Western Forest Products Inc T.WEF

Alternate Symbol(s): WFSTF

Forest Products Lumber & Wood Production

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 lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.

TSX:WEF - Post by User

Western Forest Products Inc > ncib expires May 10 2021

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Comment by Joe455on May 07, 2021 8:08pm

160 Views

Post# 33158176

RE:ncib expires May 10 2021

astutein wrote:
In first quarter reporting WEF stated it purchased 3,832,858 out of 18,759,858 leaving 14,927,410 shares available to purchase by Aug 10, 2021.

With debt of 69. million WEF unable to use NCIB to purchase shares until last quarter when debt repaid in full and WEF reported in Q1 sale to First Nations of 23 million May 3. With cash flow from operations it has plenty of cash for NCIB.

With lumber prices at record high , I personally am waiting until Q2 in three months before consider selling my stock. Q2 could take us to $ 3.00 in next three months.

I wouldn't be surprised to see $4 in 3 months, and a lot higher before the market corrects.

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