Teck Resources Ltd. (B) (TECK.B.TO) Buy, Sell…

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

HOLD

Cliffhanger story. Acquired Fording Coal at the top of the market and paid too much for it. Biggest independent mining company in Canada. Have a lot of good assets but a huge debt problem. Selling assets and wouldn't be surprised to see themselves some of their coal assets. He feels they will be able to do the things they want but there is a risk.

COMMENT

Many of the cyclical companies are very levered. The debt on this company is very expensive for anybody considering a takeover.

DON'T BUY

Got into a problem and are working to extricate themselves. Quite a bit of risk as they have a highly levered situation.

DON'T BUY

Thinks company will survive but is in a very bad place. Timing in terms of the coal acquisition could not have been worse. Debt is staggering. Selling assets will go a long ways to addressing the current debt problem. Have $5.4 billion debt facing them in October, which will be a challenge.

DON'T BUY

There is no huge rush to own this. Have a lot of financing to do. Good assets. Canada has lost its senior mining positions and this is the company we are left with. This is a problem for sector players.

BUY

Looking out 2 to 3 years this is a great Buy. It is unfortunate that they got into the debt situation because of Fording but coal prices will come back. Regarding copper, China is buying now to build up their supplies to help their infrastructure boom.

SELL

(Market Call Minute.)

BUY

Highly levered situation so it is risky. Thinks it will make it and will probably double from here.

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DON'T BUY

Of the $11 billion they owe, 6 is due later this year. They may have to go into some form of court protection. May not be able to raise enough cash to pay debts. But coal prices have not come off as much as feared, copper has rebounded and they have managed to sell some small things.

DON'T BUY

20% stake in the Fort Hills project. You have to know if the possible merged company of Petro-Can (PCA-T) and Suncor (SU-T) will go ahead with the Fort Hills project or not. Have a high debt level with a lot needing to be refinanced fairly soon. There is a lot of risk here.

DON'T BUY

(Market Call Minute.) Wouldn't touch it right now. Would rather own the bonds as opposed to the debt if he had a choice.

BUY

(Market Call Minute.) Nice base. If it breaks through $5 it is going to take off.

HOLD

Ultimately it will come right. Changed itself from cash-rich to huge debt. Selling off assets and reducing its debt. Will improve greatly if commodities go up.

DON'T BUY

Likes metals. Biggest risk right now is the financing that will be needed. Have to rollover debt so are little constrained. Won't necessarily benefit from a turnaround in commodity prices. Will have to sell off some of their assets at cheaper prices.

DON'T BUY

If they can make it through this tunnel, they'll have quite a bit of leverage on the way back up. Copper has been having a nice bounce. If it goes above $2 he'll start considering the metals.

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