Latest Teck Resources Ltd (TCK) Headlines 10.7%
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10.7% Return Seen to Date on SmarTrend Teck Resources Call (TCK)
Comtex SmarTrend(R) - 2 hrs 52 mins ago
SmarTrend identified a Downtrend for Teck Resources (NYSE:TCK) on February 21st, 2014 at $23.10. In approximately 3 weeks, Teck Resources has returned 10.74% as of today's recent price of $20.62.
Coal Industry in Canada: Two-thirds of currently Operating Plants do not have to meet the Standards until after 2020, and Nine will Operate past 2030
M2 - Fri Mar 14, 10:32AM CDT
Research and Markets (http://www.researchandmarkets.com/research/njk6v3/coal_industry_in) has announced the addition of the "Coal Industry in Canada" report to their offering. These reserves equal about 100 years' supply at current production levels. It holds close to 10 billion tons of coal reserves which contribute approximately $5 billion to the economy annually. Coal meets about an eighth of Canada's primary energy needs, mainly as a fuel for electricity generation. The Canadian steel industry depends on coal for the production of almost every ton of steel. The largest coal export markets for Canada are Japan and Korea. While thermal coal is primarily used for domestic purpose, almost the entire production of metallurgic coal in Canada is exported. It also imports coal into central and eastern provinces due to its geographic proximity to the US, around 80% of which goes to Ontario and is mostly used for coal-fired generation. The Elk Valley Coal Partnership is the world's second largest exporter of metallurgic coal, a high grade of coal which is used as fuel and as a reducing agent in smelting iron ore in blast furnaces. Around half of Canada's coal is transported by rail. Coal from mines in eastern British Columbia and western Alberta travels about 1100 km to west coast ocean ports, or 2300 km to Thunder Bay for shipment by lake to Ontario or the United States. Recently, Canada's environment ministry has proposed tougher regulations for coal-fired power plants, but they do not go far enough to help the country achieve its greenhouse gas (GHG) emissions reduction targets. The impact of coal mining on the environment is a growing concern for all the coal producing nations around the world. To address these concerns, Canada has some of the world's most stringent standards for mine operations, worker safety and environmental protection. These standards also help in ensuring that the land used in coal mining can be returned to other productive uses within a few years of being mined. But the new regulations will have the most immediate impact on the smaller coal-fired units (150MW or less) because they tend to be among the oldest of the 55 facilities in the country, while the larger coal plants tend to be younger and will not be affected for the next 15-20 years. Companies Mentioned: - Teck Resources Limited - Xstrata Plc - Grande Cache Coal Corporation - Western Coal Corporation For more information visit http://www.researchandmarkets.com/research/nj...ndustry_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Steel is Keeping this Miner Down
Reuben Brewer, The Motley Fool - Motley Fool - Thu Mar 06, 11:50AM CST
Walter Energy increased production in 2013. It increased the amount of metallurgical coal it sold by 5%. It reduced costs by 14%. But the company still lost $5.74 a share. The culprits were a nearly 10% drop in selling prices and one-time charges...
Keystone XL Isn't Quite as Important Any More
Reuben Brewer, The Motley Fool - Motley Fool - Thu Mar 06, 9:15AM CST
TransCanada is suffering through what's best described as a political and regulatory nightmare as it tries to build the Keystone XL pipeline. It's making strides, but there are still huge obstacles. And that could have big implications for a key...
Teck Announces Subscription to Midas Gold Corp. Unit Placement
Marketwire - Tue Mar 04, 4:41PM CST
Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it has subscribed for and acquired 1,277,621 units (the "Units") of Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) ("Midas Gold"), at a cost of $0.90 per Unit, as part of a non-brokered private placement (the "Placement") conducted by Midas Gold. Each Unit comprises one common share and one-half of one share-purchase warrant exercisable at $1.20 within 24 months of closing of the Placement. Combined with previous holdings, Teck holds 14,017,621 common shares of Midas Gold following the Placement. The shares, and shares that would be issued on exercise of the warrants, represent 10.3% of Midas Gold's outstanding common shares, calculated on a partially diluted basis assuming the exercise of the warrants held by Teck only.
CoreLogic Reports Home Prices Rise by 12 Percent Year Over Year in January
PR Newswire - Tue Mar 04, 7:00AM CST
CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today released its January CoreLogic Home Price Index (HPI®) report. Home prices nationwide, including distressed sales, increased 12 percent in January 2014 compared to January 2013. This change represents 23 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 0.9 percent in January 2014 compared to December 2013.*
International PBX Ventures Ltd. Changes Name to Chilean Metals Inc. and Consolidates Stock Effective February 28, 2014
ACCESSWIRE - Thu Feb 27, 2:25PM CST
February 27, 2014 / ACCESSWIRE / International PBX Ventures Ltd. ("PBX" or the "Company") (TSX.V BX) is pleased to announce that it will change its name to Chilean Metals Inc. ("Chilean Metals") and consolidate the stock 10:1 effective February 28, 2014. Chilean Metals will commence trading on the TSXV under the symbol CMX Friday February 28, 2014. The plan to change the name and consolidate the stock was previously announced (January 20, 2014) and as discussed the target was to complete this process by the end of February.
Coal is the Headline but Copper and Oil are the Story
Reuben Brewer, The Motley Fool - Motley Fool - Thu Feb 20, 9:09AM CST
Canadian miner Teck Resources posted solid 2013 results despite weak commodity markets. That weakness was particularly prominent in the company's metallurgical coal operations. Met coal isn't likely to turn the corner in 2014, which is why you...
Franklin Street Properties Corp.Corporate Event Announcement Notice
Wall Street Horizon - Wed Feb 19, 8:01PM CST
TSX-V: BTC
Look for Shares of Teck Resources to Potentially Rebound after Yesterday's 1.44% Sell Off
Comtex SmarTrend(R) - Wed Feb 19, 5:45PM CST
Teck Resources (NYSE:TCK) traded in a range yesterday that spanned from a low of $23.26 to a high of $23.72. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $23.42 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Teck Resources Falls 1.44% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Wed Feb 19, 5:44PM CST
Teck Resources (NYSE:TCK) traded in a range yesterday that spanned from a low of $23.26 to a high of $23.72. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $23.42 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Teck Resources' Cash Flows Could Be in Danger This Year
Vladimir Zernov, The Motley Fool - Motley Fool - Wed Feb 19, 10:00AM CST
Sometimes even diversification doesn't help to avoid difficulties. This has been the case for Teck Resources , which produces coal, copper, and zinc. Teck Resources achieved record coal sales and second highest yearly copper production in 2013, but...
Constantine Announces Winter Drill Program Underway at Golden Mile Property, Ontario
Marketwire - Wed Feb 19, 8:04AM CST
Constantine Metal Resources Ltd. (TSX VENTURE: CEM) ("Constantine" or the "Company") is pleased to announce that a five hole, minimum 1000 meter, winter drill program has commenced on the Company's Golden Mile property ("Golden Mile" or "the Property") in Timmins, Ontario. The Property is currently optioned to Teck Resources Limited ("Teck") (see news release dated May 9, 2012 for Agreement terms) and the program is being funded by Teck and managed by Constantine.
Downgrade Alert for Teck Resources (TCK)
Comtex SmarTrend(R) - Wed Feb 19, 7:13AM CST
Teck Resources (NYSE:TCK) was downgraded from Outperform to Sector Perform at Iberia today. The stock closed yesterday at $23.66 on volume of 2.5 million shares, above average daily volume of 2.3 million. In the past 52 weeks, shares of Teck Resources have traded between a low of $19.98 and a high of $32.95 and closed yesterday at $23.66, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.2%.
Are Mining Stocks Oversold?
Joshua Bondy, The Motley Fool - Motley Fool - Mon Feb 17, 7:43AM CST
Many miners have seen their share prices fall to new lows. Are these miners being justly punished, or is the market simply overreacting? The mining industry moves in cycles, and hyperactive investors can easily overact. Freeport-McMoRan ...
Teck Media and Investor Webcast Advisory
Marketwire - Fri Feb 14, 5:26PM CST
Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") Senior Vice President Finance & Chief Financial Officer, Ron Millos will be presenting at the BMO Capital Markets 23rd Annual Global Metals & Mining Conference on Tuesday, February 25, 2014 at 8:00 a.m. Eastern/5:00 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company's business units.
Unfortunately, 2014 Could Be Just As Bad As 2013
Reuben Brewer, The Motley Fool - Motley Fool - Fri Feb 14, 8:03AM CST
Walter Energy is focused more on metallurgical coal than just about any other U.S. coal miner, with met making up about 80% of its business. That was a rough place to be in 2013, and full-year results are going to be bad. Unfortunately, key...