TSX:TECK.A - Post by User
Comment by
MissingA9on Apr 06, 2016 5:45pm
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Post# 24738531
RE:TCK.B
RE:TCK.B
Tck mines coal (primarily), copper, Zn, wants to dabble in Tar sands. Has 9 B in debt
coal - dying industry. glut. banks refuse to lend to coal companies
oil - massive glut - heading down to test 2016 lows
Zn - global recession will cut demand
copper - massive over supply. Reserves massive in chinese warehouses. Copper prices heading back to under 2 bucks
BANK PROFITS!!!