Acadian Timber Corp. (TSX:ADN) has announced that longtime chief executive Reid Carter is stepping down at the end of the week. The company said in its earnings reported issued Tuesday after markets closed that Mark Bishop will become president and CEO effective on Friday. Bishop has more than 25 years of forest industry experience, including…
Timber stocks have become must-have investments because of the growing demand for timber and because they have increased in value at a greater rate than inflation, giving the stocks minimal risk and significant upside potential. With this in mind let’s take a look at three of the top timber stocks that you should consider investing…
After months of speculation and hearsay, Resolute Forest Products has confirmed that it will be relinquishing its logging rights inside the Abitibi River Forest. The company owns a 40% stake in the Sustainable Forest Licence (SFL) for that area, and after closing its Iroquois Falls mill in December, Resolute says it wouldn’t be right for…
When Kari Yuers’ business development manager suggested exporting to the Middle East, the CEO of Kryton International could hardly believe her ears. “I said, ‘Why would we go to the Middle East? We sell concrete waterproofing and that’s the desert.’ ” As it turned out, groundwater beneath all that sand is a major management challenge….
Members of the United Steelworkers Union are petitioning the B.C. government to hold a public inquiry into the explosions at Babine and Lakeland sawmills. Adam Connell is hoping to raise at least 10,000 signatures. At the time of writing the petition has just over 2,200 signatures. The explosions happened back in 2012. Four people were…
Wood is becoming an increasingly popular raw material – and not just in the construction sector. More and more private households and municipal authorities are also using wood for heating. All of which is driving competition for this desirable raw material. A team of researchers has been investigating the ecological, economic and social impacts that…
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero…
The chief of the Pictou Landing First Nation made an impassioned speech before a legislative committee on Monday, about the negative impact the Boat Harbour effluent plant has had on the community. “Until you’ve lived in Pictou Landing and until you’ve actually talked to people from my community, you will never understand what Boat Harbour…
Gov. Paul LePage on Monday reiterated that he will not authorize roughly $11.5 million in voter-approved conservation bonds unless the Legislature approves a new plan to cut more timber on public land and use the new revenue to pay for heating assistance programs. Details were limited, but in a memo sent to lawmakers on the Agriculture,…
At a campaign stop at a Grande Prairie lumber mill, Progressive Conservative Leader Jim Prentice called for Alberta to diversify its economy. Prentice spoke Monday morning at the Weyerhaeuser plant, a Grande Prairie facility that also operates a cogeneration plant. “Our province really is at a turning point. We need, in the face of a…