Bullboard - Stock Discussion Forum Conifex Timber Inc T.CFF

Alternate Symbol(s): CFXTF

Forest Products Lumber & Wood Production

Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation... see more

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TSX:CFF - Post Discussion

Conifex Timber Inc > I'm impressed w/ volume and resilience

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Post by dosperros on Aug 18, 2020 2:18pm

I'm impressed w/ volume and resilience

Given this only trades ~40k a day usually. I'm impressed that it's holding up well. It'll take many more days to stabalize as there's been a lot of upheaval. Likely a good number of people with average costs in the $0.40 range who can unload for a killing. I could see a week of this where it's trading in the $1.50 range before another breakout OR big volume play.

After all, this is a whole new game. Buffeet bought Barrick gold and he hates capital intesnive businesses, but cash is alluring. The 'so cheap it's almost free' cash coming out of CFF might turn some heads in the coming weeks and months. I also see Prem Watsa is adding in the sector (Norbord) and this has no Jimmy Pattision stake unlike the folks down the road (WFT, CFP).