AzValor Comments on Teck Resources

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Aug 07, 2020

Teck Resources (TSX:TECK.B, Financial) is a leading producer of metallurgical coal, zinc and copper with mines and crude oil fields in the US, Canada, Peru and Chile. The company has a family culture, a solid balance sheet, and we purchased its shares after an accumulated decline of 75% from recent highs.

From azValor Asset Management's second-quarter 2020 letter.