Ceres gets OK for terminal rail link for oil, grain shipping

Grain elevator and short-line railway operator Ceres Global (CERGF) says it received approval from U.S. and Canadian federal border agencies to link its Saskatchewan terminal to a rail line operated by Burlington Northern (BRK.A, BRK.B).

The move will allow Ceres to begin construction on the terminal, which will be able to ship 25K bbl/day of light crude and up to 40M bushels/year of grain once it is fully operational.

Ceres plans to ramp up shipments of light crude at the terminal to as much as 70K bbl/day within three years and install a liquefied natural gas pipeline from Saskatchewan refineries.

Comments (5)
  • SASteveg
    , contributor
    Comments (15) | Send Message
    looks like you got the wrong CERE and ticker listed for this news..
    6 Mar 2014, 01:08 PM Reply Like
  • winnwinn
    , contributor
    Comments (2) | Send Message
    you've got the wrong Ceres. The news applies to CRP on Toronto. The name is Ceres Global Ag Corp.
    6 Mar 2014, 01:08 PM Reply Like
  • abujordan
    , contributor
    Comments (169) | Send Message


    Ticker should be $CERGF i believe.
    6 Mar 2014, 01:38 PM Reply Like
  • winnwinn
    , contributor
    Comments (2) | Send Message
    Wrong symbol .Its CRP.to Another co. that's called Ceres Global Ag Corp
    6 Mar 2014, 01:47 PM Reply Like
  • GMOX
    , contributor
    Comment (1) | Send Message
    What an rookie mistake I just bought 15000 worth and you got the wrong ticker? Seeking alpha thanks a lot. Email me if you care!
    6 Mar 2014, 01:55 PM Reply Like
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