West Fraser Timber Co Ltd WFG

Primary Symbol: T.WFG

Forest Products Lumber & Wood Production

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.

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West Fraser Timber Co Ltd

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Post by retiredcfon Dec 20, 2023 6:59am

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Post# 35793267

Stockchase After the Close

The TSX and the major American indices hit fresh 52-week highs in a broad rally. The TSC rose 1.04% with every sector gaining except tech.

Major movers included Cenovus up 2.37%, TD 1.95%, Canfor soaring 12.34%, Interfor 11.8% and West Fraser Timber 10.17%. WTI climbed 1.35% to $73.50 a barrel.

On Wall Street, the S&P closed 0.45% higher, the Nasdaq 0.66% to 15,000, and the Dow added 0.52%. major movers ran across various. Pfizer rebounded 3.66%, Tesla1.78% as the most-traded name, Illumina 7.75%, Estee Lauder 4.47% and Walgreens 4.34%. The U.S. 10-year yield edged down to 3.92% while Bitcoin slipped 1% to $42, 200.