Author: Smead Capital Management

3Q23 International Value Strategy Newsletter: Interest Rate Risk or Else!

The strangest thing transpiring in the first nine months of 2023 is the level of short and long-term rates versus the long-term optimism of passive US stock market owners. As we write this, the 30-year Treasury is hitting 5% and US stock investors have not gone into a general panic. The bond market is feeling very uncomfortable, but bonds lose with inflation, right? […]

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Reuters: Bill Smead on Exxon Acquisition of Pioneer

Exxon in advanced talks for $60 billion acquisition of Pioneer, sources say By David French, Anirban Sen and Sabrina Valle For more information go to reuters.com. Stocks mentioned: XOM The information contained in this tv appearance represents SCM’s opinions, and should not be construed as

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Reuters: Bill Smead on Exxon-Pioneer Deal Talks

  Exxon-Pioneer deal talks: What Wall St, policymakers have to say    For more information go to reuters.com. Stocks mentioned: XOM The information contained in this tv appearance represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is

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BNN Bloomberg: Cole Smead, CFA on Pipestone Takeover

    Takeover by Adam Waterous is a sweet deal for Pipestone: Cole Smead   For more information go to www.bnnbloomberg.ca. Stocks mentioned: PIPE The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance

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The Canadian Press: Cole Smead, CFA on Pipestone Energy Merger

Pipestone shareholders approve merger with Strathcona Resources By Amanda Stephenson For more information go to www.thecanadianpressnews.ca. Stocks mentioned: PIPE The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee of

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Barron’s: Bill Smead on Market Imbalance in Oil Stocks

Oil Is Soaring. Why the Stocks Have Stalled—and How You Can Take Advantage. By Avi Salzman For more information go to www.barrons.com. Stocks mentioned: COP, OXY The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment

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