He Got Canadian Energy Right. Here's What He's Saying Now | In the Money with Amber Kanwar

👉 Click Here to Subscribe:    / @inthemoneypod   He Got Canadian Energy Right. Here's What He's Saying Now | In the Money with Amber Kanwar Cole Smead got Canadian energy right when few investors wanted anything to do with the sector. Now, after some of his biggest stock picks have delivered enormous returns, is there still money to be made? Cole was one of the top-performing stock pickers in our mid-year review, claiming both the number one and number three spots thanks in large part to his winning Canadian energy bets. Now, he returns to explain why he believes the Canadian oil trade is far from over, even after a massive rally. While some of the biggest bargains in Canadian energy have disappeared, Smead believes the sector still has significant upside. But investors looking for the next big payoff may need patience rather than chasing quick gains. In the Mailbag, Cole answers viewer questions about whether Athabasca Oil (ATH.TO) could attract a competing bid, whether Canadian Natural Resources (CNQ.TO) is falling behind its peers, and whether there's more upside in Whitecap Resources (WCP.TO) following its Veren acquisition. He also shares his outlook for Tamarack Valley Energy (TVE.TO), Baytex Energy (BTE.TO), Strathcona Resources (SCR.TO), and Birchcliff Energy (BIR.TO), explaining where he sees opportunities, where he's cautious, and why capital allocation matters more than ever. In Pro Picks, Cole revisits his previous recommendations, including Strathcona Resources (SCR.TO), Pandora (PNDORA.CO) and West Fraser Timber (WFG) before revealing three investment ideas: International Petroleum (IPCO.TO), a Canadian energy company with ambitious oil sands growth plans; Barclays (BARC.L), a European bank he believes could benefit from improving profitability and industry consolidation; and Auto Trader Group (AUTO.L), a beaten-down British business where he sees a potential opportunity for patient investors. Vote for us! https://vote.signalaward.com/PublicVo... https://vote.signalaward.com/PublicVo... Timestamps 0:00 Trailer 2:03 Intro 3:22 Cole Smead on expanding into Canada 5:38 Speaking candidly about Canadian investing 7:58 The H&R REIT deal and shareholder value 11:37 Cole’s investment approach and portfolio 13:10 Why he avoids big tech and capex cycles 15:44 Canadian oil prices and pipeline constraints 18:37 ITM Mailbag: Athabasca takeover offer, is another bid coming? (ATH) 25:27 Greenfire, Strathcona, and oil consolidation 28:03 Canadian Natural Resources and capital allocation (CNQ) 30:22 Whitecap, gas assets, and oil investments (WCP) 38:33 Tamarack Valley: patience and returns (TVE) 39:55 Baytex Energy (BTE) 43:17 Enbridge and pipelines 46:18 Birchcliff and the gas business 48:00 Cole’s past picks: Strathcona, Pandora, West Fraser (SCR, PNDORA, WFG) 1:00:17 Cole’s Pro Picks: International Petroleum, Barclays, Auto Trader (IPCO, BARC, AUTO) 1:17:58 Closing Bell: Cole’s hobbies and closing conversation Sponsors Thank you to our partners at ATB Financial. ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. 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. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at https://app.wealthsimple.com/74rd/83f... Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information. Links https://inthemoneypod.com/   / inthemoneypod     / inthemoneypod   questions@inthemoneypod.com 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.