TSX:TECK.A - Post by User
Post by
vascris15on Sep 18, 2014 8:51pm
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Post# 22950365
teck resorces
teck resorces Teck Resources (TCK.B TSX)
Teck has been in a trading range between $22 and $31 over the last year and has recently been moving to the low end of that range. We do not expect any joy in copper and metallurgical prices over the next two or three quarters. However, zinc prices may well surprise on the upside. We like the company’s balance sheet and its cost control efforts and believe the dividend is in no danger of being cut given our outlook on coal and copper prices. When Fort Hills come on stream in 2017/2018, we believe Teck shares could be selling at least at double their current price. Again as with TransAlta, investors have to be patient as the shares could tread water in the short term.