Six straight days of falling oil prices. Is the supply picture really changing?   @Cole_Smead, CEO and Portfolio Manager of @SmeadCap, told Niket Nishant and @Reuters: "We've been through a series of starts and stops like this."   Pipelines restart and pipelines stop, and markets react both ways. Even after this slide, Brent sits near $99 a barrel. The headlines change daily. The fundamentals move much more slowly.   See the full article here: https://t.co/BOhRxzAd6O

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7/15/2026 on

"The world we wake up to today seems to have all the information we can dream of, but less discernment than is needed.” In the 2Q 2026 Smead Global ex-US Value UCITS Fund shareholder letter, @SmeadCap CEO and Portfolio Manager @Cole_Smead explains why he believe today's energy market is being widely misunderstood. They argue that resilient demand, constrained supply, and years of underinvestment could create a very different long-term outlook for oil prices than many investors expect. Read "Stampeding Towards the Next Problem" here: https://t.co/ytPbC8AKFc

As tensions with Iran escalate, the parallels to 1973 are hard to ignore: conflict in the Middle East, rising oil prices, and stretched equity valuations. Back then, the result was a deep recession and a nearly 50% market decline. Today, valuations remain elevated, and sentiment has been remarkably strong for over a decade. Is it really different this time? Read @SmeadCap Chairman and CIO Bill Smead’s latest missive, “Iran War Investment Ramifications,” for his perspective through the lenses of history, math, economics, and psychology: https://t.co/sqtZ3zsJuk Sign up to have advice sent straight to your inbox: https://t.co/pa7tmbo3yD

“Trying to have success in Iran and keeping oil prices lower are paramountly adverse to each other.” @SmeadCap CEO and Portfolio Manager @Cole_Smead joins Roger Petersen on @BNNBloomberg to discuss oil supply and prices amid the ongoing conflict in the middle east. Cole addresses logistical concerns in the Strait of Hormuz and shares his perspective on how investors should be looking at oil markets. Watch here: https://t.co/zjF6bRc72B