TSX:TECK.A - Post by User
Post by
VOKBLVRon May 09, 2016 4:06pm
224 Views
Post# 24855316
Bizzaro
BizzaroDown 11% today on no news- good or bad. Todays oil price is irrelevant in the big picture as we are not a producer, but a consumer as of today. Copper price weakness has some resonance but we are still very cash positive at today's number. Zinc market is fundamentaly in deficit and we are a lowest quartile producer and are cash positive. Fort Hills may incurr a delay of a couple of days as a result of the fires but remember the break even price of production from Fort Hills is about$25 dollars/ barrel. Now lets look at Met coal where the spot market is strong and improving-not only in China but also in India. With the recent bankruptcies in coal produceres in the US there will be a return to market balance and as a result improved earning from the coal division.
Other than looking at the stock price I am just standing here with egg on my face and cannot see who threw the eggs.