I’m not an expert on this topic by any means.
I just had involvement on some Weyerhaeuser property in Western Louisiana. I heard the reduction of their property ownership through purchasers of some of their property, and from a small timber company who I did business with.
Consider it third-hand info from a limited regional source. I’ve never tried to follow the Weyerhaeuser company.
I posted that above to see if anyone would confirm or deny those claims.
i think i prefer oil reserves as a “hard asset” rather than timberland or gold coins. However, Exxon (for example) is a net buyer of oil as they do more production of end products than their drilling allows. Not sure which major is focused more on explor. and development.