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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
DON'T BUY
Seasonal trade on this starts the end of February beginning of March and he missed getting in. Chart shows a breakdown towards the end of March and the charge looks like it wants to visit the high $20's now. He would love to buy it but now is not the time. You want to see it get above the $35 level and even break the downtrend with some good volume.
DON'T BUY
China is certainly an issue for them but one of the other issues as well is coal. They are still a very major coal producer and with the weakness in natural gas prices, the alternative for electricity plants turning to natural gas as a choice is increasing dramatically.
WAIT
Has started a downward trend since the beginning of February, which is unusual on a seasonal basis. You have a couple of important support levels at the $29 level. You have downside risk to that level. Tck has a history of bottoming by November so there is lots of time.
COMMENT
(Market Call Minute.) Great Canadian company but he is nervous about steel production in China and would prefer and at $25.
BUY
Great assets and a good company and there is an increased demand for coal from China. Stock is going lower because of a big sentiment change. Good dividend.
COMMENT
Copper and met coal producer so this growth scare has hit them. This stock is going to be sensitive to economic concerns and cycles. It is hard to say what will happen in the near term but she thinks a lot of the scare is already baked in. Over the next year and beyond, she likes this name as these products are the ones that China imports.
BUY
Likes the stock and the business they are in. Chinese are still buying lots of coal. Metal side is okay. Expect if things continue to be reasonable, they'll put their dividend back up.
PAST TOP PICK
(A Top Pick Feb 18/11. Down 31.23%.) This is the only base metal that he is holding right now.
DON'T BUY
He doesn't own any mining stocks right now. Growth in China is easing, growth in Europe is negative and the US is positive but not great. You only want to own commodities when they are going up or stay at a very high level.
BUY
Looking out at year or 2, this is a terrific Buy. If you believe in the UN population projections, for today to 2050, Asia alone will probably add 1.1 billion new people on top of the existing 4 billion. They will be demanding higher standards of living which will consume all kinds of metals from Canada.
COMMENT
Long-term outlook on this stock is very positive. Short time there is some downside to the levels we saw last fall if the market falls 20%, which he expects. Will respond to the key commodities of copper and coal. Would buy into weakness.
TOP PICK
Gives you cyclicality, which you need in your portfolio. Has the potential to grow its dividend substantially. Balance sheet has been fixed. It will do more than survive.
PARTIAL BUY
This one is tricky because it is trading in a very narrow range right now. The drop that occurred in 2011 is obviously finished and it is now in a consolidation phase. When stocks break out of a consolidation, they usually move off in that direction. Moving to the $42 level is quite likely. Buy half a position now and if it breaks out, Buy the other half. Have a Stop at $35.50.
BUY
Likes it. It is cheap, Diversified metals exposure. Stock has been a little choppy. A name he likes going forwards. Have projects they will be bringing into production over the next couple of years.
DON'T BUY
Not crazy about it right now because China is slowing down. You need to be careful. Last year the seasonality trade would have lost you money. There are a lot easier places to go than the commodities.
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