Investment Q&A

Q: What are your thoughts on today's announcement regarding their latest financials as well as the dividend cut. I got stopped out at $ 15.90 but wondering now if I should re-buy (even if it's a little higher). Do you see it going much below $ 16.00 in the next few months ?

Q: Hi Peter. I sold 300 shares of Teck yesterday and was planning on buying them back today but Andy Bell said this morning that the trades made during the halt would be undone. My trade was late in the day. 12:30ish in BC. How will I know if my trade is being undone and when will I know? Thanks for any info.

Q: Hi guys, what would your current opinion be for Teck resources based the reliability of the dividend for the forseable future and the potential upside related to the possibility of coal tariffs being lifted by the Chinese.

Thanks

Q: Is it time to pick up some tck.b?
I have no other commodities except 8% mid size oil/gas (wcp,cnq,etc.) Thanks Bob

Q: Tech is in free fall, but is the price drop warranted? There are three main commodities but nothing is really new: 1. Copper has been range bound, is currently on the low side, the strike at one mine hasn't effected operations, and a slow world economy is unchanged, 2. Zinc is fine, 3. Met coal is under pressure but that too is not new (management believes that excess supply is being worked off but will take some time).

Which leaves Energy, meaning the Fort Hills oil sands project. This does not start to produce until 2-3 years out and the capex remaining appears to be available. It's maybe a $3B project which is not excessive given Teck's size. The main partner is SU (safe).

On a price book it looks very cheap (below 0.5). Management believes liquidity and capital are strong. Also, it weathered 2008-09.

So why the free fall? At what price does it become a buy?

Thanks, Mike

Q: Hi,

Teck has taken a large hit recently. What is your view on buying some now for the medium term (say 2-3 years) and how safe is the dividend in the next 12 months.

Q: Hi Team
I am going to buy a little Teck for longer term hold. The last questions you had were in early October when the price was north of $20 - now it is sub $18. What price would you put on your blue ticket?
Thanks Jim

Q: Today I checked out INK insider selling/buying reports on all 40 or so stocks I hold, a very conservative diversified across all sectors mix of mostly dividend growing and paying US and canadian stocks. INK indicates almost all of my positions have net insider selling except TCK.B. which has small net insider buying. I have never done this exercise before. How useful do you find insider buying/ selling info. Is this perhaps an indication the market is frothy and perhaps we should be selling some portion of our positions and not buying? Teck as a long term hold does look pretty good right now, would you buy?
Thanks Manfred

Q: Hi Petet and team,
Teck had a big drop today, is it a buying oppurtunity or a wait and see?
Great job this year,very happy I joined 5 I.

Q: Hello Peter and company. I was hoping to have your view on Teck Resources..TCK.A.. I am looking at cash levels and prices on its various business segments on a forward basis. It looks like there is a significant misunderstanding of impacts and there could be a floor and $21.00-$20.00 area. I already have a position. Is the Dividend safe in your view. Thank you Jason

Q: hello team,
I was wondering about Teck TCk.b. What is the future for itdo you think. i have been thinking about buying it my rrsp and immediatly afterward selling a corresponding amount it in my non registered account for a tax loss. Ican't see anything wrong with this strategy, although i could be missing something. sdo, my question mainly hasto do with how you see Teck
thanks claire

Q: Hi:
Congrats on a successful bike ride for the kids!!!!
My question is about Teck which had a high volume Friday and is falling to-day. It is setting new 52 week lows. Is there any news that is causing this sell off?

Thank you

Q: Would this be a good time to buy TCK.B. Your thoughts please.
Thanks so much.

Q: What is the best 1 or 2 small to mid cap stocks to play zinc deficit and zinc price rise. Dave

Q: Hi,

I currently have a well diversified portfolio with a good mix of large and small cap stocks. I was thinking of possibly replacing TCK.B (with a minor gain). Could I get your input on a suitable replacement, or if I even should be replacing it at this point?

Q: TCK.B: I have been keeping my eyes on this one for a while looking for an entry point. I realize that this Co. is tied to coal for steel making and copper and zinc which are all economically sensitive. At some point as the EU and Chine pick-up a bit and price increase for their commodities this should help? Is the dividend safe under current conditions-I am retired and own no other resource stocks other than VET, CPG & BTE which with reinvested dividends have served me well over the last 5 yr.

Q: I have held S (2% weighting) for just over 2 years and am finally back to par. I do not need to raise cash and it is my only holding in the materials sector outside of gold. My portfolio is weighted towards income (71 years old). Would you sell here and what would be a good replacement?

Thanks Team

Q: I am in bargain hunting mode having watched Teck hit a new 52 week low today; also, G, SLW, BTO and XGD have all tanked since buying them a couple of weeks ago.
Is the risk/ reward in my favor right now?
Would you buy any of these now or would you wait?

Thanks for all you help and guidance.

Q: What is your thoughts on TCK.B? You've indicated in the past that the company is well managed, but due to falling commodity prices the stock value has fallen substantially. Do you feel that now is a good opportunity to purchase shares in Teck?

Also, do you see any reason to own TCK.A over TCK.B?

Q: Hi Peter:
Just wondering what is going on with TECK. It has dropped over 5% in 2 days. Now at its lowest point since July.

Thank you