Market Currents
CSX management guidance for a 5%-10% decline in thermal coal volumes in 2013 prompts RBC to...
-
Thursday, January 24, 4:52 PM ETCSX management guidance for a 5%-10% decline in thermal coal volumes in 2013 prompts RBC to predict the bottom of the coal market. In upgrading CSX shares to Outperform, RBC argues that the significantly low multiples at which the Eastern rails have been trading are poised to revert to more normalized levels. BMO also sees a brighter outlook for CSX on abating coal headwinds.
Other date
Latest Energy & Materials Articles
This news story has 2 comments:
One far reaching possibility is that Warren Buffett has control of West coast shipments BUT is dangerously low when it comes to East coast rail. ANother positive - forget the coal, think of Oil Shale, think of carrying Oil shipments,
The importance of safety on the rail is foremost in any shippers mind, and CSX has great safety records.
I feel CSX will buy or lease many tankers for carrying oil and other chemicals. Think positive and watch!