Feb 2, 2024
Cole Smead's Top Picks: February 2, 2024
BNN Bloomberg
Cole Smead’s Top Picks
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:
Asset life and free cash flow.
Strathcona Resources (SCR TSX)
Asset life and free cash flow.
The market doesn’t understand the return on equity story.