Post by
lifeisgood1010 on Aug 29, 2022 11:23am
Something is going on
Lumber contracts are again down.In the very short term, most portfolio managers i hear are
pessimistic on the housing sector because of interest rates going up and affordability.
Meantime, WFG is up again.
At the very least, some people know something we small investors don't.
West Fraser or Interfor(or both) won't be public trading company by year end.
Comment by
Apaulson on Aug 29, 2022 1:41pm
Yea, it's weird. There are likely announcments of B.C. curtailments (from Canfor and possibly West Fraser) coming soon, but I would have thought anything housing related would have been hit today especially with the Lumber futures pricing being down. There's not a lot of volume which would indicate strong conviction that something in on the horizon though.