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May 21, 2019
Forestry giants in BC show dramatic descend at the stock market
A closer look at any stock chart could reveal how the BC forest companies have slide down to three-year lows. According to Business in Vancouver, the stock chart for major companies, like West Fraser Timber Co. or medium-sized companies, like Conifex Timber Inc., highlight the same outlook. They have all started to rise in the early 2017, with peaks in the summer of 2018, but have, since then, started to descend dramatically. For example, Canfor Corp. reported $126 million in operating income from lumber sales during the Q1/2018, but ...
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