teck resources

PLEASE NOTE: Next week, Wall Street Stock Forecaster, our newsletter that focuses on the U.S. stock markets, will reveal its #1 pick for 2011. If you’re not already a Wall Street Stock Forecaster subscriber, click here to learn how you can get one month — including the Wall Street Stock Forecaster Stock of the Year —FREE. ENCANA CORP., $32.00, Toronto symbol ECA, is selling its natural-gas processing plant in Colorado, as well as five pipelines that pump gas into this plant. Encana will receive $303 million when the sale closes by March 31, 2011 (all amounts except share price in U.S. dollars). To put this figure in context, the company earned $98 million, or $0.13 a share, in the three months ended September 30, 2010. The company did not say what it plans to do with the cash....

Anglo Swiss Resources, $0.25, symbol ASW on Toronto (Shares outstanding: 141.1 million; Market cap: $35.3 million, www.anglo-swiss.com), aims to build a mine at its 100% owned Kenville gold property near Nelson, in southeastern B.C. The company is also earning a majority interest in the 160-square-kilometre Nelson mining camp, south of the Kenville property. Both the Kenville property and the Nelson mining camp have produced gold in the past....

PLEASE NOTE: In next week’s Successful Investor Hotline, we’ll reveal our #1 stock pick for 2011. Don’t miss this unique opportunity to profit. TORSTAR CORP., $12.50, Toronto symbol TS.B, has received $40 million in connection with the takeover of The Globe and Mail newspaper by the Thomson family, which now owns 85% of the paper. BCE Inc. (Toronto symbol BCE) owns the remaining 15%. The proceeds are equal to 4% of Torstar’s $989-million market cap. The sale of The Globe and Mail is part of BCE’s plan to acquire full control of CTVglobemedia, the private company that owns the CTV Television Network, which consists of 27 TV stations. CTVglobemedia also owns 30 specialty channels and 34 radio stations. It also owned The Globe and Mail....

Every Wednesday, we publish our “Investor Toolkit” investing advice series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific advice on successful investing. Each Investor Toolkit update gives you a fundamental piece of investing advice and shows you how you can put it into practice right away. Tip of the week: “Sometimes it pays to pay a little extra and get a vote.” Some Canadian companies, such as Bombardier and Teck Resources, have two classes of common shares: voting and non-voting (or multiple voting and subordinate voting)....

Thompson Creek Metals Co. Inc., $14.08, symbol TCM on Toronto (Shares outstanding: 163.9 million; Market cap: $2.3 billion, www.thompsoncreekmetals.com), is a Canadian molybdenum producer with mining, milling, roasting and marketing operations in Canada and the U.S. The company’s operations include the Thompson Creek mine in Idaho, a roasting facility in Langeloth, Pennsylvania, and 75% of the Endako mine and roaster in British Columbia. Molybdenum is either mined directly, or recovered as a by-product of copper mining. The metal helps strengthen alloys and high-temperature steels, and prevents them from rusting....

EMERA INC., $31.13, Toronto symbol EMA, is Nova Scotia’s main electricity supplier. This week, the company agreed to participate in a major new hydroelectric project on the Churchill River in Labrador. Under the terms of the deal, Nalcor Energy, which is owned by the Newfoundland government, will build a new power plant at Muskrat Falls. Emera and Nalcor will then form a joint venture that will transmit the plant’s power to the island of Newfoundland. Emera will pay $600 million for a 29% stake in this new regulated transmission utility....

Inmet Mining, $61.60, symbol IMN on Toronto (Shares outstanding: 56.1 million; Market cap: $3.5 billion), is a Canadian-based mining company that produces copper, zinc and gold. Inmet operates five mines: Cayeli in Turkey, Pyhasalmi in Finland, Troilus in northern Quebec, Ok Tedi in Papua New Guinea and Las Cruces, a high-grade copper deposit in Spain. Inmet recently started up production on this last site. Inmet also has a 100% interest in the pre-development stage Petaquilla copper project in Panama. In 2008, Teck Resources opted out of the project, and development is suspended because the mine’s projected operating costs are above current copper prices. In the three months ended September 30, 2010, Inmet’s revenue rose 30%, to $313.3 million from $241.1 million a year earlier. Earnings rose 39.9%, to $86.1 million, or $1.53 a share, from $61.6 million, or $1.10 a share. In the latest quarter, higher copper and zinc prices increased Inmet’s revenue and earnings, as did the contribution from its new Las Cruces copper mine in Spain....

SNC-LAVALIN GROUP INC., $52.10, Toronto symbol SNC, has cancelled its plan to increase its stake in Highway 407, a 108-kilometre toll highway north of Toronto. The company owns 16.77% of the 407. Earlier this month, the Canadian Pension Plan Investment Board (CPPIB) agreed to buy 10% of Highway 407 from the highway’s main shareholder, Ferrovial S.A. of Spain. Ferrovial currently owns 53% of the 407. However, SNC said it would exercise its right of first refusal and buy the shares from Ferrovial. That would have increased SNC’s stake in the 407 to 26.77%....

Railways have been around since the 19th century, and they are still the safest, most energy-efficient way to move goods over land. They also face little competition from new competitors, because of the high cost of building new rail lines. Canadian Pacific remains our favourite railway for new buying. It has close relationships with major producers of coal, potash and other commodities. That gives it predictable revenue streams. As well, new, fuel-efficient locomotives and scheduling software are lowering CP’s costs. CANADIAN PACIFIC RAILWAY LTD. $63 (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 168.7 million; Market cap: $10.6 billion; Price-to-sales ratio: 2.3; Dividend yield: 1.7%; SI Rating: Above Average) transports freight over a 25,000-kilometre rail network between Montreal and Vancouver. It also connects with major hubs in the U.S. Midwest and Northeast. The U.S. accounts for 30% of CP’s revenue....

SUNCOR ENERGY INC. $35 (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.6 billion; Market cap: $56.0 billion; Price-to-sales ratio: 1.5; Dividend yield: 1.1%; SI Rating: Average) is building an 88-megawatt wind farm in Alberta. It should begin generating electricity by the end of 2011. TECK RESOURCES LTD. $44 (Toronto symbol TCK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 589.5 million; Market cap: $25.9 billion; Price-to-sales ratio: 2.7; Dividend yield: 0.9%; SI Rating: Average) recently paid Suncor $66 million for 30% of this new wind farm. That means the entire project is worth $220 million. Building renewable-energy projects helps Suncor and Teck win favour with environmental regulators. As well, many governments require power-distribution utilities to pay producers higher rates for electricity from renewable sources. T