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

In the short-term, it is going to have a very difficult time. Fording acquisition was very costly and their balance sheet is probably in distress. They may have to sell off more assets. You need the commodity market to come back full steam. Dead money for a little while.

BUY

The macro overview on commodities would include the faster growing middle-class of emerging markets, particularly China and India. This company would be in the forefront but you need a 3-year view. Expect it to be a spectacular performer.

PAST TOP PICK

(A Top Pick Dec 20/07. Down 82%.) Still qualifies in his model and the price is $28, a 395% upside.

PAST TOP PICK

(A Top Pick Dec 18/07. Down 82%.) Didn't like their Fording acquisition. Great company with great properties but, unfortunately, is run by an investment banker. Hold, but consider selling into strength.

DON'T BUY

At this stage, he wouldn't go into this one. If you want mining stocks for diversification, he would look at some of the global behemoths but you could wait another year or two.

SELL

Has a lot of debt and is risky. Likes the asset side of the company but the liability side is very worrisome. Will probably survive but will be volatile over the next little while. Consider taking a tax loss if you have gains they can go against.

HOLD

(Market Call Minute.)

SELL

Would stay away from anything in the mining sector right now. This company is in big, big trouble. If they can't raise the debt to secure the purchase of Fording Coal (FDG.UN-T), it's all done.

DON'T BUY

This is a complete bottom fish play, which he is not interested in. The Fording acquisition has some risk to it.

SELL

Likes this company, but at this price he is waiting on the metals themselves. They'll come on a little bit later. Energy, food and precious metals will be ahead of the curve. If you own, you could lock in some of the losses for now or switching to something else.

COMMENT

He would put in an order to buy at $5.90 to see what happens. With a volatile stock, this can work in your favour.

COMMENT

Keevil family owns multi-voting shares giving them control of the company so doesn't think it is a takeout candidate. Company is overly levered.

COMMENT

For short-term trades you can probably make money. For longer-term they took on large debt for an acquisition. May have to sell some assets. Also own part of oil sands, which probably will not be developed.

HOLD

If you own, wait a bit and let it base out. Don't Buy until the fundamentals start to turn. Alternatively, you could sell the stock, Buy a Call and not lose your position. (Talk to a financial adviser on this strategy.)

COMMENT

Too big for banks to let go. Will probably pay 50% of their loan down by the end of 2009 with $150 met coal prices. Coal would have to drop to $100 and stay there for a long time for them to get into further trouble. Levered way to play the credit crisis and the recovery as it is down so much. He is tempted to buy.

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