Western Forest Products Inc T.WEF

wef active in NCIB purchases

[astutein]

Last posting on TD INK insider from four days ago shows WEF active.

Insider reportof direct ownership shows WEF purchased 2,537 Million shares  at price of $ 2.20
and last at $ 2.17.  About half of 13 million shares purchased.  Numerous daily purchses of  145,000.

[prested]

I'd call that a possitive!

[ferret_ca]

looks like old news, I see their last buy at the end of april, over 2 weeks ago.

[ACarrothers]

Yeah I don't see any new activity beyond two weeks ago on CanadianInsider. Link: https://www.canadianinsider.com/node/7?menu_tickersearch=WEF Might be a good thing that WEF is not spending cash on buying back shares at some of the more recent higher pricing (>$2.20). Perhaps they have an upper bound on the price where they stop buying. 

[bbwibone]

WEF is taking in more cash per day then they can physically spend on buybacks. SEDI reports they were buying back 145,000 a day up until 6 May. I doubt that has changed.

[ferret_ca]

you are wrong  the last ncib  was april 30, they have bought 0 so far in may, they filed up to may 6 but all of those were for purchases made in april. main reason besides fidgety markets for the drop is the lumber futures have been dropping a fair bit every day recently including today.  people sell their etf's and funds which are then forced to lighten up on whatever they'

[Coopsvw92]

They are only required to disclose NCIB activities by the 10 of the month following.  Im sure they are still actively repurchasing.