Rio Grande Valley, CFI,CFII
Coal traffic probably won't come back for environmental reasons. And, oil prices is at the mercy of OPEC which keeps the prices down so that there is little incentive for American oil producers to produce oil. Catch-22. When all U.S. oil people go away and all their equipment is rusting, will OPEC then raise prices through the roof?
Got it.
I think he is refering to the amount of coal and oil traffic.
CMStPnP Well judging from the price of UP RR stock looks like Wall Street was impressed with UP RR ability to weather the downturn in Coal and Oil traffic. I hope it is short lived and reverses itself at some point in the not too distant future.
Well judging from the price of UP RR stock looks like Wall Street was impressed with UP RR ability to weather the downturn in Coal and Oil traffic. I hope it is short lived and reverses itself at some point in the not too distant future.
What -- you hope it goes down? What are you getting at?
It is up about $22 from its 52 week low of $67.
They have 15% of their locomotive fleet iin storage per their 1st Quarter Earnings presentation.
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