CP Repurchasing 21,365,000 shares ($4B)

[TOM4CWB]

I see this at CPrail:

"Canadian Pacific Railway Limited renews share repurchase program

News March 16, 2015 /Calgary, AB

​​​​​​​​​​Canadian Pacific Railway Limited (TSX/NYSE: CP) announces that the Toronto Stock Exchange (TSX) has accepted CP's notice to implement a normal course issuer bid (NCIB) to purchase, for cancellation, up to 9,140,000 common shares or approximately 6% of CP’s “public float”, as at March 6, 2015. The NCIB is scheduled to commence on March 18, 2015 and is due to terminate no later than March 17, 2016.

Purchases of CP common shares under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange (NYSE) and alternative trading platforms by means of open market transactions or by such other means as may be permitted by the TSX and under applicable securities laws, including by private agreement pursuant to issuer bid exemption orders issued by applicable ​securities regulatory authorities. The price CP will pay for any common shares will be the market price at the time of purchase or such other price as may be permitted by the TSX. Any private purchase made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market price.

As of March 6, 2015, CP had 164,225,864 common shares issued and outstanding. Subject to certain exceptions to make block purchases, CP will not acquire through the facilities of the TSX more than 98,850 common shares during a trading day, being 25 percent of the average daily trading volume of CP common shares on the TSX for the six calendar months prior to the date of approval of the bid by the TSX.

The actual number of common shares that will be repurchased under the NCIB, and the timing of any such purchases, will be determined by CP, subject to the limits imposed by the TSX. There cannot be any assurances as to how many common shares, if any, will ultimately be acquired by CP.

CP has completed the purchase of shares under its current share repurchase program, with 12,650,862 shares purchased at a weighted average price of $203.84. [2.49212e 9 or $B]

CP believes that the purchase of its shares from time to time is an appropriate and advantageous use of the Corporation’s funds"

Soooooo CP has taken $2.49B out of company value... which is a direct cross transfer from... sale of assets etc???

Plus they plan to extract another 9140000 shares... at say $200/share= 1.8B

$4B from our assets... as a Canadian community. In exchange for... what exactly???... If the BOD of CP claims service has been better for grain growers... I would not like to be around to see it when Hunter is done with us!

What a way to run a railroad CNCP!

<a href="http://s142.photobucket.com/user/tom4cwb/media/CP%20Add%20Congratulating%20Hunter_zpsfnrde6ei.jpg .html" target="_blank"><img src="http://i142.photobucket.com/albums/r113/tom4cwb/CP%20Add%20Congratulating%20Hunter_zpsfnrde6ei.jpg " border="0" alt="CP Board of Directors Congrats photo CP Add Congratulating Hunter_zpsfnrde6ei.jpg"/></a>

http://www.cpr.ca/en/cprl-renews-share-repurchase-program

[bgmb]

Fantastic, that should make my shares worth even more. Sitting at a 487% return right now.

[TOM4CWB]

Now let me get this straight... CPR is borrowing money ($700m in the latest run)... to force UP its share value... besides cashing in assets... and shorting grain growers in western Canada!

What a way to run a railway!

"Canadian Pacific announces US$700 million debt offering

See all news January 28, 2015 /Calgary, AB
​​​​​​​​Canadian Pacific Railway Limited (TSX:CP)(NYSE:CP) announced that its wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing:
US$700 million of 2.900% Notes due 2025


The transaction is expected to close on February 2, 2015, subject to customary closing conditions.

The offering is being made in the United States under the base shelf prospectus dated July 11, 2013 and the prospectus supplement dated January 28, 2015. The net proceeds from this offering will be used for general corporate purposes, including reducing short term indebtedness, which indebtedness was used to fund capital investments and share repurchases under our normal course issuer bid.

The joint book-running managers of the debt offering are Morgan Stanley, BofA Merrill Lynch, HSBC, J.P. Morgan, Citigroup, RBC Capital Markets and Wells Fargo Securities.

A copy of the prospectus supplement and the accompanying prospectus for the offering may be obtained by contacting Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attn: Prospectus Department, 222 Broadway, 11th Floor, New York, NY 10038, telephone: 1-800-294-1322, e-mail: dg.prospectus_requests@baml.com, HSBC Securities (USA) Inc., Attn: Transaction Management Group, 452 Fifth Avenue, New York, NY, 10018, telephone: 1-866-811-8049 and J.P. Morgan Securities LLC, Attn: Investment Grade Syndicate Desk, 383 Madison Ave, New York, NY 10179, telephone: 212-834-4533.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Note on forward-looking information

This news release contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited to, reduction of short term indebtedness and the timing and completion of the proposed debt offering. This forward-looking information also includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "should" or similar words suggesting future outcomes. To the extent that CP has provided guidance using non-GAAP financial measures, the Company may not be able to provide a reconciliation to a GAAP measure, due to unknown variables and uncertainty related to future results.

Undue reliance should not be placed on forward-looking information as actual results may differ materially from the forward-looking information. Forward-looking information is not a guarantee of future performance. By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties that could cause actual results to differ materially from the forward looking information, including but not limited to the following factors: changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped via CP; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes. The foregoing list of factors is not exhaustive.

These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CP's annual and interim reports, Annual Information Form and Form 40-F. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information is based on current expectations, estimates and projections and it is possible that predictions, forecasts, projections, and other forms of forward-looking information will not be achieved by CP. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise."

<a href="http://s142.photobucket.com/user/tom4cwb/media/CP%20Add%20Congratulating%20Hunter_zpsfnrde6ei.jpg .html" target="_blank"><img src="http://i142.photobucket.com/albums/r113/tom4cwb/CP%20Add%20Congratulating%20Hunter_zpsfnrde6ei.jpg " border="0" alt="CP Board of Directors Congrats photo CP Add Congratulating Hunter_zpsfnrde6ei.jpg"/></a>

[TOM4CWB]

bgmb,

Good for you! Have a great Easter. I will be thinking of you as I have my glass of water this Easter weekend!

No Need to think of me or my family...

While you feast Easter Sunday/Monday...


We are just stupid farmers who have never marketed any wheat or barley in our lives... because only the CWB can control the railways and market grain!

<a href="http://s142.photobucket.com/user/tom4cwb/media/Saskatoon-20060728-photo50percentsi.jpg.html" target="_blank"><img src="http://i142.photobucket.com/albums/r113/tom4cwb/Saskatoon-20060728-photo50percentsi.jpg" border="0" alt="Saskatoon Ministers Meeting 20060728 photo Saskatoon-20060728-photo50percentsi.jpg"/></a>

[TOM4CWB]

I know... I know... Stop sending this crap to you!!!

[bgmb]

Tom I do appreciate your cause, Happy easter to you and your family as well. At least we can now agree that the cwb was only part of the problem....

[grgsrvc]

That was an awesome weird Al song!

[TOM4CWB]

Thanks I believe few people understood what I stood... And still stand for!

I do hope many grain growers will be included in the renewed CWB... And that we can work together to better our standards of transparency and arbitrage logistics and trust in our capability to be a reliable provider of high quality grains.
Thx
Tom Jackson

[TOM4CWB]

Gr

WeirdAl does have a wonderful way with words!

[TOM4CWB]

Canadian Pacific's Hunter Harrison named Railroader of the Year by Railway Age
December 22, 2014 /Calgary, AB

E. Hunter Harrison, Chief Executive Officer of Canadian Pacific (CP), has been named 2015 Railroader of the Year by railroad industry trade journal Railway Age.

"Hunter Harrison, regarded as one of the best all-time operating executives in railroading, came out of retirement to lead a remarkable turnaround at CP, which up to that point had been lagging well behind its six North American Class I contemporaries in performance," said Railway Age Editor-in-Chief William C. Vantuono. "Under his highly disciplined, focused leadership, CP has produced record revenues and earnings, a record-low operating ratio, and the stock price has more than tripled. The railroad, with aggressive long-term growth prospects, has become one of Wall Street's most favored investments in the rail sector."

"I am honored and humbled by the award as it is a reflection of the remarkable team at CP and the transformation we have undergone," said Mr. Harrison. "The railroaders of CP are the reason for our success and, while our focus on growth and cost control continues, it's important to pause and recognize that this award is as much theirs as it is mine."

Hunter Harrison is Railway Age's 52nd Railroader of the Year and the second CP recipient (preceded by Robert J. Ritchie in 2004). This is the second time he has been so-honored; the first time was in 2002, when he was chief operating officer of the then-recently combined Canadian National/Illinois Central system. Harrison joins rail industry icons Stuart T. Saunders, L. Stanley Crane and David R. Goode as a two-time recipient. He will be honored on March 10, 2015, at Chicago's Union League Club. Railway Age will tell the story of Hunter Harrison and the organization he leads at Canadian Pacific with a cover story in the magazine's January 2015 issue, which will also be available online at www.railwayage.com with video highlights, and in the magazine's January 2015 digital edition. Modern Railroads magazine founded the Railroader of the Year award, one of the most prestigious in the railroad industry, in 1964 as the "Man of the Year." Railway Age acquired Modern Railroads in 1991 and has presented the award annually since then.

About CP

Canadian Pacific (TSX:CP) (NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca to see the rail advantages of CP

About Railway Age

Railway Age (www.railwayage.com​) is a monthly trade magazine circulated at the management levels of North American freight and passenger railroads. Founded in Chicago, Ill., in 1856, it is the transportation industry's longest-running trade publication. Railway Age is published by the Simmons-Boardman Publishing Corp., New York, N.Y."​

[TOM4CWB]

CP President and Chief Operating Officer Keith Creel named Progressive Railroading’s "Railroad Innovator” for 2014
November 21, 2014 /Calgary, AB

Canadian Pacific (CP) President and Chief Operating Officer, Keith Creel, was today awarded Progressive Railroading's "Railroad Innovator" for 2014 at the RailTrends conference​ in New York City in recognition of his many contributions to the industry.

"It's a real honour to be recognized by Progressive Railroading," said Creel. "I've been fortunate in my career to have known and worked with several of the past recipients of this award and am humbled to be counted in their company. Being a railroad innovator is not a solitary process; it starts with family at home, requires team building, and a strong vision – something we have developed at CP."

In Mr. Creel's remarks at RailTrends, he highlighted the following key points:
Innovation is engrained in the culture of the new CP; it takes on many forms, but always starts with a conversation between people who are committed to looking for a better way to do something.

CP is committed to leading the discussion on North American rail transportation, and we will champion actions that w​​ill improve productivity for the industry as a whole.

For the good of business and the broader economy, we must ensure that the whole transportation supply chain is working at maximum efficiency.


Mr. Creel began his railroading career in 1992 in Birmingham, Alabama as an intermodal ramp manager at Burlington Northern after serving with the United States Army. Following leadership roles at Grand Trunk Western Railroad, Illinois Central Railroad and CN, he was appointed CP's President and Chief Operating Officer in February 2013.​

Editors note:
​​download a hi-res photo of Keith Creel​​


About CP​​​

Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific."

[TOM4CWB]

CP CEO calls for face-to-face discussions to address Canadian grain supply chain issues

May 8, 2014 /Calgary, AB

"​​​​​​​​​​Canadian Pacific (TSX: CP) (NYSE: CP) Chief Executive Officer E. Hunter Harrison said today direct face-to-face discussions based on facts are the best way to make progress on strengthening Canada's grain handling and transportation system.

"We need constructive dialogue instead of the ongoing back and forth that is happening in the media among various parties," said Harrison. "CP has reached out to customers and other stakeholders, including the Western Grain Elevator Association, and look forward to further constructive dialogue in person, rather than through the media. This way, stakeholders like the WGEA, would have a better understanding of supply chain realities and everything CP is doing to continue to move record amounts of grain."

Harrison noted some CP Canadian grain highlights:
CP continues to meet or exceed the Government of Canada's Order-in-Council, which directed railways to move about 5,500 cars per week. This level of service was what CP committed to in its open letter of March 6th, before the federal government order.
Versus a 5-year average, CP has moved 15 per cent more grain from September through April.
CP grain volumes from September, 2013 through April, 2014 are up 10 per cent compared to the same period last year.
From March to April, 2014, after the extreme weather lifted, volumes were up 11 per cent compared to last year and 14 per cent over the 5 year average.
Added capacity from Winnipeg to Chicago this spring, which is supporting the strong demand for Canadian grain into the United States.

Harrison also responded to suggestions grain should have moved to the United States during the extreme winter weather periods. He noted sending grain cars to a congested terminal like Chicago during this past winter would have significantly impacted the supply chain's ability to move grain to the benefit of Canadian farmers.

2013 was a record crop for the grain supply chain. Harrison said at close to 80 million metric tonnes (MMT), this crop is 27 per cent above the previous 2008/2009 record and 37 per cent above the 5-year average. This amounts to an incremental 22 MMT of grain that needs to be moved to an export position in addition to the 33 to 34 MMT that normally moves. "The reality is that Canada's grain handling system is just not built to handle this record amount of grain and CP is moving all the grain the supply chain can currently handle," added Harrison. "CP is moving grain in all available lanes but we need to move grain to fluid outlets with strong cycle times to move as much grain as possible as quickly as possible."

Harrison added, "This is a capacity problem and the Canadian supply chain needs to be searching for a capacity solution. Rail is only one element of the supply chain."

About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is a low-cost provider that is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific."