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Canadian Pacific sidetracks arrange for Powder Basin extension
CALGARY - Canadian Pacific Railway Ltd. is shunting aside plans to extend its network right into a coal producing region from the western Usa due to poor market conditions,[url=http://duveticatrenchcoat.webmium.com/][b]デュベティカサイズ選び[/b][/url].
The Calgary-based company (TSX:CP) said Monday its decision is "based on continued deterioration looking for domestic thermal coal,[url=http://duveticadownjackets.webmium.com/][b]duvetica down jackets sale[/b][/url], including a clear,[url=http://monclerjassendamesonline.albirank.net/][b]http://monclerjassendamesonline.albirank.net/[/b][/url], crisp deterioration in 2012."
Marin Katusa,[url=http://duveticajacketsmenjp.albirank.net/][b]ダウンジャケットレディース[/b][/url], chief energy investment strategist at Casey Research, says the railway does the right thing by scrapping the Powder River Basin plans.
"We've been bearish on United states thermal coal for more than 2 yrs,[url=http://duveticaonline.halod.com/][b]デュベティカダウンジャケット[/b][/url]," Katusa said. "It's better to go ahead and take accounting writedown today than a multi-quarter operating loss."
CP acquired the possibility to build a 420-kilometre extension for everyone coal mines within the Powder River Basin,[url=http://discount2013duveticajackets.webmium.com/][b]デュベティカ激安[/b][/url], which underlies parts of Montana and Wyoming, when it bought the Dakota Minnesota Eastern railway in 2007.
As gas prices have fallen amid ever-increasing volumes flowing out of shale rock formations through the Usa and Canada,[url=http://duveticaonline.halod.com/][b]デュベティカ店舗[/b][/url], coal has lost some of its advantage like a relatively cheap fuel for power plants.
As well as the cost factor, there are also environmental benefits to making the switch as natural gas emits only a fraction from the co2 when burned as coal does. Many governments want to supplant coal-fired power with cleaner sources, and natural gas is among the more prominent options.
"It's now being a green energy,[url=http://duveticaonline.halod.com/][b]デュベティカアウトレット[/b][/url]," said Katusa,[url=http://duveticacoats.webmium.com/][b]デュベティカ激安[/b][/url], adding that players for example ExxonMobil Corp. are earning big investments in natural gas as part of their long term strategy.
Canadian Pacific remains a major shipper of metallurgical coal,[url=http://duveticajacketsmenonsalejp.halod.com/][b]ダウンジャケットレディース[/b][/url], utilized in the production of steel,[url=http://duveticajacketsmenonsalejp.halod.com/][b]デュベチカ通販[/b][/url], via a contract with Teck Resources Ltd. to Vancouver for export.
The railway is set to host a trader conference on Tuesday and Wednesday, where new CEO Hunter Harrison will unveil his long-awaited intend to raise the company's operations.
Harrison became CEO of Canadian Pacific this summer after an activist New York-based hedge fund run by Bill Ackman agitated to oust CP president and CEO Fred Green in a bitter proxy battle,[url=http://duveticashoponline.webmium.com/][b]デュベティカ取扱店[/b][/url].
Canadian Pacific shares fell $1,[url=http://duveticajacketsshopjp.gengfl.com/][b]ダウンジャケットメンズ[/b][/url].40 to $91,[url=http://duveticajacketsjp.gengfl.com/][b]ダウンジャケットメンズ[/b][/url].30 in Monday afternoon trading on the Toronto Stock market,[url=http://parajumpersjakkernorgejacketkodiak.olimx.com/][b]http://parajumpersjakkernorgejacketkodiak.olimx.com/[/b][/url].
The Monday, January 14, 2013 edition of Global National Mandarin, hosted by Frank Qi
Mon,[url=http://duveticatrenchcoat.webmium.com/][b]デュベティカ専売店[/b][/url], Jan 14: It's been nearly one month since a tugboat made its way to Halifax in the center of a powerful storm system in the north Atlantic. Four weeks later a crew of eight Honduran sailors remain stranded here after their boat was detained. Global's Natasha Pace reports.
Mon,[url=http://discountduveticajackets.webmium.com/][b]デュベティカ激安[/b][/url], Jan 14 : It is a major development for health care in Calgary. Monday marks the opening of a new er at the South Calgary Hospital. Here's Heather Yourex about the impact the hospital has across the city.
Your daily economic and financial headlines,[url=http://discountduveticajackets.webmium.com/][b]デュベティカダウンジャケット[/b][/url].
The Monday, January 14,[url=http://duveticajacketsmenjp.albirank.net/][b]デュベティカアウトレット[/b][/url], 2013 edition of Global National with Dawna Friesen
It had been a golden night for stars like Ben Affleck and Lena Dunham in the Beverly Hilton Hotel for that 70th annual Golden Globes and the only thing shining brighter than those trophies were all the dresses and diamonds,[url=http://duveticaonline.halod.com/][b]デュベティカ激安[/b][/url]!
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