TSX:TECK.A - Post by User
Post by
bosstradeon Feb 23, 2020 10:53pm
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Post# 30724098
Teck has a deal in the works to buy rather then develop. ATH
Teck has a deal in the works to buy rather then develop. ATHTo develop far too expensive when they can buy ATH with existing production and reserves to develop as prices increase. $1+billion will buy ATH with 40k barrels and huge reserves. The right down is $1+ billion, the same price to purchase ATH. Location is the same and they make money day one.
Imagine this deal is already done and why they announced now.