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Western Forest Products Inc (WEF.TO)

WEF.TO on Toronto Stock Exchange

1.22CAD
20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Western Forest Products Inc. Announces Renewal Of Normal Course Issuer Bid
Friday, 2 Aug 2019 

Western Forest Products Inc ::WESTERN FOREST PRODUCTS INC. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID.WESTERN FOREST PRODUCTS INC - RECEIVED APPROVAL FROM TSX TO RENEW NCIB TO PURCHASE FOR CANCELLATION UP TO 18.8 MILLION OF ITS COMMON SHARES.WESTERN FOREST PRODUCTS INC - NCIB, WHICH WILL BEGIN ON AUGUST 8, 2019 AND END NO LATER THAN AUGUST 7, 2020.  Full Article

Western Forest Products Reports Q2 Revenue Of C$310.3 Million
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Western Forest Products Inc ::WESTERN ANNOUNCES SECOND QUARTER 2019 RESULTS.Q2 REVENUE C$310.3 MILLION VERSUS C$327.8 MILLION.WESTERN FOREST PRODUCTS- NET LOSS FOR SECOND QUARTER OF 2019 WAS $0.7 MILLION, AS COMPARED TO NET INCOME OF $27.1 MILLION FOR THE SAME PERIOD LAST YEAR.  Full Article

Western Announces Strike Action By United Steelworkers
Tuesday, 2 Jul 2019 

July 1 (Reuters) - Western Forest Products Inc ::WESTERN ANNOUNCES STRIKE ACTION BY UNITED STEELWORKERS.STRIKE AFFECTS ALL OF COMPANY'S USW CERTIFIED MANUFACTURING AND TIMBERLANDS OPERATIONS IN BRITISH COLUMBIA.COMPANY HAS COMMENCED ITS WORK STOPPAGE CONTINGENCY PLAN.  Full Article

Western Forest Says Receipt Of 72-Hour Strike Notice USW
Saturday, 29 Jun 2019 

June 28 (Reuters) - Western Forest Products Inc ::WESTERN ANNOUNCES RECEIPT OF STRIKE NOTICE.72-HOUR STRIKE NOTICE FROM UNITED STEELWORKERS (USW) IN RELATION TO SOME OF ITS OPERATIONS IN BRITISH COLUMBIA, CANADA."REMAIN HOPEFUL THAT A MEDIATOR CAN GET US BACK TO BARGAINING TABLE TO NEGOTIATE AN AGREEMENT".  Full Article

Western Forest Products To Sell Stake In Port Alberni Forest Operation
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Western Forest Products Inc ::WESTERN FOREST PRODUCTS INC. ANNOUNCES SALE OF OWNERSHIP INTEREST IN PORT ALBERNI FOREST OPERATION TO HUU-AY-AHT FIRST NATIONS.WESTERN FOREST PRODUCTS INC - MAY SELL HUU-AY-AHT INCREMENTAL INTEREST IN LIMITED PARTNERSHIP SUBJECT TO FURTHER NEGOTIATION.WESTERN FOREST PRODUCTS INC - HUU-AY-AHT TO ACQUIRE A 7% INTEREST FROM CO IN A NEWLY FORMED LIMITED PARTNERSHIP FOR $7.2 MILLION.WESTERN FOREST PRODUCTS - WILL CONTINUE TO SOURCE FIBRE FROM LIMITED PARTNERSHIP ASSETS TO SUPPORT ITS B.C. MANUFACTURING FACILITIES.WESTERN FOREST PRODUCTS - WESTERN WILL CONTINUE TO SOURCE FIBRE FROM LIMITED PARTNERSHIP ASSETS TO SUPPORT B.C. MANUFACTURING FACILITIES.  Full Article

Western Forest Products posts quarterly earnings of C$0.04 per share
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - Western Forest Products Inc ::WESTERN ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 REVENUE C$292.5 MILLION VERSUS C$285.2 MILLION.Q3 EARNINGS PER SHARE C$0.04.Q3 EARNINGS PER SHARE VIEW C$0.05 -- THOMSON REUTERS I/B/E/S.ENTERED INTO A NEW $250 MILLION CREDIT FACILITY THAT INCLUDES AN ADDITIONAL $100 MILLION ACCORDION FEATURE.EXPECT TO SEE LOWER LOG PRICES AS WE MOVE THROUGH Q4.EXPECT IMPROVED PULP LOG PRICING DUE TO LIMITED LOG SUPPLY IN Q4.  Full Article

Western Forest Products Announces Renewal Of Normal Course Issuer Bid
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Western Forest Products Inc ::WESTERN FOREST PRODUCTS INC. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID.WESTERN FOREST PRODUCTS INC - RECEIVED APPROVAL FROM TSX TO RENEW NCIB TO PURCHASE FOR CANCELLATION UP TO 19.6 MILLION OF ITS COMMON SHARES.WESTERN FOREST PRODUCTS INC - NCIB, WHICH WILL BEGIN ON AUGUST 8, 2018 AND END NO LATER THAN AUGUST 7, 2019.  Full Article

Western Announces Second Quarter 2018 Results
Friday, 3 Aug 2018 

Aug 2 (Reuters) - Western Forest Products Inc ::WESTERN ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 REVENUE C$327.8 MILLION VERSUS C$287.4 MILLION.Q2 EARNINGS PER SHARE C$0.07.Q2 EARNINGS PER SHARE VIEW C$0.08 -- THOMSON REUTERS I/B/E/S.  Full Article

Western Forest Products To Acquire Processing And Distribution Centre In Arlington, Washington
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Western Forest Products Inc ::WESTERN FOREST PRODUCTS TO ACQUIRE PROCESSING AND DISTRIBUTION CENTRE IN ARLINGTON, WASHINGTON.‍PURCHASE PRICE OF TRANSACTION IS APPROXIMATELY $9 MILLION AND IS ANTICIPATED TO CLOSE IN JANUARY 2018​.  Full Article

Western Forest Products announces closure of Englewood Train
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Western Forest Products Inc ::Western Forest Products announces closure of Englewood Train.Western Forest Products Inc - ‍as a result of closure of train, 34 positions will be eliminated​.  Full Article

CANADA STOCKS-TSX futures rise on firmer gold prices

Aug 7 Canada's main stock index futures edged higher on Wednesday, supported by a climb in gold prices as cautious investors remained wary of riskier assets.