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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 Dadsaid2on Dec 15, 2020 3:48pm
134 Views
Post# 32111347

RE:John Duncanson,very interesting

RE:John Duncanson,very interestingJD is very knowledgeable about the lumber industry but lve seen him make some pretty bad calls. I found it interesting he said that since late 2018, 16 saw mills have shut down or closed mainly to pine beetle in BC. Norbord shut 100 Mile House mill in BC permanently and is one reason they need to start up Chambord. He also stated average lumber price in Q4 will be about the same as Q3 so profits should be about the same or a touch higher due to increased production and invoice timing. Bottom line is very strong prices going into Q1 2021 and his forecast sounds strong for the year. This is great for lumber companies like WFT. OSB is a complete different animal as Q4 average prices will be much higher than Q3. As lve been stating right along Norbord Q4 will be just crazy. Pretty funny how little Andy on BNN knew about Norbord. I think he studied up since the Merger announcement but still thinks they are a lumber company tied to lumber futures. I Still hope they can stop the merger but highly unlikely. Only time will tell how the new WFT giant handles becoming the worlds largest OSB producer. One thing for sure its going to be a fun start. Problem is there's nowhere to go but down. Enjoy the ride folks...GLTA
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