Teck Resources (NYSE:TECK) has been on a bit of a bumpy road as of late, which is nothing new for long-term shareholders. The stock has a choppy past. But a couple of weeks ago, there was a
Teck: What Is Going On
Summary
- Teck has come under fire in recent weeks due to a combination of issues. The largest being Chinese copper demand concerns.
- Copper still has a very bullish future given the green energy and EV future that is coming down the pipe.
- Teck is set to become a top 5 global copper producer in a few years which could time nicely with a surge in copper demand.
A finance graduate from the University of Alberta. I have developed a trend-following strategy backed by solid fundamentals. Removing emotion from the situation is the hardest, yet most important lesson to learn.-"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
Analyst’s Disclosure: I am/we are long TECK. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.