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Bullboard - Stock Discussion Forum Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. 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. It has a... see more

TSX:WEF - Post Discussion

Western Forest Products Inc > ncib purchases April 1 to May 13
View:
Post by astutein on May 19, 2021 10:58am

ncib purchases April 1 to May 13

WEF purchased NIlshares from April 30 to May 16.

Maybe its time for  WEF to support stock with major WEF purchase.  Hopefully WEF waiting till marketet finds bottom to actively start to purchase shares and support .

Comment by ferret_ca on May 19, 2021 12:19pm
someone mentioned they don't have to file the ncib buy backs till the next month, not loike actual insiders rules. 1 insider did buy on the 14th at $2 US.  I think once the futures selling slows down and levels off you will see a lot of money coming baack to the sector. people bailed on their lumber etfs and mutal funds to temporary greener pastures, a lot has been going back to the ...more  
Comment by alvarez2 on May 19, 2021 1:44pm
Pretty much agree with everything............$1,600 lumber definitely not sustainable but inventories will remain tight imo for the forseeable future, not so much because of increased demand but because of mill supply. Harvesting and trucking rates have been so low for so long now, there are not enough suppliers (contractors)  in the business anymore to fullfill canadian mills with their ...more