The Investment Reporter, in its Oct. 24, 2014, issue, comments on Canadian Pacific Railway Ltd., recently $212.20. The Reporter said buy 15 times from July 5, 2002, to May 2, 2014, at prices ranging from $31.62 to $163.21. Assuming an investment of $1,000 for each of the 15 buys, the $15,000 position would now be worth a pleasing $56,020. According to The Wall Street Journal, CP has made a merger overture to CSX Corp., a U.S. railway company. The idea was to raise CP's capability to handle the rising volume of crude oil coming from North Dakota's Bakken region. As well, a merger would be expected to help CP deliver more crude oil to refineries in the eastern part of the United States. CSX rejected the merger; this could be a way of getting CP to pay more for the U.S. company. CSX's share price rose, so the market must expect CP to come back with a higher bid. Alternatively, CSX may also expect U.S. regulators to reject the merger, which could potentially reduce competition. For now, the Reporter is waiting for clarification of CP's intentions.