TSX:TECK.A - Post by User
Comment by
riddle5on Jul 27, 2017 1:24pm
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Post# 26517307
RE:Looks good to me
RE:Looks good to meNewguy23 wrote: I was wondering if the downtrend post-call is due to the info that Total is the weak link in spending at Fort Hills. I don't see that as a negative though. I think they will either be taken to court or sell out at a reasonable price for Teck or Suncor who both have the means to take it on. Oil is near production with upward pressure on the commodity by the time of production for sure. All other commodities looking good. Dr. Copper on upward trend, met coal steady at healthy level and other global growth indicators looking not to shabby (case in point - caterpillar results and outlook). I think that there will be an overall shift to bullishness on all commodities in the next year as signs of growth continue and manipulators exit short bets. JMHO.
I agree on all accounts, that's why it is perplexing to see the share price where it is. Given the beat, FCF and future growth for this company, I would have expected a much bigger pop today- especially consdering how the gold company's share price have moved on similiar positive results.