RFP News and Press, Resolute Forest Products Inc. From 07/12/21

PaulGrecaud/iStock via Getty Images Lumber futures (LB1:COM) have surrendered all of their astronomical 2021 gains, settling -5.6% today to $712.90 per 1,000 board feet in Chicago, as demand eases and supply expands in response to earlier gains. At one point, lumber futures were trading as hi...

Media Advisory - Resolute to Host Management Call to Discuss Second Quarter 2021 Results Canada NewsWire MONTRÉAL, July 8, 2021 /CNW Telbec/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) expects to announce its second quarter financial results...

Shares of Resolute Forest Products (NYSE: RFP) were falling back last month as the price of lumber declined sharply, leading to a pullback in prices for its paper and wood products. According to data from S&P Global Market Intelligence , the stock fell 27% in June. As yo...

Taiyou Nomachi/DigitalVision via Getty Images Kyle Little, COO of Sherwood Lumber Corp., said Thursday that he expects a bounce in lumber prices in the next two or three weeks, as the market responds to normal seasonal pressures. Little told CNBC that even with the extreme volatility of the l...

Resolute Forest Products is trading at a very low multiple right now if we assume future performance will match recent performance. This is a big if though because the nature of the business is steeped in volatility and uncertainty. Only investors who are bullish on this space and...

Basic Materials stocks recorded a marginal drop this week, with the iShares U.S. Basic Materials ETF -2.3%.The top five outperformers in the basic materials sector (of stocks with a market cap of $300M+) for the week ending June 11, 2021:Marron Bio Innovations (MBII):+32.35%U.S. Concrete...

pixelprof/E+ via Getty Images Resolute Forest Products (RFP) +5% after declaring a $1.00/share special cash dividend and announcing $50M in additional projects in its wood products operations. Resolute says the investments would go to "high-return and quick payback" modernization and cap...

Resolute Announces $1/share Special Dividend and $50 million in Lumber Investments Canada NewsWire US $ Declared special cash dividend of $1.00 per share Announced $50 million in additional lumber projects Reduced debt by $180 million ...

PaulGrecaud/iStock via Getty Images Weyerhaeuser (WY) CEO Devin Stockfish believes the home-building and renovation boom could keep wood demand strong for another decade. But Stockfish says the recent price frenzy - which elevated wood prices above $1,000 per 1,000 board ft. for the firs...

July lumber futures (LB1:COM) reportedly have fallen by the exchange maximum $42, or -3.1%, to $1,284.20 per 1,000 board feet on the Chicago Mercantile Exchange, extending last week's first weekly loss in benchmark lumber prices since January.Citing trade journal Random Lengths, CIBC analyst ...