Viewing Company Teck Resources Ltd. (B) | StockChase
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Compiling comments that experts make about stocks while on public TV.

Teck Resources Ltd. (B) Stock Symbol: TECK.B-T

Notes:

zinc

Last Price Recorded: $25.2900 on 2017-05-19

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Date Signal Expert Opinion Price
2017-05-15 DON'T BUY Bruce Campbell (1)

A bit of a hybrid. It’s copper, but it is now big coal. The coal price does great. Last year there is generally an unexpected move in coal that went quite a bit higher, and he is a little nervous of that. He would only be a buyer of this if it were in the high teens.


Price:
$25.280
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-12 COMMENT Rick Rule

Thinks this stock has upside. Just sold their Hydro assets for an unbelievable multiple to EBITDA, $175 million, to Fortis. The objection has been that their balance sheet has been over stretched. They’ve done a wonderful job driving that down. He sees this as trading at about 3.5X forward EBITDA. Metals like zinc and coal don’t market much attention, but a company that generates that much cash will eventually get market attention. Very well-run and has a collection of world-class assets.


Price:
$25.260
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2017-05-09 COMMENT Lyle Stein

The star of 2016. It began the year well, kind of rallied, and then tanked recently as metallurgical coal prices fell. Now trading at around $25 and is interesting value because of the zinc operations. When he looks at this, he looks at it as a zinc play in the near term. Medium term and longer-term would be copper. And then you get a kick in from metallurgical coal at some point. He hasn’t bought any lately, but it is quite attractive.


Price:
$24.850
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-05-08 DON'T BUY Don Vialoux

The period of seasonal strength is from around the middle of November, right through until around the end of April. This year, it started to go the same way, but then didn’t complete it. Chart shows a technical head and shoulders pattern, which is not good news. The implied downside risk in a trading range is from its peak to the equivalent dollar amount on the downside. Start to look for better opportunities elsewhere.


Price:
$25.010
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-05-02 COMMENT Daniel Lloyd

He is Short this and Long on a copper producer. Doesn’t have anything against the company, it is more about the coal space. Metallurgical coal is a commodity that has had its run. Feels that the expected free cash to be generated through 2017, are probably misguided. We are starting to see a lot of coal capacity come into the market after the run-up in prices last year.


Price:
$28.270
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-05-01 COMMENT Norman Levine

He is not a short term investor so cannot comment on May to September.  They have had a wonderful run and he would be hard pressed to see this continuing.  He missed this one.


Price:
$28.500
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2017-04-27 HOLD Mohsin Bashir

He delved into it as part of a tactical strategy.  He thinks the resource stocks will overheat.  It is reasonable to have a position here.  Their portfolio is reasonably strong.  It will be volatile in the short term.


Price:
$28.140
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-04-25 COMMENT Craig Porter

Just reported and earnings were disappointing. Both zinc and copper were late on production. He likes the company. Longer-term goal, coal prices are still doing well. With higher commodity prices, they’ve been paying down debt quite significantly. A good stock to own if looking for a diversified resource exposure.


Price:
$28.840
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 PARTIAL BUY Christine Poole

Has a small position in this, and is her only holding in the materials space. It recovered nicely last year on stronger iron ore prices, but that was temporary. It has moderated this year. Thinks it will slowly strengthen, but will be predicated upon Chinese demand. The Chinese economy is stabilizing and growing. This company is also exposed to copper and zinc. Zinc has been in an oversupply for a number of years, and has gone through the typical cycle, and the supply/demand dynamics are going to improve. There are going to be some weak days in the market, and would recommend that you scale into this.


Price:
$29.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-10 BUY Gavin Graham

It is the best performing large cap stock in Canada over the last year.  It is going to be a play on Chinese demand and perhaps north American infrastructure.


Price:
$31.920
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BEAR
Owned:
Unknown
2017-04-10 BUY on WEAKNESS Hap (Robert) Sneddon FCSI

Chart shows a downtrend, and it could drop a little more. It may come down to around $27 and go up from there. The whole base metal complex actually looks quite positive. It is these next 2 months where you are probably going to get a spot to get it a little bit cheaper. Try to get it somewhere south of $29 and you’ll be happy a year from now.


Price:
$31.920
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-03-20 COMMENT Lyle Stein

This was the star of 2016, but has softened as met coal prices retreat from $300 to $150 a ton. What is not being factored in is that zinc prices continue to hit close to 5 year highs. Copper prices have fallen in the last little while, but are much higher than they were a year ago. It is generating incredible amounts of cash flow. Debt went down by $1 billion in Q4, and will probably do the same in Q1 of this year. At this price, you get upside optionality. You’ve got a much cleaner, better, safer company in which to invest. He bought more at under $28.


Price:
$28.580
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-03-16 COMMENT Zachary Curry

A violently cyclical company. The biggest positive is the zinc market, which is undersupplied. Exposure to coal is their main driver. There has been volatility in coal prices. The underlying economic growth should benefit the commodity cycle as a whole. Their Fort Hills exposure will be able to be funded from cash flow, which is positive. Be prepared for cyclicality. There has been a huge drive in the stock, mostly last year, so a lot of the value is in the name.


Price:
$28.840
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-03-15 COMMENT Don Vialoux

This has been benefiting from higher copper prices, and particularly on zinc prices that have been very strong in the last little while. This is also a coal producer. Seasonally, the stock does very well from about mid-October through until April. Unfortunately, the chart is showing it is forming a trading range right now. It is probably near the bottom of that right now. We still have periods of strength coming forward into early this spring, and there will probably be another test of the previous high, which will be the opportunity to take some money off the table.


Price:
$28.330
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-14 COMMENT Daniel Lloyd

He is Short this name, as a pair trade against another mining company that is more focused on copper. The majority of this company’s revenue comes from metallurgical coal, and there is a lot of supply that is coming back online. Pricing is not holding up.


Price:
$27.070
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
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