Profit from shale oil with CP

Article Excerpt

CANADIAN PACIFIC RAILWAY $75.47 (Toronto symbol CP; Shares outstanding: 170.9 million; Market cap: $12.9 billion; TSINetwork Rating: Average; Dividend yield: 1.6%; www.cpr.ca) continues to expand its rail network in the Bakken area, which could contain more than 500 billion barrels of oil. This region covers parts of Montana, North Dakota and Saskatchewan. Texas-based U.S. Development Group LLC is almost finished building a new hub in North Dakota to handle Bakken’s rising production. This hub will transfer oil from trucks to trains, which will then ship it to market. CP is the only railway that will connect to this hub. That puts it in a great position to profit as shale oil and gas production continues to increase: the company expects its shipments from Bakken to jump to 125,000 barrels a day from 23,000 in 2011. CP Rail is still a buy. buy…

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