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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (57528)5/15/2019 8:07:17 PM
From: Goose94Read Replies (1) | Respond to of 203330
 
Teck Resources (TECK.B-T) top pick from Lyle Stein on BNN.ca Market Call Wed May 15th @ 1200ET

Another long-term cash flow machine: $3.5 to $4 billion from met coal, copper, zinc and oil, all profitable businesses. Teck’s balance sheet is excellent at 15 per cent debt-to-capital, with debt now upgraded to investment grade.

Teck is playing cycles very well. It built Fort Hills in low prices; now it’s getting higher prices. It added zinc into peak zinc prices. It’s now expanding copper (the Quebrada Blanco Phase 2 project) in time for the next cycle shortage expected in 2022 and beyond. Capital disciplined. Teck pays special dividends or buys back shares. Another contrarian call on the economic cycle.