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Bullboard - Stock Discussion Forum Western Forest Products Inc. T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's largest markets and contribute the vast majority of its total revenue.

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RE:worst sector...just can't win....

All stocks have their part of risks. Many bad things can happen, and you have to be careful because it can be very devastating. You are right, valuation of the sector is low, but I an pretty happy...read more

worst sector...just can't win....

Conifex just reported Q2 profit: 31 cents..6 month total: 59 cents , just finished paying a special 20 cent divi and still only trading at $1.80..so currently trading less than 2X forward P/E..WEF...read more

around 15 cents in 2009

Cie was trading around 15 cents in 2009. Lot of progress since then. Should be interesting to watch the price in the coming weeks/months, up or down.  rate and reply

Canada challenges softwood duties.

Canada's government said on Thursday it will challenge U.S. duties on softwood lumber, Bloomberg reports, saying the tariffs have caused "unjustified harm" to the industry and workers. ...read more

RE:.56/share or 40% of market cap potentially recoverable

"The key final rate of 8.59 per cent is significantly lower than the current rate of 17.91 per cent, as well as the 11.64 per cent proposed in a preliminary decision issued earlier this year...read more

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.56/share or 40% of market cap potentially recoverable

At June 30, 2022, Western had $182.0 million (US$141.4 million) of cash on deposit with the US Department of Treasury in respect of these softwood lumber duties, of which $38.4 million (US$29.6...read more

WEF is NOT a commodity lumber company, $1786/k realized.

 Our average realized lumber price was a record $1,786 per thousand board feet, an increase of 12% from the second quarter of 2021. Strong pricing across our specialty lumber products was offset...read more

New Press Release - Western Forest Products Inc. Announces Renewal of 10% Normal Course Issuer Bid

VANCOUVER, British Columbia, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to renew a normal course issuer bid ("NCIB") to purchase for cancellation up to...read article.

New Press Release - Western Forest Products Inc. Confirms Record Date of Third Quarter 2022 Dividend

VANCOUVER, British Columbia, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0125 per share will be paid with respect to the Company’s third fiscal quarter of 2022 to shareholders of...read article.

New Press Release - Western Announces Second Quarter 2022 Results

VANCOUVER, British Columbia, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported net income of $38.6 million and adjusted EBITDA of $66.2 million in the second quarter of 2022. Strong Japan lumber demand and record specialty product...read article.

Japan lumber prices soar - huge WEF marke.

  July 25, 2022 TOKYO – Lumber prices are soaring in the wake of Russia’s invasion of Ukraine. The shortage that began last year was exacerbated as Russia stopped exporting some of...read more

RE:Insider Buying

Obviously the last of the big spenders! Let's hope he is as sparing with investor capital as he is with his own.  rate and reply

Excellent choice - BID group builds Wood product equipment

With over 35 years of experience and facilities throughout North America, the BID Group is the leading integrated supplier of turnkey solutions for equipment, technology and service to the forest...read more

New Press Release - Western Forest Products Appoints Steven Hofer as President & CEO

VANCOUVER, British Columbia, July 28, 2022 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has appointed Steven Hofer as its President and CEO and a member of the Company’s Board of Directors (“Board”), effective September 7, 2022...read article.

wef

https://www.stockwatch.com/News/Item/Z-C!WEF-3280565/C/WEF  rate and reply

New Press Release - Western Forest Products Inc. Announces Acquisition of Calvert Company To Support Mass Timber Growth Initiatives in North America

Total consideration of US$12 million, including inventory Grows Western’s specialty products offering, adding glulam manufacturing capacityImmediately accretive transaction with opportunities for further growthCreation of Engineered Wood subsidiary focused on North America Mass Timber...read article.

RE:West Fraser jumps $20 on takeover speculation

CVC Capital Partners is a Luxembourg-based private equity and investment advisory firm with approximately US$122 billion of assets under management and approximately €157 billion in secured...read more

West Fraser jumps $20 on takeover speculation

July 19 (Reuters) - Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co ...read more

New Press Release - Western Forest Products Continues to Demonstrate its Commitment to Value-added Manufacturing with $29 Million Investment Towards B.C. Operations

VANCOUVER, British Columbia, July 06, 2022 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) today announced capital investments totaling approximately $29 million towards its B.C. operations. The investments are part of the Company’s ongoing commitment to...read article.

RE:Insider Buying

I literally laughed out loud at this.   rate and reply