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Bullboard - Stock Discussion Forum Canfor Corp T.CFP

Alternate Symbol(s):  CFPZF

Canfor Corporation is engaged in the manufacturing of high-value low-carbon forest products, including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy. The Company’s segments include lumber and pulp and paper. It produces renewable products from sustainably managed forests at more than 50 facilities across its diversified operating... see more

TSX:CFP - Post Discussion

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Post by lifeisgood1010 on Nov 11, 2020 1:29pm

RJ

Here is Raymond James analyst take on lumber pricing.

Taken from the CFF board:He seems bullish on CFF and for good results in the sector


 After peaking at US$955/mfbm, cash SPF lumber prices have retreated to the US$540 level today. Traders report increasing activity which is typically consistent with a seasonal market bottom as more reasonable pricing coaxes buyers to take positions. CME lumber futures also showed positive momentum with January contracts up 20% over the last week (at ~US$580/mfbm). We highlight that this is dramatically higher than the sub US$300 seasonal troughs we have seen in recent years and represents incredible earnings power not reflected in current valuations. 
Comment by RHINOpowerTOP on Nov 12, 2020 11:42am
HEY FELLA YOU GOT THE WRONG BOARRD I THINK THIS AINT THE ONE YOU POSINTG FOR. NEED TO PAY MORE ATTENTION AIF YOU WANT TO BE BIG TIME TRADER LIKE ME! I SEE THIS GONNA GO UP LIKE ROCKET SHIP MY FRIEND KEN WORKS HERE AND HE NUMBER 1 GUY.  HE SAID THERE GONAN BE BIG CASH AND THE PULP MILL GONNA GE TEW MACHINE LIKE A PULP PARTICUALE ACCELEEERATOR OR SOME THIGN GOING LONG.  ONLY WANT THE ...more