Bought a few Put Options for West Fraser Timber Co.NYSE:WFG Shorting Wood Products. (Note for self).
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−1.61 CAD
−225.40 M CAD
8.71 B CAD
51.56 M
About WEST FRASER TIMBER CO
Sector
Industry
CEO
Sean P. McLaren
Website
Headquarters
Vancouver
Founded
1955
FIGI
BBG000BD1HG2
West Fraser Timber Co. Ltd. engages in the production of lumber and engineered wood products. It operates through the following business segments: Lumber, North America Engineered Wood Products (NA EWP), Pulp and Paper, Europe Engineered Wood Products (Europe EWP), and Corporate and Other. The Lumber segment refers to the manufacturing, selling, marketing, and distributing lumber. The NA EWP segment includes North American OSB, plywood, MDF, and LVL operations. The Pulp and Paper segment is involved in the production of pulp and paper mill. The Europe EWP segment operates the U.K. and Belgium OSB, MDF, and particleboard. The Corporate and Other segment relates to other wood products and related activities. The company was founded by Henry Holman Jr Ketcham, Samuel Kendall Ketcham, and William Peters Ketcham on January 28, 1955 and is headquartered in Vancouver, Canada.
Evidence for a decline in US housing.... To understand Housing we need to study lumber.
It is highly correlated to the US Housing Market...as the majority of homes are wood frame in the US.
West Fraser Timber Co. (WFG) is the top Lumber producing company in the United States.
WFG could see a crash in stock price anywhere from
-17% -37
Target 130....... Good Up Trend.. Technical and fundamental good Breakout in 88.........Target 130....... Good Up Trend.. Technical and fundamental good.........
West Fraser Timber WFGThe reward to risk here to first PT is excellent at 3.98. On the weekly, this is looking quite good for a short.
Target 124.5, ( 1 to 5 months )Good Technical and Fundamental , Buy for long, Target 124.5 , Duration 1 to 5 months.
$WFG 8 Months Base Adding $WFG to my secondary watchlist. big 8 months base (zoom out) with nice VCP pattern.
Building a pivot on the right side now.
*vol drying up in the pivot
*My base detection indicator is on
*OBV making new high before price (NHBP) = nice volume pattern
WFG share price needs to correct to match lumber price crashKey points:
1. Lumber is down 68%, WFG is only down 25%. WFG rallied with lumber. Lumber will likely stabilize at or below the current price.
2. Momentum channel has been broken
3. MACD has crossed below zero and the signal line has crossed the MACD line
4. Chart colorization is a reflection of MA
WFG - Stan Weinstien early stage two Stan Weinstein wrote a classic investment book in the 1980's
Basically, it's based on recognising the rotation in the market between stage 1,2 3 and 4 - instead of inserting loads of waffle about it check out this link - the7circles.uk
So going by Stan’s rules in relation to this stock I get:
1. Ge
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Frequently Asked Questions
The current price of WFG is 122.95 CAD — it has increased by 0.90% in the past 24 hours. Watch WEST FRASER TIMBER CO stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on TSX exchange WEST FRASER TIMBER CO stocks are traded under the ticker WFG.
WFG stock has fallen by −6.19% compared to the previous week, the month change is a −4.04% fall, over the last year WEST FRASER TIMBER CO has showed a 9.87% increase.
We've gathered analysts' opinions on WEST FRASER TIMBER CO future price: according to them, WFG price has a max estimate of 173.21 CAD and a min estimate of 159.35 CAD. Watch WFG chart and read a more detailed WEST FRASER TIMBER CO stock forecast: see what analysts think of WEST FRASER TIMBER CO and suggest that you do with its stocks.
WFG stock is 2.91% volatile and has beta coefficient of 0.89. Track WEST FRASER TIMBER CO stock price on the chart and check out the list of the most volatile stocks — is WEST FRASER TIMBER CO there?
Today WEST FRASER TIMBER CO has the market capitalization of 9.87 B, it has decreased by −4.47% over the last week.
Yes, you can track WEST FRASER TIMBER CO financials in yearly and quarterly reports right on TradingView.
WEST FRASER TIMBER CO is going to release the next earnings report on Feb 18, 2025. Keep track of upcoming events with our Earnings Calendar.
WFG earnings for the last quarter are −1.39 CAD per share, whereas the estimation was −0.74 CAD resulting in a −88.24% surprise. The estimated earnings for the next quarter are −0.28 CAD per share. See more details about WEST FRASER TIMBER CO earnings.
WEST FRASER TIMBER CO revenue for the last quarter amounts to 1.94 B CAD, despite the estimated figure of 1.89 B CAD. In the next quarter, revenue is expected to reach 2.00 B CAD.
WFG net income for the last quarter is −113.21 M CAD, while the quarter before that showed 143.67 M CAD of net income which accounts for −178.80% change. Track more WEST FRASER TIMBER CO financial stats to get the full picture.
Yes, WFG dividends are paid quarterly. The last dividend per share was 0.43 CAD. As of today, Dividend Yield (TTM)% is 1.36%. Tracking WEST FRASER TIMBER CO dividends might help you take more informed decisions.
As of Dec 22, 2024, the company has 10.80 K employees. See our rating of the largest employees — is WEST FRASER TIMBER CO on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. WEST FRASER TIMBER CO EBITDA is 819.12 M CAD, and current EBITDA margin is 8.29%. See more stats in WEST FRASER TIMBER CO financial statements.
Like other stocks, WFG shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade WEST FRASER TIMBER CO stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So WEST FRASER TIMBER CO technincal analysis shows the sell today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating WEST FRASER TIMBER CO stock shows the buy signal. See more of WEST FRASER TIMBER CO technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.