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

Notes:zinc

Last Price Recorded: 25.6200 on 2014-07-23 21:54:35

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Date Signal Expert Opinion Price
2014-07-23 DON'T BUY Stan Wong

When he looks at the resource space, he is looking at energy before looking at base metals. Some of these names have moved forward a bit, but this one has kind of meandered along and hasn’t done so well. Also, China is not gobbling up resources like it was 10-12 years ago.


Price:
$25.620
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-04 TOP PICK Lyle Stein

(A Top Pick July 4/13. Up 19.48%.) Likes to own cyclical mining companies when everybody hates the commodity. Half of the global, sea borne metallurgical coal capacity can’t make money. This is a precursor to a rise in coal prices. Copper is on a bit of an upswing. There is also the hidden gem of zinc which is $1, where they make a lot of money. 3.5% dividend yield.


Price:
$25.720
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-07-02 SELL David Cockfield

Sold all of his holding some months ago. Copper prices have been sort of improving, but the copper industry is still under cost pressures. 3.5% dividend yield.


Price:
$25.400
Subject:
CANADIAN
Bias:
DEFENSIVE
Owned:
No
2014-06-27 DON'T BUY Dennis Da Silva

Coking coal is their issue, which is extraordinarily weak, and you see it play out on their stock price. Thinks 85% of their EBITDA is from coking coal and copper. Copper is not an issue, and coking coal is about 50% of overall EBITDA. So it is very leveraged. He has a preference for nickel, copper or even zinc, especially within the next 2 years.


Price:
$23.870
Subject:
CANADIAN RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2014-06-23 HOLD Norman Levine

He bought recently because he thought the valuation was good and the penalty for commodity prices was overdone, especially coal.  Sentiment towards China is improving.  Have some patience.


Price:
$24.440
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-06-17 COMMENT Ross Healy

The stock has been bouncing along at a level that is at about 75% of BV. There is nice technical support in there, and this is the 3rd time it has hit there. Stock is cheap, but the bad news is that the earnings forecasts momentum is still running negative. This makes it difficult for the stock to get going.


Price:
$23.270
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-06-11 WAIT Bruce Campbell (1)

Entry point of under $24, is probably not bad here. You have iron ore bumping along, and you need China’s growth for the prices to be highly profitable. They also have the copper side. He would rather wait until there were better macro signs from China. It could be flat for several more quarters. An alternative could be Hudbay Minerals (HBM-T).


Price:
$23.770
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
No
2014-06-06 DON'T BUY Don Lato

This seems to be going sideways to down. Part of the problem is coal and their exposure to China. There is still growth in China, and will be for several years, but the impact on commodity prices, and therefore the mining companies coming out of the growth in China is a story of a few years ago, and not a story that is going to resurface anytime soon. This company still pays a decent dividend. Earnings this year are forecast to be just slightly ahead of the dividend, so there is a little concern that there might be a cut at some point.


Price:
$23.640
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2014-06-05 COMMENT Ryan Bushell

This has been a volatile company. Going forward, better days are ahead.


Price:
$24.070
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Yes
2014-05-07 HOLD Douglas Kee

3.5% dividend while you wait.  The company has done everything possible to lower their costs so it is now a call on Met coal costs.  He believes 2015/16 is when you want to own this one so he has been buying over the last year and a half.  Dividend is safe.  In terms of an exit strategy, he would get out if he found something better to do with the money.


Price:
$24.280
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2014-04-28 SELL John Zechner

Moved his money into FM-T.  Met coal still looks soft.  They are oversupplied right now.  TCK is great operators, but all their excess cash flow is going to flow into their oil sands project, so no acquisitions or dividend increases.  In terms of a metals play, prefers FM-T.


Price:
$24.260
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-04-28 BUY on WEAKNESS Peter Brieger

What they do is dependent on coal prices. 


Price:
$24.260
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-04-24 BUY Darren Sissons

After a 20 year super cycle, the mining sector is finally over.  The demand from developing countries is expected to continue.  TCK has a very strong balance sheet.  They recapitalized.  Very good dividend that should be sustainable for at least a couple of years.  Coal is struggling, copper will be in demand.  There is some exposure to the SU-T asset.  Out of favour and you will see some recovery.


Price:
$24.770
Subject:
GLOBAL LARGE
Bias:
BULLISH on EMERGING MARKETS
Owned:
Yes
2014-04-22 HOLD Colin Stewart

If you own, holding on is not a bad play. A pretty beaten up stock and has been an under performer for a while. Metallurgical coal business has been very tough. Also, have assets in copper which has not been great lately. One strong part of their market has been zinc, whose prices have been picking up a little. When you see an earnings release that is below expectation and the stock doesn’t go down, it may be a sign that we are close to bottom.


Price:
$24.580
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
No
2014-04-16 HOLD Rick Stuchberry

This company needs to get Asia going because their basic sales are into Asia. China is taking on an economy that was totally export oriented, and changing it into a consumer oriented economy and yet still growing. If you see the materials side start to move, then you could add a bit more.


Price:
$24.400
Subject:
CANADIAN LARGE & ADRs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
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