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West Fraser Timber Co Ltd T.WFG

Alternate Symbol(s):  WFG

West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, paper, tissues, and box materials. Its segments include Lumber, North America engineered wood products (NA EWP), Pulp & Paper and Europe EWP. Its business comprises lumber mills, OSB facilities, renewable energy facilities, pulp and paper mills, plywood facilities, MDF facilities, particleboard facilities, LVL facility, treated wood facility, and veneer facility. The Company operates approximately 58 facilities in Canada, the United States, the United Kingdom and Europe. It also offers wood preservation services.


TSX:WFG - Post by User

Comment by Frost19on Jul 07, 2021 11:15am
126 Views
Post# 33505274

RE:RE:Dutch auction of up to $1B announced today

RE:RE:Dutch auction of up to $1B announced today"In various open market transactions between May 22 and June 24, 2021, Brookfield sold an aggregate of 1,174,972 Common Shares over the Toronto Stock Exchange for aggregate consideration of C$104,062,873 (excluding brokerage commissions). Additionally, on July 2, 2021, Brookfield, through BIC WFG, sold an aggregate of 5,156,885 Common Shares over the Toronto Stock Exchange to an unaffiliated third-party Canadian financial institution for aggregate consideration of C$454,950,192.78. See Items 5(c) and 6 below for more information on the aforementioned transactions."

I am guessing here...but I'm going to say the ~5M shares for ~454M that brookfield sold to a 3d party Canadian financial institution are going to be bought back directly under this 1B program for lets say 500M even. I was wondering why WFG was holding onto CAD dollars since en of may and I think this is why. 

This should mean that Brookfield is totally out now and the selling pressure from the last 3 months should be lifted going forward. 






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