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

From an operating point of view, this is best in class in Canada. What they have done since the financial crisis until now, in terms of stability, has been fantastic. However, the commodity price environment has been detrimental. The one commodity that is doing well is zinc, but not enough to really lift the company out. Under $10 you really have to look at this.

precious metals

From an operating point of view, this is best in class in Canada. What they have done since the financial crisis until now, in terms of stability, has been fantastic. However, the commodity price environment has been detrimental. The one commodity that is doing well is zinc, but not enough to really lift the company out. Under $10 you really have to look at this.

precious metals
Zachary Curry

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

PricePrice
$9.330
Owned Owned
Unknown

COMMENT

First Quantum (FM-T) or Teck Resources (TCK.B-T)? His view is definitely more constructive on this one. It has zinc, coal, nickel. This type of company is always going to have ups and downs, but he feels the financial crisis from 2008-2009 with their debt levels, the management team came out looking much stronger. A good, well-run company.

precious metals

First Quantum (FM-T) or Teck Resources (TCK.B-T)? His view is definitely more constructive on this one. It has zinc, coal, nickel. This type of company is always going to have ups and downs, but he feels the financial crisis from 2008-2009 with their debt levels, the management team came out looking much stronger. A good, well-run company.

precious metals
Zachary Curry

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

PricePrice
$20.940
Owned Owned
No

HOLD

It has had a really big run-up.  Metals have started showing their head above water.  TCK.B-T is one of those companies where the prices were really under pressure and they had a really big debt load.  It comes down now to how things play out with their commodities. 

precious metals

It has had a really big run-up.  Metals have started showing their head above water.  TCK.B-T is one of those companies where the prices were really under pressure and they had a really big debt load.  It comes down now to how things play out with their commodities. 

precious metals
Zachary Curry

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

PricePrice
$31.450
Owned Owned
Unknown

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

In a 5-year chart, commodity and resource stocks should have resistance around this amount. As much is this is impressive, you are running into people who have bought this at higher prices a long time ago, and will likely be unloading. Upside is limited.

precious metals

In a 5-year chart, commodity and resource stocks should have resistance around this amount. As much is this is impressive, you are running into people who have bought this at higher prices a long time ago, and will likely be unloading. Upside is limited.

precious metals
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$24.110
Owned Owned
Unknown

COMMENT

Chart shows a very nice recovery in 2016, but now it is showing lower highs and lower lows. Going forward, he expects we’ll have periods of weakness going back to about $10 levels. You can’t talk commodities without talking about China. China is just going through a big party Congress. Historically, they dress up before the Congress, but after that they might go back to deleveraging. China is very highly leveraged. Doesn’t expect any hard landing, but just slower growth. Expects there may be some weakness at hand, but is looking at support of around $20.

precious metals

Chart shows a very nice recovery in 2016, but now it is showing lower highs and lower lows. Going forward, he expects we’ll have periods of weakness going back to about $10 levels. You can’t talk commodities without talking about China. China is just going through a big party Congress. Historically, they dress up before the Congress, but after that they might go back to deleveraging. China is very highly leveraged. Doesn’t expect any hard landing, but just slower growth. Expects there may be some weakness at hand, but is looking at support of around $20.

precious metals
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$28.680
Owned Owned
Unknown

COMMENT

Chart shows a very good base formation coming up from the beginning of 2016, but if the stock wants to go higher, we should not be hanging around below $30. The fact that this failed to get higher, means this will just continue to go sideways, maybe even trade a little lower.

precious metals

Chart shows a very good base formation coming up from the beginning of 2016, but if the stock wants to go higher, we should not be hanging around below $30. The fact that this failed to get higher, means this will just continue to go sideways, maybe even trade a little lower.

precious metals
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$29.520
Owned Owned
Unknown

BUY on WEAKNESS
Likes it in general, Well diversified across a lot of commodities. Very well managed in terms of operations.Long term good exposure to zinc prices. Would like it 10/15% lower.
precious metals
Likes it in general, Well diversified across a lot of commodities. Very well managed in terms of operations.Long term good exposure to zinc prices. Would like it 10/15% lower.
precious metals
Werner Muehelemann

Vice President and Senior Portfolio Manager, ING Funds...

PricePrice
$53.200
Owned Owned
No

DON'T BUY
Prefers other metals than zinc.
precious metals
Prefers other metals than zinc.
precious metals
Vincent Delisle

Investment Strategist, Desjardins Securitie...

PricePrice
$11.470
Owned Owned
Unknown

BUY
Likes the base metal sector. A TOP pick is Alcan, followed by Inco #2 and Teck #3.
precious metals
Likes the base metal sector. A TOP pick is Alcan, followed by Inco #2 and Teck #3.
precious metals
Vincent Delisle

Investment Strategist, Desjardins Securitie...

PricePrice
$11.220
Owned Owned
Unknown

BUY
One of their biggest weightings. Has a nice set of assets. Will probably get revalued when Noranda gets taken over and the market wants to participate in a base metal group.
precious metals
One of their biggest weightings. Has a nice set of assets. Will probably get revalued when Noranda gets taken over and the market wants to participate in a base metal group.
precious metals
Veronika Hirsch

Chief Investment Officer, Arrow Capital...

PricePrice
$30.250
Owned Owned
Yes

WAIT
The best managed mining company in Canada by far. In the short run, you have the uncertainty as to how much they will pay for Inco (N-T) if they get it. Wait to see how the whole scenario will get resolved.
precious metals
The best managed mining company in Canada by far. In the short run, you have the uncertainty as to how much they will pay for Inco (N-T) if they get it. Wait to see how the whole scenario will get resolved.
precious metals
Veronika Hirsch

Chief Investment Officer, Arrow Capital...

PricePrice
$68.680
Owned Owned
Yes

HOLD
Now that we've lost Falconbridge and presumably Inco (N-T), this is the remaining blue-chip metals stock in Canada. Best managed in their sector. September will continue to be weak and there will be a better opportunity to buy at the end of Sept.
precious metals
Now that we've lost Falconbridge and presumably Inco (N-T), this is the remaining blue-chip metals stock in Canada. Best managed in their sector. September will continue to be weak and there will be a better opportunity to buy at the end of Sept.
precious metals
Veronika Hirsch

Chief Investment Officer, Arrow Capital...

PricePrice
$74.000
Owned Owned
Yes

DON'T BUY
Very good company with very good assets has got themselves into problems with the balance sheet. Have a bridge loan that has to be refinanced. Until it's done, the market is not giving them any benefit of the doubt.
precious metals
Very good company with very good assets has got themselves into problems with the balance sheet. Have a bridge loan that has to be refinanced. Until it's done, the market is not giving them any benefit of the doubt.
precious metals
Veronika Hirsch

Chief Investment Officer, Arrow Capital...

PricePrice
$5.000
Owned Owned
Unknown

WAIT
There is nothing wrong with it per se except for the environment. There is slowing demand for coal. Both demand and production are slowing down. It is not a good time to buy it with all the uncertainty in Europe. Buy high yield dividend stocks.
precious metals
There is nothing wrong with it per se except for the environment. There is slowing demand for coal. Both demand and production are slowing down. It is not a good time to buy it with all the uncertainty in Europe. Buy high yield dividend stocks.
precious metals
Veronika Hirsch

Chief Investment Officer, Arrow Capital...

PricePrice
$30.730
Owned Owned
Unknown

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