** Canada’s largest railroad operator forecasts incremental revenue of up to C$400 mln ($299 mln) from crude shipments between 2020 and 2022
** CNR expects C$450 mln to C$1.15 bln in new revenue specifically tied to energy products between 2020 and 2022 - exec says at company’s investor day
** CNR and rival Canadian Pacific Railway Ltd have benefited from a surge in demand for crude-by-rail shipments as Canadian oil producers battle pipeline congestion and environmental opposition to new projects
** Peak crude-by-rail shipments expected for next 1-2 years - CNR
** Also between 2020 and 2022 co expects revenue of C$200-C$300 mln in frac sand and NGLs, C$150-C$250 mln in coal and pet coke, C$100-C$200 mln in refined petroleum products & sulphur
** Shares of the company were up marginally at C$120.86
** Including Tuesday’s gains, CNR up 19.2% YTD, while CP up 24.3% ($1 = C$1.34) (Reporting by Shanti S Nair in Bengaluru)
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