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News Breaks
September 19, 2013
16:10 EDTPCLPlum Creek Timber, Enova Group enter contracts for wood fiber supply
Plum Creek Timber announced it has entered into a 10-year fiber supply and services agreement with The Enova Group, an independent bioenergy firm headquartered in Atlanta, GA. Plum Creek will deliver up to 3M tons annually of sustainably-managed wood fiber to three pellet manufacturing locations that will be constructed in the Southeastern United States. Approximately 500,000 tons will originate from Plum Creek’s timberlands with the remaining 2.5M tons to be sourced and delivered from third party landowners. Enova will construct mills to convert wood fiber into pellets to serve global biomass markets. Pellet shipments are expected to begin in 2015.
News For PCL From The Last 14 Days
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October 28, 2014
10:12 EDTPCLOn The Fly: Analyst Downgrade Summary
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07:53 EDTPCLPlum Creek Timber downgraded at BofA/Merrill
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06:02 EDTPCLPlum Creek Timber downgraded to Neutral from Buy at BofA/Merrill
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October 27, 2014
16:13 EDTPCLPlum Creek Timber to sell 165K acres of forestland to TNC for $134M
Plum Creek Timber announced it has reached an agreement to sell approximately 165,000 acres of Montana and Washington forestland to The Nature Conservancy, or TNC, for $134M. The sale is part of an effort to unite the checkerboard land ownership patterns of these lands. The agreement includes timberlands located at relatively high elevations with slower growing trees. While less productive for timber operations, these lands are desired for forest conservation, recreation, public access, and ecological protection. They are among the most ecologically diverse and intact biological systems remaining in the United States, including lands in the lower Blackfoot Valley near Missoula, Montana, located in the Crown of the Continent, and also lands on both sides of Interstate 90 between Snoqualmie Pass and Ellensburg in Kittitas County, Washington, located in the Heart of the Cascades.
16:11 EDTPCLPlum Creek Timber sees FY14 EPS $1.10-$1.20 , consensus $1.15
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16:11 EDTPCLPlum Creek Timber sees Q4 EPS 29c-39c, consensus 37c
During the fourth quarter, harvest levels in the Northern and Southern Resources segments are expected to be similar to third quarter levels. As a result, overall harvest levels for the year are expected to be in the 19.2M-19.5M ton range. Q4 Real Estate segment revenues are expected to be between $105M-$125M. These expectations include the Washington state portion of the conservation transaction with The Nature Conservancy. The Manufacturing segment is expected to report fourth quarter results similar to the third quarter excluding any gains recognized as part of the MDF reconstruction.
16:08 EDTPCLPlum Creek Timber reports Q3 EPS 34c, consensus 30c
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15:34 EDTPCLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Amgen (AMGN), consensus $2.11; General Growth Properties (GGP), consensus 31c; Avalonbay (AVB), consensus $2.00; Hartford Financial (HIG), consensus 83c; Universal Health Services (UHS), consensus $1.36; XL Group (XL), consensus 63c; Masco (MAS), consensus 32c; Plum Creek Timber (PCL), consensus 30c; T-Mobile US (TMUS), consensus 2c; Cliffs Natural (CLF), consensus (3c); Twitter (TWTR), consensus 1c; American Capital Agency (AGNC), consensus 73c; DDR Corp. (DDR), consensus 30c; PartnerRe (PRE), consensus $3.66; Owens & Minor (OMI), consensus 47c; Manitowoc (MTW), consensus 42c; Compass Minerals (CMP), consensus 78c; Allison Transmission (ALSN), consensus 30c; Regal Entertainment (RGC), consensus 17c.

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