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Conifex Timber Inc T.CFF

Alternate Symbol(s):  CFXTF

Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Its lumber products include J-GRADE, 2 AND BETTER, SELECT, STUDS, ECONOMY and 3. The Company operates a two-line sawmill in Mackenzie, British Columbia (the Mackenzie Mill). Its Mackenzie Mill has approximately 240 million board feet of annual lumber capacity on a two-shift basis. It operates a 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the Power Plant), located at the site of its Mackenzie Mill. Its Power Plant's output capacity is in excess of 230 gigawatt hours (GWh) of electricity per year.


TSX:CFF - Post by User

Bullboard Posts
Comment by louelon Dec 27, 2019 12:21pm
145 Views
Post# 30494189

RE:RE:RE:Horseshoe -- status quo? Good Q. Let's discuss...

RE:RE:RE:Horseshoe -- status quo? Good Q. Let's discuss... I would think the company would be better off with a CEO who dedicated their education, Grew up in,  or had yeras of managing a forest industry enterprise.
    Rather than a person who specialized in "crunching numbers"  to invest in corporations ran by qualified leaders.   There is a big difference in watching the descisions made by successful  people come to fruit,  And doing it your self.    

Just because a person understands 2+2 makes 4.   It doesent mean they know what decisions must be made in order to turn that $4 into $8 in any particular industry.     Many are able to successfully invest in the enterprise.    Having weighted assurance based on the CEO's record it will happen.    Sort of like  20/20 while the action is in motion.   Being responsible for making it happen is a totally different thing.

  CFF and WEF were in similar positions in 2009.   Financially distressed.    Brookfield picked up WEF,    Then searched and screened candidates.   putting in place  Don Demmons CEO  and Steven Williams CFO       Demmons grew up in family sawmilling ,   Williams was the former CFO for International Forest Products. (IFP)  He was one of the main executives which hepled Duncan Davies the owner grow the company to what it is today.   
  These two were not cheap to hire.   Demmons the CEO recieves well over $2 million a year  Williams also well paid.    They have in the same time frame brought WEF from  Bankruptcy to a financially stable company.  Which distributes to it's share holders $32 million in dividends annually.     Compare that to what Shields has accomplished.

  If you know Hydro policy in BC.   Generated commercial volume electricity can not be sold on the open market.   It is sold to BC Hydro at Whole sale pricing.   The The generation plant is connected to the grid.  So is the FFI mill  so BC Hydro is still the middle man in control.  CFP may use power supplied by the Gen plant,   but they have to pay BC Hydro for it. after markup.    Not Conifex.  

  So the gen plant is a benifet if the mills run and supply it with enough fiber.  When they don't it is dead weight.   

   The size of Conifex today is not much greater than a family ran operation.   Like Dunkley Lumber.   Only Dunkley is very well ran.   Dunkley who's mill is between PG and Quesnel, Harvests logs around the Makenzie area.  It probably could be  added to their holdings.     
   Method of operations for CFF have to change from the previous agenda.   If not it may find it self in the same situation again some time down the road.
  
  In my assessment suggests he needs councilling from some one who better understands the problems he is faces.
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