Bullboard - Stock Discussion Forum 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... see more

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TSX:WEF - Post Discussion

Western Forest Products Inc > Lumber futures under $500 for july now

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Post by ferret_ca on Jul 15, 2021 5:34pm

Lumber futures under $500 for july now

https://futures.tradingcharts.com/marketquotes/LB.html I really didn't think it would go quite this low , and it looks like it wants to dropp further. I think we have seen the highs for wef for the near to medium term. I'm pretty much out of wef now , have about a 1/4 position and not planning on adding any back at least for a while .

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Comment by firstgrowth99 on Jul 15, 2021 11:09pm

FERRET I KNOW YOU KNOW YOUR STUFF BUT USE SOME COMMON SENSE...WHEN WEF WAS AT 2.90 ..LUMBER WAS WHAT...THEY ARE MUCH BETTER I THINK FINACIALLY NOW DONT YOU THINK..YES LUMBER PRICES MATTER BUT LOTS OF OTHER THINGS DO MORE...WHY IT HAS BEEN 2 DOLLARS FOR LAST DECADE ON AVERAGE IS WHAT IS TO BE FIGURED OUT...SOLID BUT NOT VERY GOOD AS FAR AS STOCK PRICE ...ANYTHING CAN HAPPEN NOW...

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Comment by JYBJYB on Jul 16, 2021 8:16am

Excuse my ignorance but this refers to the cedar and hemlock futures in what percentage? It appears though an earlier post that C and H prices were still highly elevated. I'm not living in a dream thinking they will stay there of course. The lowering prices for commodity lumber and OSB are a significant sentiment headwind for WEF but I find it hard to imagine that they are or will be ...more

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Comment by JYBJYB on Jul 16, 2021 8:17am

(?) Forgot the question mark

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Comment by Dadsaid2 on Jul 17, 2021 4:55am

A Futures contract is the price per 1000 for a rail car of 2x4 #2 or better SPF. This invariably effects the hemlock price as it is a white wood and replaces SPF in certain markets and applications. Cedar is a different ball game and its price could and should hold up % wise but still comes down with the general market. Anyways these are Sept futures now and cash prices are higher but adjusting ...more

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Comment by ferret_ca on Jul 18, 2021 12:08pm

another poster answered your question on futures and c and h pretty much. I don't think there's a ton of upside here with futures now in the 500's, I see maybe possibly getting back to 2.50 ish but there is also downside risk if it's held too long,, all these forestry stocks are commodity stocks and you have to play the cycles, they are trading stocks not rip stocks, you ...more

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Comment by windywolf on Jul 18, 2021 4:26pm

I bought at .82 .85 and .92. Sold it all at 1.80. This ones going much lower. If I do get back in. Id be looking to start a new position around .25 cents. JMHO. GLTA.

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Comment by windywolf on Jul 18, 2021 4:31pm

You make a deal with the socalled first nations and you just made a deal with the devil. JMHO. If we still are entitled to our opinions when it comes to the socalled first nations.

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