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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is an integrated softwood forest products company. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing and wholesaling purchased lumber. Its product categories include Outdoor Living, Exterior Appearance, Interior Living, LIFESTYLE CEDAR, WFP Engineered Products and others. The Outdoor Living products include decking, timbers, outdoor structures and fencing products. The Exterior Appearance products include siding, trim and fascia, soffits, and door and window products. The LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. The Interior Living products include interior paneling, interior moldings, architectural millwork, and stair components. The WFP Engineered Products include Curved and Arched Glulam, Straight Glulam, Fabricated Trusses, Calvert GL3000 and Other Glulam Products.


TSX:WEF - Post by User

Bullboard Posts
Post by louelon Jan 09, 2020 12:28pm
190 Views
Post# 30535003

Not Slam Dunk Yet

Not Slam Dunk Yet

    

 Wednesday, February 12, 2020 at 9:00 a.m. PST (12:00 p.m. EST).

Don Demens, President and Chief Executive Officer, and Stephen Williams, Executive Vice President and Chief Financial Officer, will discuss the Company’s fourth quarter and fiscal 2019 results followed by a question and answer session.
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  This is an important date for investors.    Most of the company will have been totally idle during this quarter.  Being the length of time frame with littlt to no production.      It would not surprise me if they announced at least a suspension of the dividend till further notice. (Saving $8 Million each quarter)   And may continue for an extended period.    Especially if the labor problems are not settled.   
   It will take some time for the financial picture to recover to where it formerly was,  let alone where it would have been had they not been.   Should they not been forced to close by excessivel demands placed on the company.    
    
      Looking to the future,    Lumber from North America and the Baltic region is traded on the  Chicago Mercantile Exchange,   it states;
Note;   (CFD is nieither Bid or ASK but rather what the actual lumber selling price was transacted at.

C&P;

Lumber decreased 10.70 USD/1000 board feet or 2.63% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.  

 Lumber is expected to trade at $350.00 USD/1000 board feet by the end of this quarter, according to Trading Economics Global Macro Models and analysts expectations.    Looking forward, we estimate it to trade at $400.00 in 12 months time.

  Present;

Lumber 395.50 2.5 -0.6
 
       

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Unquote; 
For the next year the outlook is not realy robust after including added costs imposed by governments and labor plus recovery costs.      Should the Exchange and analysts forecast hold true. with lumber dropping another $50.
If labor negotiations linger on, the company hunkers down to protect finances, With an announcement concerning the dividend.     Share price could drop to a dollar or less.  Those  invested simply for the dividend would then seek other investments placing further downward pressure on the share price as they exited their positions.
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     WEF turned over their timber rights to F/N on the Queen Charlottes.  But retained the right to have first option on the Cedar by meeting the top bid price.    Or let it be sold offshore to the US or elsewhere if they choose not to.   Also WEF lost a great segment of their AAC for the Great Bear Rain forest reserve.   TFL 47 was also shared with the FN band    

Bullboard Posts