Q: Hi 5i,
My portfolio does not have any meaningful allocation in the basic materials sector. Given the recent drop in equities (and possible future declines) was looking to add some resource stocks. CS and TECK.B in the copper sector looked interesting with the data centre/ chip boom underway.
What are your thoughts on these companies and is there a preference? What would you consider to be a good entry price in the potential market dips to come?
Would also appreciate any other resource stock ideas you might have in this current market.(Aside from Nutrien I know your a fan of and I already own.)
I'm not averse to risk and looking to hold at least 5+ years.
Thank you in advance.
Greg C.
My portfolio does not have any meaningful allocation in the basic materials sector. Given the recent drop in equities (and possible future declines) was looking to add some resource stocks. CS and TECK.B in the copper sector looked interesting with the data centre/ chip boom underway.
What are your thoughts on these companies and is there a preference? What would you consider to be a good entry price in the potential market dips to come?
Would also appreciate any other resource stock ideas you might have in this current market.(Aside from Nutrien I know your a fan of and I already own.)
I'm not averse to risk and looking to hold at least 5+ years.
Thank you in advance.
Greg C.
5i Research Answer:
We would be comfortable buying TECK.B in the $55 to $56 range and CS in the $7.60 range for...