RE:RE:recoveryon copper, Teck has recently disconnected from copper correlation on short term trends;
long term basis, yes, but that's more so because copper is proxy for industrial demand, not necessarilly that teck correlates with copper pricing; seems that lately algo's are pulling copper, coke, DOW, TSX and volume interest parameters all together and trading accordingly, IMO;
for better correlation with copper, I suggest look at FM
unfortunately, today is one of these examples of disconnection between stock price and commodity pricing; seems to me Teck was getting repriced on the relative rebound off the 52wk low, relative to market today, rather than on fundamentals, notwithstanding the Fort Hills news, which should have already been baked in from Suncor release and notwithstanding the RBC target repricing, both of which are BS; seems these days lot of these large caps trade on relative value to one another and relative to 52wk high/low; If I'm right, Teck should end up beating the market, since it's fundamentally stronger than say the TSX60, considering the impending China rebound
IMHO