Cole Smead: The Market Is Dead Wrong on Canadian Oil Stocks | In the Money with Amber Kanwar скачать в хорошем качестве

Cole Smead: The Market Is Dead Wrong on Canadian Oil Stocks | In the Money with Amber Kanwar

👉 Click Here to Subscribe:    / @inthemoneypod   Cole Smead: The Market Is Dead Wrong on Canadian Oil Stocks | In the Money with Amber Kanwar Cole Smead is back—and doubling down. The outspoken U.S. fund manager from Smead Capital Management returns to In the Money with Amber Kanwar to explain why he's still bullish on Canadian oil stocks despite investor apathy, volatile oil prices, and political headwinds. He breaks down the major disconnect between market perception and industry fundamentals, explains why Canadian oil producers are "a buy across the board," and unveils his theory of consolidation: “Who’s your daddy?” From Strathcona’s move on MEG to a wild forecast that Cenovus could end up with Suncor, Cole doesn’t hold back. Smead tackles listener questions on some of the most talked-about names in the oil patch. He gives his take on Whitecap (WCP.TO), discusses whether Baytex (BTE.TO) or Athabasca (ATH.TO) are M&A targets, and why Imperial Oil (IMO.TO) has worked—despite his skepticism about its dividend strategy. He also breaks down CNQ (CNQ.TO)’s place in the market as a go-to for generalist investors. He brings back two of his highest-conviction ideas from March—Strathcona Resources and Cenovus Energy (CVE.TO)—and adds a new one: Glencore (GLEN.L). He’s confident the MEG deal will close and sees Strathcona as a future consolidator in the Canadian energy sector. While Cenovus has underperformed, he believes it's undervalued and could be in M&A play soon. And for broader commodity exposure, he likes Glencore—a global play on commodities, specifically coal, that he sees as well-positioned to outperform stocks over the next decade. Timestamps 00:00 Intro 02:05 People don’t understand what’s happening Canadian energy 04:30 Why Cole calls this the ‘low T era’ 08:00 Cole’s theory of consolidation: Who’s Your Daddy? 10:00 Does Cole spend much time thinking about where oil prices should be? 16:00 Cole on what Carney means for the oil patch 17:50 Cole’s take on Strathcona’s bid for MEG 22:25 Why Cole thinks commodities will beat stocks over the next 10 years 25:40 ITM Mailbag: Cole’s thoughts on Whitecap (WCP.TO) 29:35 Is Baytex (BTE.TO) the next acquisition target? 31:55 Is Athabasca Oil (ATH.TO) the next takeover target? 34:45 Will CNQ ever get a bid? 39:20 Why Cole likes Imperial Oil (IMO.TO) 43:10 Are natural gas stocks a buy? 44:00 Cole’s Pro Picks Sponsors Ready to take your trading to the next level? Start investing today with BMO InvestorLine. https://wealth.bmo.com/wealth/onboard... For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more information Links https://inthemoneypod.com/   / inthemoneypod   https://facebook.com/profile.php?id=6...   / inthemoneypod     / inthemoneypod   [email protected] DISCLAIMERS The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. BMO DISCLAIMER Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization. The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.