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

What they do next year will be very dependent on what China does and on the global economy. China seems to be stabilizing. New targeted rate is 7.5%. China is a big consumer of Met. Coal. TCK has pretty good support here. Low cost operations and are increasing production in both coal and copper. If we go back into a recession then this stock will probably go even further.

Coal market and iron ore market have turned. Prices are run down. Cost of production has come down. Now you are seeing a build up the other way. Copper looks good. It's a recovery play. He has been buying recently. Global consolidation of the resource sector at this point and that wont hurt them.

One of the biggest base metal and bulk material mining company in the country. Their main product is coking coal, used for steel production. Also, have some copper and zinc as well as some exposure in the oil sands. Stock did very well coming off the 2009 trough but recently has been pulling back, probably because of the slowdown in China and slowing demand for their main product. We are now seeing a bottoming of their product so the stock is bouncing a little bit. A lot of potential mid-term and longer-term but in the shorter term, watch to see if the economy picks up.

If you own it hold on to it but it is the wrong part of the cycle to buy it. There is no indication that China, Brazil and India, have reached bottom and Europe is still a basket case. There is no indication of an industrial turnaround.

We are seeing a bottoming of activity in China but feels it will start showing some additional strength, especially with their new leadership. He is looking to double his position in the reasonably near future.

Concerned about China so he sold his holdings. All his research tells them that they have so much coal sitting in ports waiting to be unloaded. Feels the dividend is safe. Balance sheet is good. Management is top quality.

If you are doing tax planning and wanted to lock in some losses right now, why not do it. Doesn't think we will see the basic materials stocks run significantly in the 4th quarter. You can always buy it back after waiting through the hold period.

Likes this under $30. Very solid company. He still believes the commodity sector has some potential. Positive on what is happening in China. Economics in the US are improving, particularly in the housing which will help copper.

There is going to be a time when these commodity plays are going to be great buys. Chart indicates that right now we are in the middle of support and resistance. Have some trouble with the coal issue right now. Great Canadian company. Feels it is perhaps a bit too early at this time but doesn’t see anything wrong with taking half a position.

Good, solid, quality company. Coal and copper are its 2 big commodities which are tied to economic growth and in coals case, tied to Chinese economic growth. There is still enough uncertainty there. This is in the camp where you Buy when you are surer of the economics.

Speculating that data gets better. He would be cautious. This is a play on the whole sector. He would look to what is working.

Owns a little bit and it’s on his potential disposition list. Not that happy about its coal business right now. There are shiploads of coal floating off China’s coast waiting to be unloaded because there is too much coal in China right now. Also, demand for zinc doesn’t seem to be there right now.

(Top Pick May 17/12. Up 2.32%.) Underperformed given the weak met coal prices however it is properly positioned for the copper market and an ultimate recovery in coal prices.

We are at a time when every one knows things are slowing in China. It is tough and when everyone knows how tough it is, companies get de-risked. Capacity of met coal is coming off in Australia.

Sold some of his position when it got into the high $30’s and hasn’t bought back in yet. His shorter-term worry is with the metallurgical coal market. He would be comfortable adding back to his position at under $30.