Railroads have benefitted from the recent boom in domestic oil production. State statistics show that oil production from the Eagle Ford has increased to over 500,000, compared to less than 1,000 barrels a day in 2009. According to data from the U.S. Energy Information Administration oil delivered to refineries have quadrupled from 2011 to 2012. The current pipeline system is ill-equipped to handle the surge in domestic production, which is at the highest levels seen in two decades. "All of the pipes are pointed in the wrong direction," says Harold York, Principal Oils Markets Analyst of Woods Mackenzie. "We are turning the last 70 years of oil-industry history in North America on its head, and we are turning it on its head in the next 10 to 15 years."
CSX Corporation (NYSE: CSX) shares traded in the range of $25.35 to $25.62 Monday before settling to close at $25.45, an increase of 0.35 percent. The stock appears to be facing some resistance at the $25.59 and $26.22 levels with some support at $25.24. Shares of CSX have gained approximately 29.0 percent in 2013.
More information on CSX and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CSX
Kansas City Southern (NYSE: KSU) shares traded in the range of $107.26 to $108.99 Monday before settling to close at $107.70, a decrease of 0.74 percent. The stock appears to be facing some resistance at the $109.29 and $110.80 levels with some support at $107.66. Shares of Kansas City Southern have gained approximately 29.0 percent in 2013.
More information on Kansas City Southern and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KSU
Norfolk Southern Corp. (NYSE: NSC) shares traded in the range of $74.38 to $75.00 Monday before settling to close at $74.65, an increase of 0.26 percent. The stock appears to be facing some resistance at the $75.37 and $75.99 levels with some support at $74.17. Shares of Norfolk Southern have gained approximately 20.0 percent in 2013.
More information on Norfolk Southern and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NSC
Union Pacific Corporation (NYSE: UNP) shares traded in the range of $156.53 to $158.28 Monday before settling to close at $156.53, a decrease of 0.97 percent. The stock appears to be facing some resistance at the $158.22 and $163.41 levels with some support at $151.48. Shares of Union Pacific have gained approximately 24.5 percent in 2013.
More information on Union Pacific and access to the free equity report can be found at:
www.WallStreetFundamentals.com/UNP
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