UK markets close in 36 minutes

West Fraser Timber Co. Ltd. (WFG)

NYSE - Nasdaq Real-time price. Currency in USD
Add to watchlist
78.33+1.60 (+2.09%)
As of 10:53AM EDT. Market open.
Sign in to post a message.
  • b
    biff
    WHYYYYY HAS MIGHT WESSA FRASSER FORESAJEN ME>>>>> ? WHYYYYYYY????

    [I BE RUINED] :(
  • F
    Foster
    What was the price of WFG when they bought out OSB? What was the ratio of shares? I didn't own either of these stocks at that time. I am trying to determine if the entire price of WFG shares is worth even as much as they paid for the OSB share swap back then? preferably, in U.S dollars if anyone has that. Either way, I will do the math. Does WFG have an ongoing share repurchase ongoing now since the tender offer is complete? I wondered if they have the Normal Course bid authorization in place as well? Thanks!
  • F
    Foster
    Just picked up 600 more today at $76.60. I did not tender my shares because I did not think I would get $95. So instead I am going the other direction. I can't imagine what is next for this undervalued company, but I was impressed at the rapid fire way they handled that repurchase. The true value of these shares has to be nearer 200 U.S. than 100. I have no problem with the fact that the paid that price. In fact, IMO (another Canadian) just did a huge tender at a very high price just after WFG. They still have another Standard Issuer Bid in place for another 5% on top of their tender. Any thoughts on what is next here?
  • K
    Kevin
    might be an ok time to start fazing back in. going to open small position just under 100$ might need to avg it down so not going to big
  • w
    wiley
    Another 12 million shares gone. Not bad.
  • L
    Luis
    lmao to the weebs that didn't sell at +$117 baahhaahhaha
  • K
    Kevin
    "Canfor Corp. , one of the continent’s biggest lumber producers, said Thursday that it was extending reduced operating schedules at its sawmills in Western Canada and will implement two-week rotating downtimes this summer because lumber is stacking up in its yards." I'm gonna sell and take my gains and wait for a lower price.
  • F
    Foster
    I am hoping one of you wood people could explain a few inside details to me. I know the difference between Plywood and OSB, what I don't know is when one would be used instead of the other? Does WFG make Plywood? I know BCC is huge in Plywood. Perhaps everyone has their specialty. I assume Plywood is more expensive than OSB. Both of these stocks are on a tear considering they were giving up for dead just last month. I still can't see the upside to the auction for us when I could sell WFG outright as I type for over $92 U.S.
  • J
    Jordan
    Glad i got in at $109 on Tuesday. Look at those earnings! Houses being built all around
  • B
    Brad
    Canfor is curtailing more production due to "transportation issues" and scheduling more summer outages at their mills for maintenance. This is good for lumber prices as it takes excess out. I would imagine WFG will follow and lumber can continue to trade elevated. I think WFG stock is sort of stuck until next week after we get the results of the dutch tender offering, then it will be allowed to go up and trade out of that range
  • B
    Brad
    Tomorrow is the end of the dutch auction for share repurchases. I expect it will be favorable for the company and shareholders. AMCX did this a couple years ago and almost immediately after the shares were retired the stock ripped up over 100% in short order
  • w
    wiley
    Cost hikes due to timber incoming. I’m not sure how they should play this —- but some timberland perhaps?

    BMO hosted our annual Timber & Wood Products Summit. Although wood products demand/pricing remain robust, participants noted uncertainty created by rising mortgage rates and inflation pressures. Southern sawlog pricing continues to rebound from 30-year lows in 2020. ESG interest is helping to boost timberland valuations across NA.
  • J
    John
    The stock price has been decimated in the last few days! Anyone know what is going on? Can't seem to get any news on why stock price is down so much, especially when analysts put price target in the CDN$175 - $190 price range. Would be interested to hear views. Thanks, and good luck to all the longs.
  • S
    Sam
    Time to buy GIC's.... this thing is going to take a while
  • F
    Foster
    Hello to everyone except biff. I opted out of the Dutch auction. Too much downside risk when you can sell anytime you want on a pop to 90 which we have already had since the auction was announced. I am nevertheless concerned about the price of lumber. It really has been weak and there is no speculation about that. I only have WFG to worry about with lumber right now. I managed to escape BCC at 81. I would buy it back at 70.
  • K
    Kevin
    well closed my short position today for nice gains. going to stay 90% liquid this week. Hope you didn't listen to bifftard
  • w
    wiley
    Things are slowing but the huge ace in sleeve for $WFG is osb. Here’s TD:

    OSB prices have held up better than lumber, of-late. The benchmark North Central OSB price declined 3% week-over-week to US$740/Msf and has been treading water since mid-April. Price declines in the U.S. South and western Canada were sharper (down 8-10% w/w). Commentary noted downtime related to a fire at Tolko's High Prairie, Alberta mill mitigating slow demand.
  • R
    Rowan
    Best part about Citi’s valuation is that a brief (1-2 year) economic downturn won’t hurt all that much. With ~0.5 BV, it can bleed .25 pps and still be undervalued. While $BAC, $JPM, $WFG, and $GS are all at ~ 1 BV meaning any prolonged hit to BV will spell bearish years for their stock price.
  • B
    Brad
    Looks like a big diesel shortage materializing. Trains and trucks run on diesel, so might be another event to impact lumber supply/prices
  • w
    wiley
    I don’t think we see any meaningful number of shares tendered — even at $95.

    The sheer force of the resurgent $LPX will force the issue as the discount won’t widen.

    Moreover that’s the new play - once folks realize this SIB will be DOA, they’ll hatch a new one in June — say at US $97 to $110. To me that’s the prize and play — have this one look quaint and play the summer game.