Viewing Company Teck Resources Ltd. (B) | StockChase
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Teck Resources Ltd. (B) Stock Symbol: TCK.B-T

Notes:zinc

Last Price Recorded: $12.4300 on 2016-05-27

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Date Signal Expert Opinion Price
2016-05-12 COMMENT Rick Rule

Hold or Sell? You are taking a lot of balance sheet risk with this company. Very high quality company and very high quality assets. In the copper and coal businesses, and neither of them will be looking good for 2 years. He owns some of the debt.


Price:
$12.470
Subject:
PRECIOUS METALS
Bias:
BULL on GOLD & SILVER
Owned:
Yes
2016-05-10 DON'T BUY Bill Harris, CFA

(Market Call Minute.) The valuation on the stock given bulk commodities, it is still at risk given China’s future.


Price:
$12.290
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Unknown
2016-05-09 COMMENT Peter Brieger

Feels the current run is over for the time being. There are 3 key issues that people are worried about. The balance sheet, how they are going to get enough money to finish off the Fort Hills oil sands plant. Thinks they’re okay for this year and if they get tight for next year expects they will be looking at asset sales. There are no major debt repayments until out to 2019-2020. However, everything is on hold in terms of the mining of the Fort Hills is up and running.


Price:
$11.980
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2016-05-06 COMMENT Peter Hodson

Everybody is buying this because of its metal exposure, and the potential for a metals recovery. It has $9 billion in net debt. The last quarter was interesting, because they actually made a profit and their costs went down 10%-15%. They are doing the right things. If there is a recovery in metals, their margins are going to expand dramatically because of lower costs. He would use caution.


Price:
$13.530
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-03 SELL John O'Connell, CFA

This has gone from $4 to $15 in 4 months. Financially they are okay. There has been a huge amount of Short covering. He doesn’t understand why people are in a hurry to buy the stock. There hasn’t been a rebound in copper prices in any meaningful way. Coal prices are not that great. Have huge capital commitments they have to make to finish off their share of a large oil project out west, which doesn’t make any economic sense at these prices. If you own, he would Sell. He is actually Shorting this.


Price:
$14.380
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-05-02 SELL Norman Levine

It will go up and down in line with copper and other commodities.  It went down too far too fast.  It has come back up now too fast.  Sell it and wait for an opportunity lower.


Price:
$15.230
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-04-28 COMMENT Bruce Campbell (1)

They were talking about how great it was that they got their costs on coal down to $85-$87, and spot has moved up to just about $100, but there is a junior US company that have their costs down to $60. Teck is probably ahead of itself. If you are a short term investor, he would sell this and try to buy it back cheaper.


Price:
$14.020
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-04-19 COMMENT Christine Poole

(Market Call Minute.) She holds this in some of her clients’ portfolios. It has had a really nice bounce off the lows, but it is really playing in to a weaker US$. This is a long-term cycle play, so if your time horizon is 5 years+, she would hold it.


Price:
$13.340
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-15 COMMENT Rick Stuchberry

A huge beneficiary of the US$ getting weaker. The stock had a reaction off a very cheap price. There is probably going to be consolidation in the US$, which will lead to a consolidation in some of these commodity stocks. Zinc looks very good going forward. If you own, you can trade it on rallies, and then replace it on dips, because there is still going to be a fair amount of volatility in these commodity stocks.


Price:
$10.965
Subject:
CANADIAN LARGE & ADRs
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-08 COMMENT Brendan Caldwell

The future for this company is going to be what it is for any resource company. They just happen to be one of the biggest, best and most liquid resource stocks in Canada. Buying this is really a bet on Canada. That is going to take something of a rebound in the developing markets. China has grown from an infrastructure perspective as much is it is going to for a while.


Price:
$9.530
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-04 DON'T BUY John Zechner

Doesn’t like the stock in here. Had owned it earlier in the year. Met coal still looks like a mess. Copper really hasn’t turned. All their excess cash flow over the next couple of years is going into Fort Hills, which they are not even the operator on. Oil sands is still the worst thing you want to be in. The balance sheet is stretched. They have enough cash to keep going right now. Dividend yield of 1.05%.


Price:
$9.550
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2016-03-29 SELL John Stephenson

Had been shorting this because the whole commodity sector had been slowing and contracting dramatically. It has had a really good run off the bottom, so he thinks you Sell your position and wait for it to drift back down.


Price:
$9.650
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
No
2016-03-28 HOLD Michael Sprung

We have seen some settlements for Met coal prices that are a bit firmer than people expected.  This has gone a long way to pushing TCK.B-T forward.  He believes they will be a survivor.  They are dependent on the outlook for coal.  He prefers HBM-T.  They have about 3 years of liquidity left so commodities would have to stay low for a long time for this company to run into trouble.


Price:
$9.760
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-14 PARTIAL SELL Larry Berman CFA, CMT, CTA

China is going to continue to slow and it is debatable to say whether the bottom is in in commodities.  He has not seen enough to say the long term bottom is in in this stock price.  He needs to see a base develop for maybe a year.  He would take his money off the table.  Maybe cut the position in half and maybe buy back at another low.


Price:
$9.960
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-03-14 COMMENT Teal Linde

They made the most compelling talk for their company at the PDAC show last week.  Met Coal markets are rough because of a flood in Australia that caused a run up in coal and then a flood of supply, which has now been used up.  They can now complete the Fort Hills project much cheaper than before because of what has happened in the industry.  You need to trade commodity stocks for a number of years.  Consider it on a pullback and sell if it has another rally.


Price:
$9.960
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Unknown
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