Post by
lifeisgood1010 on Jul 19, 2022 8:10am
West Fraser takeover
Yesterday, i wrote
In the 2000's we had a lot of steel company(and steel processors trading on the TSX(Dofasco, Stelco,Ipsco,Algoma, Harris, Samuel.Leroux...).Once one was acquired, they all were(Stelco went banckrupt buy was purchased by private equity).Now Stelco and Algoma are back.
I think there is a possibility that we could see the same thing happening with our forest industry.
After Resolut, we could see many more acquisitions coming.
Well, i did not take long.after resolut , it's West Fraser.
AND THERE WILL BE MORE
Comment by
Apaulson on Jul 19, 2022 8:26am
But as is my luck, I only hold IFP and CFP.......always the way for me.
Comment by
lifeisgood1010 on Jul 19, 2022 8:37am
Your up on me, i only hold IFP. Still believe that IFP will not be a stand alone company at year end and maybe sooner. This could also apply to Canfor
Comment by
Apaulson on Jul 19, 2022 8:39am
I think Pattison and the Ketcham family will make the Austrians pay top dollar. The Austrians need wood. Europe is on fire. Russia is going to be out of the picture for a while. Lumber prices are going up daily apparantly in Europe. The Austians see the need for wood. https://www.dezeen.com/2022/06/17/timber-shortage-ukraine-war-news/
Comment by
sunshine7 on Jul 19, 2022 10:41am
Russia and Ukraine are very significant suppliers of wood to EU. Diversion of N.A. supplies to EU will help the lumber benchmark stay firm to up IMO.