The Successful Investor Hotline – Friday, October 17, 2014

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $224.99, Toronto symbol CP, recently offered to merge with CSX Corp. (New York symbol CSX), the third-largest railway in the U.S. CSX has rejected the proposal. A merger would help CP ship more crude oil from producers in North Dakota’s Bakken region to refineries in the Midwest and on the U.S. east coast. It would also help CP speed up shipments, because the company would not have to transfer railcars to another railway. The combined firm would be one of North America’s largest railways. However, regulators would have likely blocked the merger or required CP and CSX to sell significant parts of their operations. Still, the prospect of a future deal adds to CP’s long-term appeal. CP Rail is still a buy. CP Rail was recently covered in the November 2014 issue of The Successful Investor. Click here to access it. CP Rail was recently covered in The Successful Investor Hotline for October 3, 2014. Click here to access it. ROYAL…

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