Topic: How To Invest

The Successful Investor Hotline – Friday, July 14, 2017

Article Excerpt

TECK RESOURCES LTD., $24.39, Toronto symbol TECK.B, is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces zinc and copper. The stock rose 7% this week on media reports that the company is now negotiating a new deal to sell coal to the Steel Authority of India Ltd. (SAIL). That state-owned firm is one of the world’s largest producers of steel. SAIL currently gets most of its coal from mines in Australia. However, a cyclone forced many of those mines to shut down earlier this year. That storm disrupted shipments and caused coal prices to spike. Importing more coal from Teck’s mines in B.C. would cut SAIL’s risk. OUR RECOMMENDATION: Teck is a buy. Teck Resources recent coverage Hotline for June 30, 2017 Hotline for June 23, 2017 PENGROWTH ENERGY CORP., $0.92, Toronto symbol PGF, produces oil and natural gas in Western Canada and off the coast of Nova Scotia. The company continues to sell its less-important properties and apply the cash…