teck resources
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GLOBAL X COPPER MINERS ETF $20.03 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) aims to track the Solactive Global Copper Miners Index, which includes 30 global mining and exploration firms. The ETF started up in April 2010.
Canadian firms make up 31.9% of the fund’s holdings....
Canadian firms make up 31.9% of the fund’s holdings....
TECK RESOURCES LTD. $28 (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 573.6 million; Market cap: $16.1 billion; Price-to sales ratio: 1.3; Dividend yield: 0.7%; TSINetwork Rating: Extra Risk; www.teck.com) is a leading producer of metallurgical coal, a key ingredient in steelmaking....
SUNCOR ENERGY INC. $49 (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.6 billion; Market cap: $78.4 billion; Price-to-sales ratio: 2.2; Dividend yield: 2.9%; TSINetwork Rating: Average; www.suncor.com) is Canada’s largest integrated oil company, with major projects in the Alberta oil sands....
NEWMONT MINING CORP. $30 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 533.4 million; Market cap: $16.0 billion; Price-to-sales ratio: 2.2; Dividend yield: 1.8%; TSINetwork Rating: Average; www.newmont.com) is one of the world’s largest gold and copper producers....
TECK RESOURCES LTD. $30 (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 573.6 million; Market cap: $17.2 billion; Price-to sales ratio: 1.4; Dividend yield: 0.7%; TSINetwork Rating: Extra Risk; www.teck.com) owns 90% of the Quebrada Blanca copper mine in northern Chile; the Chilean government owns the remaining 10%.
Regulators have now approved the company’s plan to build a second phase at Quebrada Blanca....
Regulators have now approved the company’s plan to build a second phase at Quebrada Blanca....
GLOBAL X COPPER MINERS ETF $23.55 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) aims to track the Solactive Global Copper Miners Index, which includes 30 global mining and exploration firms. The ETF started up in April 2010.
Canadian firms make up 31.9% of the fund’s holdings....
Canadian firms make up 31.9% of the fund’s holdings....
A: Westshore Terminals Investment Corp., $24.08, symbol WTE on Toronto (Shares outstanding: 70.7 million; Market cap: $1.7 billion; www.westshore.com), operates a coal storage and loading terminal at Roberts Bank, B.C., about 30 kilometres south of Vancouver....
Ottawa’s move to buy the existing Trans Mountain pipeline in order to build its controversial expansion is good news for these three resources companies. Additional capacity to ship crude oil and refined fuels from Alberta to Vancouver should make it easier for producers to service their customers.
For new buying, we prefer Cenovus and Teck over Encana....
For new buying, we prefer Cenovus and Teck over Encana....
We recommend conservative investors stick with well-established producers, such as Suncor and Imperial Oil, when picking Resources stocks for their portfolios. That’s mainly because the refineries of those integrated oil companies help shield them from volatile crude prices.
SUNCOR ENERGY INC....