Episode Details

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

Sponsors
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For over 25 years, Raymond James has been helping Canadians achieve their financial goals. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. Visit raymondjames.ca today to discover how you can live a life well planned.

Pro Picks is brought to you by ATB Financial. With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more information

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