COMPANIES

Teck dumping unjustified

The market’s reaction to Teck Resources’ (CN:TECK.A) expected realised coking coal price announced late last week shows a misunderstanding of how the stock’s coal business works and an underappreciation for the overall business, according to BMO Capital Markets.

Teck's broader business model shows opportunities for growth despite bleak coal outlook (Image: Teck)

Teck's broader business model shows opportunities for growth despite bleak coal outlook (Image: Teck)

Teck said second quarter 2017 prices for coking coal sold under quarterly contracts had been established based on an average of three assessments – a new system for Teck that will be carried forward –...

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