BOSTON ( TheStreet) -- Among the biggest beneficiaries of the demand for transport of crude oil out of North Dakota's Bakken shale region are the owners of the two main rail links to the region, Canadian Pacific Railway (CP - Get Report) and Burlington Northern Santa Fe, which is owned by Warren Buffett's Berkshire Hathaway (BRK.B - Get Report).The companies are exploiting the lack of pipeline capacity needed to ship the region's rapidly growing production of crude to refineries thousands of miles away and that demand is serving to more than offset expected weakness from their shipment of agricultural products due to the drought and lower coal shipments as utilities shift to burning the cheaper natural gas.
Railroads Are on a Fast Track, Thanks to Bakken Oil
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.