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Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s):  TECK | TCKRF | T.TECK.B

Teck Resources Limited is a Canada-based mining company that operates in copper, zinc, steelmaking coal and energy segment. The Company’s operations and projects include Antamina, Cardinal River, Carmen de Andacollo, Elkview, Fording River, Fording River Extension, Fort Hills, Galore Creek Project, Greenhills, Highland Valley Copper, HVC 2040, Line Creek, NewRange Copper Nickel, NuevaUnion, Quebrada Blanca, Quebrada Blanca Phase II, Quintette Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a large copper and zinc mine, located in the Andes Mountain range of Peru. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile. The Fording River Extension Project is located adjacent and to the south of Teck’s existing Fording River Operations. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.


TSX:TECK.A - Post by User

Comment by richc3on May 24, 2016 1:01pm
215 Views
Post# 24899873

RE:Why down so hard with copper and oil

RE:Why down so hard with copper and oil
  1. Possible rate hike in June.
  2. Commodites took a hit yesterday and weren't really factored in until today because TSX was closed.
  3. Fire in Alberta may stall Fort Hills by I believe 1-2 weeks or more.
  4. I'd have to look at short interest for figures, but quite a few people are shorting Teck so we tend to have high volatility.
  5. (Speculative) At this rate, Q2 may not be as promising as Q1.

And I'm sure a couple other things that aren't going our way right now. Realistically though, Teck is more of a longer term play whereas day to day could make anyone wince.




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