In the Money with Amber Kanwar Why American Investor Cole Smead Loves Canadian Energy Stocks
American investor Cole Smead joins Amber Kanwar to break down why he's so bullish on Canadian oil stocks. Smead argues that Canadian energy stocks are some of the best investments in today's market - even amid fears over a trade war between the U.S. and Canada. In fact, he suggests now could be the second-best time in the past two decades to invest in this space.
We dive into why Smead prefers Canadian over U.S. energy stocks, how tariffs may impact Canadian oil and why he’s not worried and find out the top 3 Canadian energy names he's buying right now.
Timestamps
For detailed show notes, navigate using the timestamps below:
00:00: Show intro
01:40: Why American investor Cole Smead loves Canadian oil stocks
4:40: When did Cole start looking at the Canadian energy sector and why he thinks this is the near best time in the past two decades to invest in the space
9:50: Why is Cole so bullish on oil stocks when things don't appear favourable for the sector
14:10: The new sweet spot in this era and why Cole does not like dividends
17:30: Cole offers his thoughts on why capex spending is not necessarily the right thing for these companies
20:50: Will M&A heat up and will foreign investors make a return?
23:20: Cole’s view on U.S. energy stocks vs. Canadian right now
24:20: Why Cole doesn’t care about tariffs
28:45: What does Mark Carney mean for the Canadian energy sector?
32:45: In the Money Mailbag: What does Cole think about the Whitecap-Veren merger?
39:35: Cole’s thoughts on Baytex Energy
42:15: Does Cole like Imperial Oil and would he continue to hold at these levels?
47:20: Ask the American ‘Eric Nuttall’ what he thinks about Tamarack Valley Energy?
49:45: Cole’s thoughts on Greenfire Resources since Fairfax Financial holds a large position
55:00: Would Cole buy the dip in CNQ?
57:30: Is Couche-Tard’s Seven & i deal good for shareholders?
1:02:40: Cole’s Pro Picks
1:15:50: Coming up & goodbye
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