On Monday, Kansas City Southern (NYSE:KSU)’s shares declined -1.10% to $93.12.
Kansas City Southern (KSU) has declared that its U.S. partner, The Kansas City Southern Railway Company (KCSR), has reached a contract with Sasol Chemicals (USA) LLC (Sasol) for the construction and long-term lease of a storage-in-transit (SIT) rail yard to support Sasol’s new ethane cracker and derivatives project in Lake Charles, La. In addition to building the SIT yard for lease to Sasol, KCSR will replace and expand its existing rail car classification yard in Mossville, La.
In October 2014, Sasol declared a final investment decision on an $8.1 billion ethane cracker and derivatives complex in Louisiana. At the heart of the project is an ethane cracker that will produce 1.5 million tons of ethylene annually, benefitting from noteworthy economies of scale. The complex also comprises six chemical manufacturing plants. An additional $800 million will be invested in infrastructure and utility improvements, in addition to land acquisition, to establish the Lakes Charles location as an integrated, multi-asset site that will enable growth for decades to come. Construction is underway, and the company anticipates that the facility will achieve beneficial operation in 2018.
Kansas City Southern, through its auxiliaries, engages in the freight rail transportation business. It operates north/south rail route between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas in the midwest and southeast regions of the United States. The company also operates direct rail passageway between Mexico City and Laredo, Texas serving various Mexico’s industrial cities and three of its seaports; a 157-mile rail line extending from Laredo, Texas to the port city of Corpus Christi, Texas; and The Kansas City Southern Railway Company rail line between Meridian, Mississippi and Shreveport, Louisiana, in addition to owns the northern half of the rail bridge at Laredo, Texas.
Goodrich Petroleum Corporation (NYSE:GDP)’s shares dropped -5.42% to $2.62.
Goodrich Petroleum Corporation (GDP) has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock, with dividends to be paid on June 15, 2015 to stockholders of record as of June 1, 2015.
In addition, the Board has also declared a quarterly cash dividend of $0.625 per depositary share on its 10.00% Series C Cumulative Preferred Stock, and a quarterly cash dividend of $0.609375 per depositary share on its 9.75% Series D Cumulative Preferred Stock to be paid on June 15, 2015 to stockholders of record as of June 12, 2015.
Goodrich Petroleum Corporation is an independent oil and natural gas exploration and production company whose common stock is listed on the New York Stock Exchange under the symbol GDP.
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. The company holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas.
At the end of Monday’s trade, Canadian National Railway (USA) (NYSE:CNI)‘s shares dipped -1.91% to $57.98.
Canadian National Railway (USA) (CNI) and Golf Canada announced the continuation of CN’s school adoption program this year in Kamloops as an extension of their dedication to junior golf through the CN Future Links Community Tour.
Close to 50 students from both Sk’elep School of Excellence and Pinantan Lake Elementary celebrated with a CN Future Links Field Trip event on Friday, June 5th at Mount Paul Golf Course in honour of CN’s recent adoption of 15 local schools in the Kamloops region. Students received lessons in safety, putting, driving and chipping from Head Professional, Danny Latten.
As part of CN’s focus towards safety, each of the 15 adopted schools will receive an all-encompassing rail safety demonstration from CN’s partner, Operation Lifesaver, a national organization dedicated to keeping Canadian kids and the public safe around all rail tracks.
Canadian National Railway Company, together with its auxiliaries, engages in rail and related transportation business in North America. It offers transportation services that comprise rail, intermodal container, and trucking services; and supply chain solutions, counting warehousing and distribution, cargoflo, logistics parks, freight forwarding, customs brokerage service, industrial development, and marine services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
