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Gold/Mining/Energy : Teck Corporation TEK.A TEK.B Canadian "eh"
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To: ralfph who wrote (22)4/7/2001 7:09:14 PM
From: Davy Crockett  Read Replies (1) of 35
 
Hi ralfph,

<iI am bagholding this one(up 70 % so far) Congratulations... excellent return in this market!

Respectfully disagree with you here (6) Coal sales are up a tad because of the power problems.

(7) Long term -coal is not going to be a money maker because of the pollution problems and green house gases.

From what I have read & heard, I think coal will once again be a "HOT" commodity. Coal prices have increased exponentially the past year, but are still cheap. The U.S. needs energy & once again, coal will help fill the gap. Bush has already signaled that he has very little regard for the environment. I realize that scrubbers are very expensive to install in coal-burning facilities, but it would not surprise me to see the Bush administration pass less stringent environmental controls.
I am still working on my D.D. so any other information that you have would be very helpful.

Cominco will be shut down this summer (but it should make more money by selling power than it would making metal I thought that Cominco had already declared that they make more money shutting down their existing plants, while paying their workers to stay home.
I think TEK.b is well positioned to take advantage of the shortage of energy, the (hopefully) rise in POG.
Still working on my D.D. but as always the charts rule.
Good luck to us longs,
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