RE:RE:RE:RE:Mising the boatSandHeads wrote: From Canfor's own web site
"Canfor does not hold timber resources in the form of forest tenure rights for its US based operations, but instead relies on open market purchase and supply contracts for these facilities, all of which are located in areas of high quality sustainable fibre supply."
From West Fraser web site
"We do not own or manage any timberlands in the U.S."
As for Cff? They just went to the market for another $50 million. I suspect the banks are supporting the share price with workers RRSP's? is that possible. The more a company owes, the more interst they have in keeping the share price high..
As for interfor, going from memory here, they got a 4 year fiber supply on their last purchase from the seller. After that they are on their own.
WAKE UP ! I thought you were smarter than that.
It's a mix of public guys like WY, CTT, Rayoinier that own a lot of pine down in the south. There a bunch of mom and pops own timber too.
There is no tenure down there, that's a vesitigal socalist Canadian thing dudes.
That said the drain in far less than the growth of the timber basket. It means there is more supply than demand. It means that wood, for the time being, is very cheap.
Moreover, there have issues with it getting too large for the debarkers, so it's gotta be harvested or it loses value. That keeps supply high. They planted a wall of wood there 30 to 40 years ago that's all maturing.