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[@Cole_Smead](/creator/twitter/Cole_Smead)
"@VanIsleInvestor Who was exposed in that Q1 release to LPs Fairfax Financial (FFH). They seem to be long-term owners based on their home page. KIDDING. They are and their Chairman Prem Watsa seems to be doing just fine the last five years on his own stock (@SmeadCap investors dont own it)"  
[X Link](https://x.com/Cole_Smead/status/1976705474750751086) [@Cole_Smead](/creator/x/Cole_Smead) 2025-10-10T17:44Z 4122 followers, XXX engagements


"Quick thought. Im thinking the allowance for CVE to buy XXX% of the shares and vote those greatly narrowed the path to success more than I would have assumed. $X billion or more in long-term value to CVE. @SmeadCap investors are happy for this and getting more value from MEG"  
[X Link](https://x.com/Cole_Smead/status/1976757381179883885) [@Cole_Smead](/creator/x/Cole_Smead) 2025-10-10T21:11Z 4122 followers, 3135 engagements


"Not one mention of the compensation provided by the CVE offer as a potential conflict of interest. Disclosure is the tool that fixes most conflicts. There is none in this"  
[X Link](https://x.com/Cole_Smead/status/1967556047889121789) [@Cole_Smead](/creator/x/Cole_Smead) 2025-09-15T11:48Z 4121 followers, 7843 engagements


"Globe and Mail: At least one other MEG shareholder has publicly criticized the Cenovus offer. Cole Smead CEO and portfolio manager of Smead Capital Management Inc. which owns more than XXX million MEG shares previously told The Globe that the overarching reaction to the Cenovus offer among MEG investors was disappointment"  
[X Link](https://x.com/Cole_Smead/status/1975329403644068029) [@Cole_Smead](/creator/x/Cole_Smead) 2025-10-06T22:36Z 4121 followers, 6658 engagements


"MEG holders should feel proud that they run they run this show. Management and the board are not in control anymore"  
[X Link](https://x.com/Cole_Smead/status/1976100264483705215) [@Cole_Smead](/creator/x/Cole_Smead) 2025-10-09T01:39Z 4121 followers, 3931 engagements


"On XX% of float sounds like SCR owners like being owners more than traders 😬. Sounds like there is a lot of traders on this app and in the stock market. 😋"  
[X Link](https://x.com/Cole_Smead/status/1976689179703775544) [@Cole_Smead](/creator/x/Cole_Smead) 2025-10-10T16:40Z 4121 followers, 6031 engagements


"Shocked. Tip of the cap to the CVE team"  
[X Link](https://x.com/Cole_Smead/status/1976754407225151970) [@Cole_Smead](/creator/x/Cole_Smead) 2025-10-10T20:59Z 4121 followers, 11.2K engagements


"Need to push back on BS being slung by MEG. IMO the LPs in WEF are not short term traders like many of the investors that talk oil stocks on here or sit in a board room throwing stones. Looks like Prem Watsa via FFH is the largest LP in WEF. Is he a short term investor Thats the kind of investors that back Adam Waterous and theres a reason they are successful investors. I even heard a rumor from someone on the sell-side who said they wouldnt be surprised if Big Mur is an LP. No proof to that. However Calgary is a rumor mill and it adds up. Many MEG holders have sold but the investors of"  
[X Link](https://x.com/Cole_Smead/status/1968180227106083224) [@Cole_Smead](/creator/x/Cole_Smead) 2025-09-17T05:08Z 4121 followers, 11K engagements


"Tried to explain to my kids that one of the teams in the ALCS has an entire country behind them tonight. Miss the days of the Calgary Cannons BTW"  
[X Link](https://x.com/Cole_Smead/status/1980439743000432821) [@Cole_Smead](/creator/x/Cole_Smead) 2025-10-21T01:03Z 4121 followers, 1302 engagements