Author: Smead Capital Management

Reuters: Bill Smead on New ConocoPhillips CEO

  New ConocoPhillips CEO inherits $7 billion cash flow pledge riding on Alaska oil project By Sheila Dang For more information go to reuters.com. The information contained in this tv appearance represents SCM’s opinions, and should not be construed as personalized or individualized investment advice.

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The Market: Cole Smead, CFA on European Bank Mergers

A Tsunami of Mergers Is Heading for European Banks By Christoph Gisiger For more information go to www.themarket.ch. Stocks mentioned: UNI, BG, BCS, RO, CVE, SCR, IMO, GLEN The information contained in this article represents SCM’s opinions, and should not be construed as personalized or

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2Q26 U.S. Value Strategy Newsletter: Diversification Circa 2026

Most of the studies we’ve seen argue that 90% of the benefit of diversification comes by the 20th common stock. In our discipline, based on our eight criteria for common stock selection, we own 25-30 names. Halfway through this year, you can see the benefit of our diverse group of common stocks and also see that our eight criteria for stock selection began to shine like our long-term record indicates it has in the past. […]

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2Q26 International Value Strategy Newsletter: Stampeding Towards the Next Problem

The world we wake up to today seems to have all the information we can dream of, but less discernment than is needed. The Iran conflict was misread with oil prices at $100 and investors are doing the same thing at $70 oil now. We write this letter from the Calgary Stampede, one of the genuinely great events hosted globally. While we’ve been here, we have talked with all of the issuers we own in the oil business. The problem we are stampeding towards is real and time is the only cure. […]

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EnergyNow.com: Bill Smead on Occidental Petroleum

Occidental’s New CEO Tested by Debt, Lagging Stock Price and Big Dividend Payments to Berkshire By EnergyNow Media For more information go to www.energynow.com. Stocks mentioned: OXY The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized

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Reuters: Bill Smead on Occidental’s New CEO and Growth

  Occidental’s new CEO tested by debt, lagging stock price and big dividend payments to Berkshire By Sheila Dang For more information go to reuters.com. The information contained in this tv appearance represents SCM’s opinions, and should not be construed as personalized or individualized investment

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Business Insider: Bill Smead on Being Bullish on Commodities

  History says there’s one hedge that could shelter investors during a lost decade for stocks By Jennifer Sor For more information go to www.businessinsider.com. The information contained in this article represents Smead Capital Management’s opinions, and should not be construed as personalized or individualized

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