cpr.ca) reports that its earnings rose 18.3% in 2010, to $650.7 million from $550.0 million in 2009. Earnings per share rose 16.7%, to $3.85 from $3.30, on more shares outstanding.
If you exclude unusual items, such as foreign-exchange …read more »
CANADIAN PACIFIC RAILWAY LTD. $66.32 (Toronto symbol CP; Shares outstanding: 169.1 million; Market cap: $11.2 billion; SI Rating: Average; Dividend yield: 1.6%; www.cpr.ca) reported 27.4% higher earnings per share in the three months ended September 30, 2010, to $1.21 from $0.95.
CP’s revenue rose 15.0%, to $1.3 billion from $1.1 billion a year earlier.
The company’s operating ratio improved to …read more »
Railways have been around since the 19th century, and they are still the safest, most energy-efficient way to move goods over land. They also face little competition from new competitors, because of the high cost of building new rail lines.
Canadian Pacific remains our favourite railway for new buying. It has close relationships with major producers of coal, potash and other …read more »
The economic recovery continues to increase CP Rail’s shipments of forest products, coal, potash, grain, steel and cars. This new growth and the company’s aggressive cost cuts almost doubled its earnings in the latest quarter. Ongoing capital spending should help it take even better advantage of rising demand.
CANADIAN PACIFIC RAILWAY LTD. $62.60 (Toronto symbol CP; Shares outstanding: 168.7 million; Market …read more »
TRANSALTA CORP. $20.17 (Toronto symbol TA; Shares outstanding: 218.8 million; Market cap: $4.4 billion; SI Rating: Average; Dividend yield: 5.8%) dropped 5% following the federal government’s June 23 announcement that it plans to phase out coal-fired power plants by around 2025. TransAlta uses coal to generate 57% of its power.
Under the proposals, TransAlta would have to close its coal-fired plants …read more »
Canadian Pacific Railway (symbol CP on Toronto) has long been a cornerstone of the Canadian economy.
CP was incorporated on February 16, 1881. The company began cross-Canada train service after the rail link to the Pacific coast was famously completed with the driving of the “last spike” at Craigellachie, British Columbia, on November 7, 1885.
Prime Minister John A. MacDonald’s government …read more »
CANADIAN PACIFIC RAILWAY LTD. $57.42 (Toronto symbol CP; Shares outstanding: 168.5 million; Market cap: $9.7 billion; SI Rating: Average; Dividend yield: 1.7%) reports that its earnings per share jumped 87.5%, to $0.60 from $0.32, in the three months ended March 31, 2010. These figures exclude one-time items.
The improving North American economy is increasing demand for CP’s rail services. The company …read more »
