Any increase in oil production in Canada has been welcomed news for pipeline companies. However, over the last one to two years, railroad companies’ ears have become increasingly attune to the sound of a drill bit revving up. With recently raised expectations for total Canadian oil production in the years out to 2030, Canadian railroads will likely be handsomely rewarded for infrastructure investments that were made well before this particular industry shift.
Both exports to the U.S. and internal transportation have strong tailwinds for the rail industry, and companies have taken notice. Two railways, in particular, are set up nicely, but Motley Fool analyst Taylor Muckerman prefers one over the other based on an established network advantage. In his view, both make great cases to join investors’ portfolios, so each should be examined carefully before making any purchasing decisions.
Canada’s rail companies are 2 of the best businesses that this country has to offer. For a glimpse at 3 of the best that our neighbors to the south can muster, click here now and download “3 U.S. Stocks That Every Canadian Should Own”. It’s FREE!
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Fool contributor Taylor Muckerman does not own shares of any of the companies mentioned at this time. David Gardner owns shares of CN Rail. The Motley Fool doesn’t own shares in any of the companies mentioned.
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