Teck Resources Ord Shs Class A T.TECK.A

RE:RE:RE:RE:coking coal starts to falter recently

[dalerules88]

further to MingZhu's point on copper v. zinc v. Teck prices in 2016, when Teck hit high 3's
- Teck is now a different company, so even though the price trend correlates (Teck/zinc/copper) more or less, some fundamentals differ considerably
- approx 4BLN less debt this time around
- lower interest rates and interest expense (roughly say 1/3 lower, if I recall)
- better coal margins
- better current zinc and copper prices (compared to 2016 lows)
- debt is termed out MUCH further, AND near-term (1-3 years) upcoming repayments are considerably less than in 2016 (don't recall exactly, but say 200-300/yr, vs. 600-700/yr in 2016)

so point taken, Ming, but I don't think Teck will get near 4 this time around, unless copper and zinc get to sub 2 and sub 0.70 respectively, for a length of time..  with China stimulus pending, I doubt that's likely, but if it does come to that, I'll be backing up the truck, so to speak