TSX:TECK.A - Post by User
Comment by
courtney10on Aug 03, 2012 1:39pm
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Post# 20182069
RE: actually had to call IR because of the recent
RE: actually had to call IR because of the recent What a bunch of b/s they are telling you. Demand for there products is decreasing. The stock market is telling us that. Teck is spread out to thin, between the organic growth of copper, coal and the development of the oil sands. It is not going to have the money to do all three. The only way to see this price back to $40 is too increase the dividend, sell off some assets and hold off on expansions. Commodity prices are based on supply and demand, well demand is decreasing and these companies are continuing to increase supply at no regards to cost. Time to decrease supply. Eg- QB2, $5 billion investment for now, wait until the project costs much more.
I got sucked in and bought some in the 29's and some just under $31, one good market rally and hopefully i can get out and wait for the price to hit $20 or less.