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Moody's changes West Fraser's outlook to positive from stable on expected good operating performance and strong credit metrics, even at trough pricing levels; Baa3 rating maintained, benefiting from low cost and leading market position
Published:
March 26, 2024
by Moody's Investors Service
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US lumber industry accuses Canadian R&D center FPInnovations--which benefits forestry companies such as West Fraser, Canfor, Tolko--of receiving unfair subsidies; Ottawa gave over C$21M to FPI to spur innovation in forest products sector, including CLT
Published:
March 14, 2024
by Canada StockWatch
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Contractor died March 13 at West Fraser Timber's Slave Lake Pulp mill in Alberta while repairing a piece of mobile equipment, though mill was not operating at the time; Alberta Occupation Health and Safety is investigating the incident
Published:
March 14, 2024
by Industry Intelligence Inc.
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West Fraser announces renewal of normal course issuer bid, will be entitled to purchase up to 3,971,380 Common shares, representing approximately 5% of the shares issued and outstanding; NCIB will commence on March 1
Published:
February 27, 2024
by Canada Newswire
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RBC maintains West Fraser at outperform with US$97 target, noting strong balance sheet, improving wood products demand and lumber capacity constraints; capacity additions could put downward pressure on OSB market, but pricing remains supportive for now
Published:
February 23, 2024
by RBC Capital Markets LLC
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