TSX:TECK.A - Post by User
Comment by
richc3on May 24, 2016 1:01pm
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Post# 24899873
RE:Why down so hard with copper and oil
RE:Why down so hard with copper and oil - Possible rate hike in June.
- Commodites took a hit yesterday and weren't really factored in until today because TSX was closed.
- Fire in Alberta may stall Fort Hills by I believe 1-2 weeks or more.
- 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.
- (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.