Market Call
Cole Smead's Top Picks: February 2, 2024
Cole Smead, president and portfolio manager, Smead Capital Management
FOCUS: Energy stocks
MARKET OUTLOOK:
Expect poor returns for the S&P 500. Non-U.S. markets will do better. Canada is our biggest single-country exposure in our non-U.S. portfolios.
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TOP PICKS:
Cole Smead’s Top Picks
Cole Smead, president and portfolio manager at Smead Capital Management, discusses his top picks: MEG Energy, Strathcona Resources, and Cenovus Energy.
MEG Energy (MEG TSX)
Asset life and free cash flow.
Strathcona Resources (SCR TSX)
Asset life and free cash flow.
Cenovus Energy (CVE TSX)
The market doesn’t understand the return on equity story.
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| MEG Energy (MEG TSX) | N | N | Y |
| Strathcona Resources (SCR TSX) | N | N | Y |
| Cenovus Energy (CVE TSX) | N | N | Y |
