RE:RE:RE:RE:Next event in Canfor Pulp's history: bankruptcyCFX's paper machine does $15M-$20M of EBITDA per year. It's worth something like $75M alone.
There is incremental value with Northwood (even on 1 shift) and Intercon. The recent comps for pulp mill sales in BC, put a lot of incremental value on Northwood and Intercon ($150M+).
The Provincial government needs to provide conditions for stable fibre supply in BC. Once that occurs, Northwood and Intercon can get back to better valuations tied to theoretical capacity.
Q2 should be better than Q1 for CFX (prices up and better FX rate) offset by maintenance shutdown at Intercon. My guess is $10M+ of EBITDA in Q2.
I bet CFX gets sold to an international Pulp producer in the next 6-12 months.
I don't think Canfor Management would have come out swinging with the recent comments to the Provincial government on their sawmill closures and NW shift reduction unless they were close to selling it.