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Teck Resources Ltd. (B) (TECK.B-T)

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Teck Resources Ltd. (B)
TECK.B-T

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Signal	Opinion	Expert
TOP PICK	Teck Resources Ltd. (B)(TECK.B-T) January 21, 2019 The space is good and this one has done a good job on their balance sheet. It is more of a trade than an investment. Buy it when it is down and sell it when it is up. If it got up there he would look at selling it. So much of it is managing the debt part of the equation. They have done a good job of fixing the debt problem. (Analysts’ price target is $40.46) precious metals 0 0 0 0 0 0 comments	The space is good and this one has done a good job on their balance sheet. It is more of a trade than an investment. Buy it when it is down and sell it when it is up. If it got up there he would look at selling it. So much of it is managing the debt part of the equation. They have done a good job of fixing the debt problem. (Analysts’ price target is $40.46) precious metals 0 0 0 0 0 0 comments Rick Stuchberry Portfolio , Wellington-Altus Pri... Price $30.700 Owned Yes

DON'T BUY	Teck Resources Ltd. (B)(TECK.B-T) January 18, 2019 He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00) precious metals 0 0 0 0 0 0 comments	He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00) precious metals 0 0 0 0 0 0 comments Norman Levine Managing D, Portfolio Management... Price $30.630 Owned No
PARTIAL BUY	Teck Resources Ltd. (B)(TECK.B-T) January 15, 2019 In a good position now. Commodity companies valuations and multiples are very low. But ask what is the stability of earnings. TECK is well positioned, balance sheet's in better shape. Good exposure to copper and coal. Multiples are attractive enough that long-term investors can start to chip away at it. precious metals 0 0 0 0 0 0 comments	In a good position now. Commodity companies valuations and multiples are very low. But ask what is the stability of earnings. TECK is well positioned, balance sheet's in better shape. Good exposure to copper and coal. Multiples are attractive enough that long-term investors can start to chip away at it. precious metals 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $30.000 Owned Unknown
TOP PICK	Teck Resources Ltd. (B)(TECK.B-T) January 10, 2019 It has the best chart of all the base metals. We are chewing though the resistance from the downtrend in November. It has an excellent balance sheet. (Analysts’ price target is $40.92) precious metals 0 0 0 0 0 0 comments	It has the best chart of all the base metals. We are chewing though the resistance from the downtrend in November. It has an excellent balance sheet. (Analysts’ price target is $40.92) precious metals 0 0 0 0 0 0 comments Hap (Robert) Sn Chief Port, Castlemoore Inc.... Price $30.180 Owned Yes
COMMENT	Teck Resources Ltd. (B)(TECK.B-T) January 9, 2019 Hudbay vs Teck. These are two different companies. Teck being more focused on coal, copper and zinc. Hudbay is more copper and zinc. He would prefer Teck. As these do not provide any yield, he does not stay on top of these ones. He would stay on the sidelines for these given the trade issues globally. The next Presidential election will likely help define the future -- it will be uncertain until then. China will continue to be a big consumer and supply is being curtailed at these low commodity prices. The inventory situation will be improving over time, but it is still too early. precious metals 0 0 0 0 0 0 comments	Hudbay vs Teck. These are two different companies. Teck being more focused on coal, copper and zinc. Hudbay is more copper and zinc. He would prefer Teck. As these do not provide any yield, he does not stay on top of these ones. He would stay on the sidelines for these given the trade issues globally. The next Presidential election will likely help define the future -- it will be uncertain until then. China will continue to be a big consumer and supply is being curtailed at these low commodity prices. The inventory situation will be improving over time, but it is still too early. precious metals 0 0 0 0 0 0 comments Dennis da Silva Managing D, Middlefield Capital ... Price $30.210 Owned No
DON'T BUY	Teck Resources Ltd. (B)(TECK.B-T) January 9, 2019 Industrial commodities, which are linked to growth in EM and China, which is slowing down. So that's why copper prices are plumbing lows, and gold is lukewarm. Until global production has bottomed or is accelerating, he'd be wary of buying a deep cyclical like this one. precious metals 0 0 0 0 0 0 comments	Industrial commodities, which are linked to growth in EM and China, which is slowing down. So that's why copper prices are plumbing lows, and gold is lukewarm. Until global production has bottomed or is accelerating, he'd be wary of buying a deep cyclical like this one. precious metals 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $30.210 Owned No
BUY	Teck Resources Ltd. (B)(TECK.B-T) December 31, 2018 They are cleaning up their balance sheet. They can do share buybacks and raise dividends. It's held up well since October in this down market. Safe business. He recently bought it. precious metals 0 0 0 0 0 0 comments	They are cleaning up their balance sheet. They can do share buybacks and raise dividends. It's held up well since October in this down market. Safe business. He recently bought it. precious metals 0 0 0 0 0 0 comments Chris Stuchberr Portfolio , Wellington-Altus Pri... Price $29.390 Owned Yes
TOP PICK	Teck Resources Ltd. (B)(TECK.B-T) December 18, 2018 Great balance sheet. How the US-China trade war resolves will have a huge effect on TECK. If it breaks above $32, then it could revisit $40. Almost $2 billion in free cash flow. Strong upside potential from $40-60 if it breaks through. (Analysts’ price target is $39.86) precious metals 0 0 0 0 0 0 comments	Great balance sheet. How the US-China trade war resolves will have a huge effect on TECK. If it breaks above $32, then it could revisit $40. Almost $2 billion in free cash flow. Strong upside potential from $40-60 if it breaks through. (Analysts’ price target is $39.86) precious metals 0 0 0 0 0 0 comments Hap (Robert) Sn Chief Port, Castlemoore Inc.... Price $29.140 Owned Yes
DON'T BUY	Teck Resources Ltd. (B)(TECK.B-T) December 11, 2018 Has copper, zinc and oil exposure. She's not buying resources, because of global uncertainty. China is a big buyer of these. TECK is good at paying down their debt, though. Wait to see how the tarriffs play out. precious metals 0 0 0 0 0 0 comments	Has copper, zinc and oil exposure. She's not buying resources, because of global uncertainty. China is a big buyer of these. TECK is good at paying down their debt, though. Wait to see how the tarriffs play out. precious metals 0 0 0 0 0 0 comments Christine Poole CEO & Mana, GlobeInvest Capital ... Price $29.320 Owned No
DON'T BUY	Teck Resources Ltd. (B)(TECK.B-T) December 4, 2018 It's exposed to cyclical, industrial commodities. TECK produces metallurgical coal, steel and copper. They also have a stake in the Ft. Hills Oil Sands project. All these are tied to industrial production. World demand for these commodities could decrease in 2019. Given TECK's operating leverage, a 1-2% move in commodity prices could hurt their earnings 5-10%. precious metals 0 0 0 0 0 0 comments	It's exposed to cyclical, industrial commodities. TECK produces metallurgical coal, steel and copper. They also have a stake in the Ft. Hills Oil Sands project. All these are tied to industrial production. World demand for these commodities could decrease in 2019. Given TECK's operating leverage, a 1-2% move in commodity prices could hurt their earnings 5-10%. precious metals 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $28.780 Owned Unknown
DON'T BUY	Teck Resources Ltd. (B)(TECK.B-T) November 27, 2018 Volatile. You gotta be brave to invest in this. It's 100% dependent on commodity prices. He doesn't like that. He owns no minerals. precious metals 0 0 0 0 0 0 comments	Volatile. You gotta be brave to invest in this. It's 100% dependent on commodity prices. He doesn't like that. He owns no minerals. precious metals 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $25.790 Owned No
WAIT	Teck Resources Ltd. (B)(TECK.B-T) November 26, 2018 This is a tough case. He likes the company and the results have been good. It looks quite cheap. The underlying commodities, zinc and copper, are just so low. He would be more comfortable if there was firming in the commodity pricing. precious metals 0 0 0 0 0 0 comments	This is a tough case. He likes the company and the results have been good. It looks quite cheap. The underlying commodities, zinc and copper, are just so low. He would be more comfortable if there was firming in the commodity pricing. precious metals 0 0 0 0 0 0 comments Matt Kacur President, FSA Financial Scienc... Price $26.630 Owned No
TOP PICK	Teck Resources Ltd. (B)(TECK.B-T) November 12, 2018 Best risk-to-reward in the metal companies. Had $1.5 billion in cash. Trading at 3x enterprise value vs. peers at 5.7x. Its growing copper business will accelerate in the next year as it lowers costs. It's had a good move over the past two years. It's held very well in this space. Seasonality is in its favour, too. It's in a bullish pattern and it will be great if it breaks above $38. (Analysts’ price target is $40.04) precious metals 0 0 0 0 0 0 comments	Best risk-to-reward in the metal companies. Had $1.5 billion in cash. Trading at 3x enterprise value vs. peers at 5.7x. Its growing copper business will accelerate in the next year as it lowers costs. It's had a good move over the past two years. It's held very well in this space. Seasonality is in its favour, too. It's in a bullish pattern and it will be great if it breaks above $38. (Analysts’ price target is $40.04) precious metals 0 0 0 0 0 0 comments Hap (Robert) Sn Chief Port, Castlemoore Inc.... Price $27.290 Owned Yes
TOP PICK	Teck Resources Ltd. (B)(TECK.B-T) November 6, 2018 He hasn't been in materials for a long time, so this holding is new for him. TECK is in coal which is stable because they sell it to the Japanese who are long-term buyers. TECK is also in copper and the Oil Sands. Prices will be okay for oil. They've added a lot debt to the balance sheet, but he bought it because they're paying it off and can manage it. The materials cycle will start again; he's confident the tariff situation will resolve itself soon. It's had a big pullback. but boasts a clean balance sheet while earnings will grow. Emerging markets will turn around. (Analysts’ price target is $40.17) precious metals 0 0 0 0 0 0 comments	He hasn't been in materials for a long time, so this holding is new for him. TECK is in coal which is stable because they sell it to the Japanese who are long-term buyers. TECK is also in copper and the Oil Sands. Prices will be okay for oil. They've added a lot debt to the balance sheet, but he bought it because they're paying it off and can manage it. The materials cycle will start again; he's confident the tariff situation will resolve itself soon. It's had a big pullback. but boasts a clean balance sheet while earnings will grow. Emerging markets will turn around. (Analysts’ price target is $40.17) precious metals 0 0 0 0 0 0 comments Rick Stuchberry Portfolio , Wellington-Altus Pri... Price $27.610 Owned Yes
BUY	Teck Resources Ltd. (B)(TECK.B-T) November 6, 2018 He sold it, and did well with it. Very well-run. But he's afraid of the outlook of many materials though. If materials sell-off, he'll buy this. Quality people and deposits. precious metals 0 0 0 0 0 0 comments	He sold it, and did well with it. Very well-run. But he's afraid of the outlook of many materials though. If materials sell-off, he'll buy this. Quality people and deposits. precious metals 0 0 0 0 0 0 comments Rick Rule Pres. & C, Sprott USA... Price $27.610 Owned No

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