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

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

85.38

+1.45 (1.73%)

as of Nov 6, 2026, 9:00:00 pm Market Closed.

552 watching

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.

DON'T BUY

Thought the Fording Coal acquisition was ludicrous and he made a mistake in not Shorting. You have to have a really strong stomach for this now. Twice as volatile as the Composite Index.

COMMENT

Hit by a perfect storm. Bought Fording Coal at the peak and took on a lot of debt. The big thing facing them is a big payment due in October. In order to make that payment they will have to sell some assets and this is not the right time.

PAST TOP PICK

(A Top Pick Feb 8/08. Down 89.2 %.)

DON'T BUY

Acquired Fording Coal at too high a price and they're going to have to figure out a way to pay the bridge loan. This will likely include selling off a substantial amount of assets.

PAST TOP PICK

(A Top Pick Feb 1/08. Down 90.2%.) Doesn't like the sector and doesn't think there is a lot to drive this to get a whole lot better. Extremely speculative.

SELL

(Market Call Minute.) Too much leverage. Probably a survivor but there is a risk they will be forced to sell their best assets.

DON'T BUY

Paid too much for Fording at the top of the last cycle and now have a debt problem. At some point, bondholders have a right to demand payment and this is the issue this company faces.

COMMENT

Asset rich and NAV poor so unlikely will be taken over. More likely it will be buyers for pieces of the assets. Extremely sensitive to coal price now which is being quoted from $125-$200. He thinks they will sell enough assets by the fall to survive and pay off the debt that is due.

DON'T BUY

Gotten themselves boxed by making a big acquisition near the top of the market. Financing has become very difficult for them. Have been selling assets. It's hard to know if they will be able to meet all the covenances and get the money.

DON'T BUY

A tough one for a lot of Canadian investors. Had been a wonderful company for a long time. Took a big bite when it bought the coal assets and are now paying for it. Coal shipments are down 10%, which hurts the cash flow. Have a $5.8 billion bridge loan coming due in September.

COMMENT

Unfortunately acquired Fording Coal at the top of the market and took on large debt. Once commodity prices rebound, it should go higher.

WAIT

Bought Fording just before the peak in the market so timing was brutal. A good strategy with this company would be to wait all of 09 because they have so many debt maturities coming due and there is so much concern on how they're going to finance them.

DON'T BUY

Zinc mines are closing all over. Large debt. Coal started to fall right after they bought Fording. They need to see global steel making get strong again and that people feel the base metal story has legs. Will be a while.

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