CP Rail, West Fraser Timber shares reach 52-week high

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| March 20, 2013

 Canadian Pacific Railway Co. (TSX: T.CP, Stock Forum) closed at the 52-week high of $132.00 for an increase of 1.83%.

On March 15, the railway company reported on Dakota Plains Holdings, Inc. (OBB: DAKP, Stock Forum) and joint-venture partner, Petroleum Transport Solutions, LLC, an indirect wholly owned subsidiary of World Fuel Services Corp. (NYSE: INT, Stock Forum). According to the press release, the companies jointly announced that construction is underway for the Pioneer project. The Pioneer project represents a significant expansion of the New Town transloading facility located in the heart of the Williston Basin.

The second company to make the 52-week-high list was West Fraser Timber Co. (TSX: T.WFT, Stock Forum). The stock hit a new peak of $92.36, before closing at $91.49, for an increase of 2.26%. 

On Feb. 14, the integrated wood products company reported earnings of $22 million or $0.51 per share on sales of $773 million in the fourth quarter of 2012 and earnings of $87 million or $2.02 per share, on sales of $3 billion for 2012.


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