This web page requires a JavaScript enabled browser.
OKthePK.ca
 
 

 Home
 
2008


 
3 June 2008

Rising Coal Prices Should Boost CP Rail Earnings

Expect Canadian Pacific Railway Ltd. to benefit from the rise in coal prices starting in fiscal 2009, says Canaccord Adams analyst Tom O. Varesh.
 
He told clients in a note that CP's coal revenue per carload will increase by 40% next year, resulting in a bump to overall 2009 earnings from $5.32 to $6.07 per share.
 
Mr. Varesh's 2008 EPS, meanwhile, falls from $4.52 to $4.39, due to increasing WTI prices and crack spreads.
 
The analyst increased his price target from $80 to $91 his left his "buy" recommendation unchanged.
 
 
http://www.okthepk.ca     Victoria British Columbia Canada