Teck Resources Ltd. (B) | StockChase
1455
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $29.8600 on 2017-12-14

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals
1455
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $29.8600 on 2017-12-14

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals

Teck Resources Ltd. (B)


Signal Opinion Expert
COMMENT

Just reported and earnings were disappointing. Both zinc and copper were late on production. He likes the company. Longer-term goal, coal prices are still doing well. With higher commodity prices, they’ve been paying down debt quite significantly. A good stock to own if looking for a diversified resource exposure.

precious metals

Just reported and earnings were disappointing. Both zinc and copper were late on production. He likes the company. Longer-term goal, coal prices are still doing well. With higher commodity prices, they’ve been paying down debt quite significantly. A good stock to own if looking for a diversified resource exposure.

precious metals
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Manageme...

PricePrice
$28.840
Owned Owned
Yes

PARTIAL BUY

Has a small position in this, and is her only holding in the materials space. It recovered nicely last year on stronger iron ore prices, but that was temporary. It has moderated this year. Thinks it will slowly strengthen, but will be predicated upon Chinese demand. The Chinese economy is stabilizing and growing. This company is also exposed to copper and zinc. Zinc has been in an oversupply for a number of years, and has gone through the typical cycle, and the supply/demand dynamics are going to improve. There are going to be some weak days in the market, and would recommend that you scale into this.

precious metals

Has a small position in this, and is her only holding in the materials space. It recovered nicely last year on stronger iron ore prices, but that was temporary. It has moderated this year. Thinks it will slowly strengthen, but will be predicated upon Chinese demand. The Chinese economy is stabilizing and growing. This company is also exposed to copper and zinc. Zinc has been in an oversupply for a number of years, and has gone through the typical cycle, and the supply/demand dynamics are going to improve. There are going to be some weak days in the market, and would recommend that you scale into this.

precious metals
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$29.640
Owned Owned
Yes

BUY

It is the best performing large cap stock in Canada over the last year.  It is going to be a play on Chinese demand and perhaps north American infrastructure.

precious metals

It is the best performing large cap stock in Canada over the last year.  It is going to be a play on Chinese demand and perhaps north American infrastructure.

precious metals
Gavin Graham

Trustee, Pointbreak ETFs...

PricePrice
$31.920
Owned Owned
Unknown

BUY on WEAKNESS

Chart shows a downtrend, and it could drop a little more. It may come down to around $27 and go up from there. The whole base metal complex actually looks quite positive. It is these next 2 months where you are probably going to get a spot to get it a little bit cheaper. Try to get it somewhere south of $29 and you’ll be happy a year from now.

precious metals

Chart shows a downtrend, and it could drop a little more. It may come down to around $27 and go up from there. The whole base metal complex actually looks quite positive. It is these next 2 months where you are probably going to get a spot to get it a little bit cheaper. Try to get it somewhere south of $29 and you’ll be happy a year from now.

precious metals
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$31.920
Owned Owned
Unknown

COMMENT

This was the star of 2016, but has softened as met coal prices retreat from $300 to $150 a ton. What is not being factored in is that zinc prices continue to hit close to 5 year highs. Copper prices have fallen in the last little while, but are much higher than they were a year ago. It is generating incredible amounts of cash flow. Debt went down by $1 billion in Q4, and will probably do the same in Q1 of this year. At this price, you get upside optionality. You’ve got a much cleaner, better, safer company in which to invest. He bought more at under $28.

precious metals

This was the star of 2016, but has softened as met coal prices retreat from $300 to $150 a ton. What is not being factored in is that zinc prices continue to hit close to 5 year highs. Copper prices have fallen in the last little while, but are much higher than they were a year ago. It is generating incredible amounts of cash flow. Debt went down by $1 billion in Q4, and will probably do the same in Q1 of this year. At this price, you get upside optionality. You’ve got a much cleaner, better, safer company in which to invest. He bought more at under $28.

precious metals
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$28.580
Owned Owned
Yes

COMMENT

A violently cyclical company. The biggest positive is the zinc market, which is undersupplied. Exposure to coal is their main driver. There has been volatility in coal prices. The underlying economic growth should benefit the commodity cycle as a whole. Their Fort Hills exposure will be able to be funded from cash flow, which is positive. Be prepared for cyclicality. There has been a huge drive in the stock, mostly last year, so a lot of the value is in the name.

precious metals

A violently cyclical company. The biggest positive is the zinc market, which is undersupplied. Exposure to coal is their main driver. There has been volatility in coal prices. The underlying economic growth should benefit the commodity cycle as a whole. Their Fort Hills exposure will be able to be funded from cash flow, which is positive. Be prepared for cyclicality. There has been a huge drive in the stock, mostly last year, so a lot of the value is in the name.

precious metals
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd....

PricePrice
$28.840
Owned Owned
No

COMMENT

This has been benefiting from higher copper prices, and particularly on zinc prices that have been very strong in the last little while. This is also a coal producer. Seasonally, the stock does very well from about mid-October through until April. Unfortunately, the chart is showing it is forming a trading range right now. It is probably near the bottom of that right now. We still have periods of strength coming forward into early this spring, and there will probably be another test of the previous high, which will be the opportunity to take some money off the table.

precious metals

This has been benefiting from higher copper prices, and particularly on zinc prices that have been very strong in the last little while. This is also a coal producer. Seasonally, the stock does very well from about mid-October through until April. Unfortunately, the chart is showing it is forming a trading range right now. It is probably near the bottom of that right now. We still have periods of strength coming forward into early this spring, and there will probably be another test of the previous high, which will be the opportunity to take some money off the table.

precious metals
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$28.330
Owned Owned
Unknown

COMMENT

He is Short this name, as a pair trade against another mining company that is more focused on copper. The majority of this company’s revenue comes from metallurgical coal, and there is a lot of supply that is coming back online. Pricing is not holding up.

precious metals

He is Short this name, as a pair trade against another mining company that is more focused on copper. The majority of this company’s revenue comes from metallurgical coal, and there is a lot of supply that is coming back online. Pricing is not holding up.

precious metals
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$27.070
Owned Owned
Yes

COMMENT

He is a big fan of this company. It is just a matter of trying to get it at the right time, because it is going to be cyclical. They own some really great assets and are fairly diversified in copper, oil, etc. Valuation still looks pretty good.

precious metals

He is a big fan of this company. It is just a matter of trying to get it at the right time, because it is going to be cyclical. They own some really great assets and are fairly diversified in copper, oil, etc. Valuation still looks pretty good.

precious metals
Matt Kacur

President, FSA Financial Scienc...

PricePrice
$27.520
Owned Owned
Unknown

COMMENT

Attractively priced. At the current share price and where coal prices are, the stock is undervalued. If you bring the coal price down to $120, which is breakeven for the industry, this is still trading below its historical valuation. Plus, they have copper and zinc. He thinks the stock is oversold. A risk could be if China cuts back on its use of coal, like its premier had suggested.

precious metals

Attractively priced. At the current share price and where coal prices are, the stock is undervalued. If you bring the coal price down to $120, which is breakeven for the industry, this is still trading below its historical valuation. Plus, they have copper and zinc. He thinks the stock is oversold. A risk could be if China cuts back on its use of coal, like its premier had suggested.

precious metals
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report...

PricePrice
$26.340
Owned Owned
Unknown

COMMENT

An excellent company. They have done a lot to straighten out their balance sheet over the years. Had a great last quarter where they really exceeded street expectations, both from an earnings and revenue perspective. The problem was that the guidance was a little higher than the operating costs. The guide on capital expenditures was a little higher than the street expected. Overall this is a good company.

precious metals

An excellent company. They have done a lot to straighten out their balance sheet over the years. Had a great last quarter where they really exceeded street expectations, both from an earnings and revenue perspective. The problem was that the guidance was a little higher than the operating costs. The guide on capital expenditures was a little higher than the street expected. Overall this is a good company.

precious metals
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$26.910
Owned Owned
Unknown

DON'T BUY

Had owned this in the past, and what caught him totally by surprise was the tremendous increase in the price of coal, which he felt was a potential drag. Right now, the stock has pretty well taken in the improved prospects and is fully priced.

precious metals

Had owned this in the past, and what caught him totally by surprise was the tremendous increase in the price of coal, which he felt was a potential drag. Right now, the stock has pretty well taken in the improved prospects and is fully priced.

precious metals
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$27.250
Owned Owned
No

BUY

He really likes this and just recently entered it. An aggregation of a bunch of different commodities giving you exposure to met coal, copper, zinc as well as oil. He also likes the assets they own. Because it has pulled back from $35 a share, down to $26, this is an attractive entry point. There is some volatility, but being spread across 4 different commodities should dampen that a little.

precious metals

He really likes this and just recently entered it. An aggregation of a bunch of different commodities giving you exposure to met coal, copper, zinc as well as oil. He also likes the assets they own. Because it has pulled back from $35 a share, down to $26, this is an attractive entry point. There is some volatility, but being spread across 4 different commodities should dampen that a little.

precious metals
Veeral Khatri

Partner and Portfolio Manager, JC Clark...

PricePrice
$26.550
Owned Owned
Yes

BUY on WEAKNESS

They had a very strong fourth quarter and their guidance for the first quarter of this year because of pre-buying of Iron Ore in the fourth quarter on fears of prices spiking.  They had a big run.  Iron ore prices are not going to go back to the levels they were before.  The zinc outlook is quite favourable.  It is now getting back down to levels where she may pick up some more.

precious metals

They had a very strong fourth quarter and their guidance for the first quarter of this year because of pre-buying of Iron Ore in the fourth quarter on fears of prices spiking.  They had a big run.  Iron ore prices are not going to go back to the levels they were before.  The zinc outlook is quite favourable.  It is now getting back down to levels where she may pick up some more.

precious metals
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$27.980
Owned Owned
Yes

BUY

They had a fantastic run for a little more than a year.  He thinks this will continue.  The mining cycle should be three or four years long.  They have a lot of zinc revenue.

precious metals

They had a fantastic run for a little more than a year.  He thinks this will continue.  The mining cycle should be three or four years long.  They have a lot of zinc revenue.

precious metals
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$27.780
Owned Owned
Unknown

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