TSX:TECK.A - Post by User
Comment by
VOKBLVRon Apr 25, 2017 4:36pm
378 Views
Post# 26164863
RE:Misleading headline for TECK Q report in US
RE:Misleading headline for TECK Q report in USForecasts are always wrong (there is the odd exception) but who predicted lower coal orders in quarter one coupled with logistical problems in getting coal to the port. So they did not make guidance on coal shipments but they still made over a $billion in the quarter and reduced debt by another billion. (that is a reduction if 2 billion over 2 quarters).
If one steps back and listens to the webcast-it seems the problems with shipping product have been overcome and the next set of problems is setting the prices for the second quarter contracted sales when the second quarter is 1/4 over. Thanks to cycloone Debbie Teck has made a bundle in late March and April which will show up in second quarter earnings.
There are a bunch of lowlife who take pleasure in picking out a minor problem and using it to make spurious claims which the uninformed take as "The sky is Falling" news.
GLTA and eventually our dividend and credit rating will return.