Teck Resources Ltd. (B) (TECK.B.TO)

Very good balance sheet. Also, pays a pretty good dividend of about 3%. In the longer-term, he really likes the outlook for their major products of metallurgical coal, copper.

Along with all the other base metal names, this rebounded very nicely. Over the long, long term, she thinks there is more upside to be had 1 to 3 years out. Very attractive buy slightly lower than its current level. Valuation is okay compared to its peers. Have done a great job of reducing debt so there is no a lot of risk.

Half base metals and half met coal. A China story. Steel and copper are more linked to China. Believes the macroeconomic environment is improving. Would add to them because of copper in a while.

Copper, coal, zinc. Copper is $3.27. Chinese numbers are a bit better, and if you believe that the global economy is growing, then copper hangs in okay. He would prefer an entry point of $1-$2 lower than here.

(Market Call Minute.), You could potentially buy more once we get past these uncertainties in the market.

Coal is not clean compared to Nat Gas but it is the cheapest source of the BTU. It will be here for a long time to come, but will get used less and less over the next decade.

Torn on this one. There is some value there and the stock is relatively cheap at this time but he thinks there is a significant shift in China and that the infrastructure story is behind us. It had peaked in 2011. Thinks there is still excess capacity to see a real sustained move in this type of stock. 3.3% dividend yield.

It’s about the last man standing in anything that is half big in base metals. This also has its coal element which can cause trouble. Still has oil/gas prospects of the very least. Below that level you have about 4 medium-size producers. You can have any of these companies but you have to hope for a recovery.

He has a small short. It is an emerging market issue,

As China improves, the demand for coal, copper and zinc will grow. 3.3% dividend yield.

S&P is going to retest the June lows. The TSX probably does not fall half of that. Resistance on Tech is likely to remain strong for a couple of months. Perhaps buy it on pullbacks. We have probably made an important low. The whole coal, copper space he is not wild about.

You can’t just sit on it. A strong company but it is subject to the economy. He got stopped out. It is becoming interesting again now. A lot of money is flowing into US large cap names, but now it is starting to flow here. A good entry point here.

(Market Call Minute.) It does appear that Europe is starting to grow a bit and China seems to be stabilizing so this is a good place to be.

Have articulated that they will continue with capital discipline. CapX has gone from $2 billion down to $1.85 billion. Have also looked to cut about $300 million in operating costs per year. Nice 3.32% dividend yield. Will benefit from the growth in the global economies.

Sold recently. It could have hit a bottom here. He re-deployed assets. Doesn’t think long term prospects are that bright. He is avoiding the sector.