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    CFF   CA2073241044

CONIFEX TIMBER INC.

(CFF)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 10/21 05:00:00 pm
1.86 CAD   -3.63%
10/18RBC Capital Markets Notes Lumber Price Rally
MT
10/15RBC on Forest Products Companies
MT
10/08RBC Capital on Forest Products Companies' Share Repurchase Monitor
MT
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Conifex Timber : Temporarily Curtailing Mackenzie Lumber Production

08/20/2021 | 07:00am EDT

VANCOUVER, British Columbia, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Conifex Timber Inc. (“Conifex”) (TSX: CFF) announced today that it has made the difficult decision to temporarily curtail lumber production at its Mackenzie, British Columbia sawmill for two weeks commencing August 23, 2021.

“A combination of record high delivered log costs and the unprecedented collapse in lumber prices has necessitated a temporary curtailment for two weeks. We regret the impact this may have on our employees, their families and the community,” said Ken Shields, Chairman and CEO.

Our bioenergy operations will remain uninterrupted.

For further information, please contact:
 Winny Tang
Chief Financial Officer
(604) 216-6821
Kristen Stinson
Vice President & General Manager, Corporate Services
(604) 216-6835
   

About Conifex Timber Inc.

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex's lumber products are sold in the United States, Canadian and Japanese markets. Conifex also produces bioenergy at its power generation facility at Mackenzie, BC.


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Source: Conifex Timber Inc

2021 GlobeNewswire, Inc., source Press Releases

All news about CONIFEX TIMBER INC.
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10/15RBC on Forest Products Companies
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10/08RBC Capital on Forest Products Companies' Share Repurchase Monitor
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08/23RBC Capital Markets on Lumber Companies -- Where We Stand Post Q2 Results
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08/20RBC Capital Markets on Forest Products -- Says Worst of Declines Are Over
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Analyst Recommendations on CONIFEX TIMBER INC.
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Financials
Sales 2021 238 M 192 M 192 M
Net income 2021 - - -
Net Debt 2021 19,0 M 15,4 M 15,4 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 82,4 M 66,8 M 66,6 M
EV / Sales 2021 0,43x
EV / Sales 2022 0,28x
Nbr of Employees 270
Free-Float 79,9%
Chart CONIFEX TIMBER INC.
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Conifex Timber Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends CONIFEX TIMBER INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 1,86 CAD
Average target price 2,83 CAD
Spread / Average Target 52,3%
Managers and Directors
Kenneth A. Shields Chairman, President & Chief Executive Officer
Winny Tang Chief Financial Officer
David E. Roberts Independent Director
Janine North Independent Director
Charles P. Miller Director
Sector and Competitors