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TSE:TECK.B

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

95.46
-1.64 (1.69%)
as of Oct 13, 2026, 8:00:00 pm Market Open.
552 watching
0
COMMENT

Likes it but hasn’t been adding much to his holdings recently. Coal prices are still under a bit of pressure. Great copper exposure.

DON'T BUY

Now is a negative period of seasonal strength for stocks like this. Tend to be under a lot of pressure this time of year. Mining and metal stocks tend to move higher, normally from around the end of November right through until the end of May each year. Chart shows a very long downward trend from the beginning of 2011 with an accelerated downward trend in 2012. Watch the technical action for coal in Market Vectors Coal ETF (KOL-N). It has come down a long ways but hasn’t shown any signs of bottoming yet. Probably November will be a better time.

BUY

Starting to look interesting at under $30 as long as there is not a huge global economic contraction. China just announced a cut back in copper production, which should help the copper price, which in turn should help this company. A little more uncertainty on the coal side.

DON'T BUY

Blue chip Canadian mining company. Big asset exposure in copper, zinc and metallurgical coal. If you are looking for a way to play basic materials in Canada, this is about as good a place as you can find. His concern is the negative data out of China.

DON'T BUY

(Market Call Minute) She is not crazy about coal prices.

SELL

It is hard to do but ask yourself why it is going down. It is the marginal barrel of oil that sets the price. A little bit of a drop in demand can really devastate the price of oil. It might be a candidate for a short – you might. Prefers to short based on something you can predict.

HOLD

Fairly risky. Thinks this one is oversold. Fair value is in the $50 range.

PAST TOP PICK

(A Top Pick Aug 2/11. Down 36.9%.) Stock price is reflecting a lot of bad news. Trading at a big discount to NAV. Obviously it is the global growth concerns. Low-cost producer so will generate a lot of money even at these prices. Paying 10% on long-term debt and are renegotiating.

WAIT

Would love to see them get down to his last line, which is $19. It would be a good bottom for it and it may take time for it to go there.

COMMENT

All of the commodity stocks have been hit and this is a complete disaster. Not selling because he likes the dividend.

DON'T BUY
He is only interested in owning commodities stocks when the commodity is either at a high level or is going up. This companies commodities prices are depressed and not going anywhere. If commodity prices start to change, this is a great company. These are trading stocks, not investing stocks.
COMMENT
He has been looking at this name since the spring. He had been hoping to pick it up at around $35 but it fell further. Chart shows a massive head and shoulders pattern. You could buy it right now and put a real tight stop of $25 on it.
TOP PICK
Have been creamed. Well-managed company and a good balance sheet. Well diversified in met coal, copper and zinc. Going through an expansion program, which is low risk, basically adding on to what they already have.
BUY
Continues to trade at very attractive valuations. Really a play on copper and, to a lesser degree, metallurgical coal. Have a number of very attractive projects that provide identifiable growth over the next number of years. Very strong balance sheet.
COMMENT
Long-term this is a great company and will do very well. Great coal resources and great growth in copper. When global growth is slowing, people are afraid of a hard landing in China. If you can put it in a box for five years and not look at it, this would be fine to own.
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