Nice to see this break $20You guys who have stayed in are finally getting the recognition you deserve.
The lumber assets will be increasingly valuable too. They may well maintain them as a cash cow to support the deleveraging efforts.
I was building a model on US housing starts the other day. Based on a break-even demogrpahic demand of 1.5M starts, I calculate that we have a deficit of 3.781M units. This will grow even, until maybe 2020 when we can break even. Talk about pent up demand. There will not be a supply response that can match this demand IMO. Lumber is going to be a powerhouse sector for the next 5+ years.