Friday, the Brookfield selling unit sold it last 312300 shares.
Before the merger,BAM was a holder of 34,787,535 shares of Norbord or
43% of the total 80,710,375 Norbord shares.
For them, it was not an easy task to reduce their Norbord position.With the merger, their position dropped to 23,481,586 out of 123,163,635 of West Fraser or a much smaller
19% of thetotal outstanding shares.
It's anybody's guess, as if they are over with their selling but they have sold 23% of their WFG position in only 23 sessions.
Now lets see if BAM other 3 units will keep or sell some of there shares.As of friday,the 3 units hold 18,058,952 shares or 14.78% of the total outstanding.
Friday, we saw the May lumber contrats close at it's limit up to $886.60 and the July(less liquid)
also at limit up at $809.10.
From all what i ear and read, lumber is and should be in very high demand for AT LEAST
the balance of 2021.
Looking forward to Q1 reporting and more so, to ear what will the different board of directors
decide to do with all of that excess liquidity.
It will be an interesting spring time.
Nice weekend to all
| Nom de l'initi: | Brookfield Asset Management Inc. | |
| Relation de l'initi: | 3 - Porteur de 10% des titres de l'metteur | |
| Cessation de la qualit d'initi: | Sans objet | |
| | 2021-03-19 | Actions ordinaires | | 0 | | | |
| | 2021-02-22 | Actions ordinaires | BPE OSB Investment Holding LP | 3,106,872 | | | |
| | 2021-02-01 | Actions ordinaires | Brookfield Capital Partners II L.P. | 3,662,902 | | | |
| | 2021-02-01 | Actions ordinaires | Brookfield Investments Corporation | 11,289,178 | | | |
| | 2021-02-22 | Actions ordinaires | Brookfield Private Equity Group Holdings LP | 0 | | | |
| | 2021-02-22 | Actions ordinaires | Brookfield Residential Properties Inc. | 0 |