Conifex Timber Inc T.CFF

Alternate Symbol(s): CFXTF

Forest Products Lumber & Wood Production

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.

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Conifex Timber Inc

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Comment by dosperroson Jul 16, 2020 8:17pm

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Post# 31278916

RE:Conifex and Canfor are pretty tight.

I should have substantiated the math. The deal for $30M for 200,000 M3 of perpetual cutting rights worked out to $150/M3. So the number I used was $150 x 782,500 M3. On the high side in down markets, but fair game in hot markets. Higher than the FSJ sale but that was under duress I would suspect.

Interesting to see futures averaging $480 for the next year. A year of $480 corresponded to WFT making over a billion on the lumber segment, about 5x the 2019 number. It's serious cash to be had -- and the CAD is lower than it was in 2018.

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