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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 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

TSX:WEF - Post Discussion

Western Forest Products Inc > Logistic difficulties affecting interior BC lumber shipments
View:
Post by phoenix_trader on Nov 17, 2021 2:44pm

Logistic difficulties affecting interior BC lumber shipments

WEF's tidewater mills on Vancouver Island may be able to ship where interior mills have problems.

No debt, huge cash flow, 270k shares bought back every day, widely held stock make WEF a sitting duck in the take over game.

Will it be a US buyer, probably.
Comment by phoenix_trader on Nov 17, 2021 2:51pm
Teck announced suspension of coal deliveries to Vancouver due to rail outages. No announcements yet from Canfor or West Fraser on lumber shipments. More evacuation orders in the Fraser Valley announced today.
Comment by Coopsvw92 on Nov 17, 2021 11:52pm
There is no interest in anyone buying out WEF with all this uncertainty.  Even WEF doesn't want to invest further in BC and who would blame them with a provincial government that does not support the industry. WEF partnered with First Nations for a reason.  I think it will prove to be a good strategy but until there's clarity it will continue to under perform. There was a ...more  
Comment by phoenix_trader on Nov 18, 2021 8:31am
Uncertainty brings opportunity if you think saner heads will prevail. The insider buy on Nov 9th and the likelihood of a 50 mill share issuer bid make WEF appealing. No capex, no debt and strong cash flow suggest an imminent issuer bid to me. Others in the industry are already in the program.
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