#101: Rafi Tahmazian (Canoe Financial) - Why the Energy Industry Is a Broken Bank Machine Spitting Out Cash
Greetings & welcome back to the rose bros podcast.This episode, we are joined by Rafi Tahmazian - senior portfolio manager & director at Canoe Financial - a Canadian independent investment management firm with approximately $14 Billion under management. Prior to Canoe, Rafi spent 13 years at First Energy Capital, a leading investment dealer that focused on the energy industry.He left the firm in 2008 as Vice Chairman and Managing Director, and has held numerous public and private, charity and government Board positions.He is currently on the board of directors for Artis Exploration Ltd, Aureus Energy Services Inc., Well Ventures Corp, Chance Oil and Gas Ltd., and Alberta Teachers Retirement Fund.Mr. Tahmazian holds a Bachelor of Arts degree in Economics from the University of Calgary.We sat down for a smooth cup of rose bros coffee and among other things discussed why energy is a catalyst for life and death, record breaking Federal & Provincial tax revenues, the problem with top town governments, separating good energy investments from the best, and why today’s energy industry is akin to a broken bank machine spitting out cash. Enjoy!This episode is also available on YouTube, so check out the rose bros channel, and if you enjoyed the conversation, subscribe to the channel. Also, this week's podcast was brought to you by Rundle Eco Services. Looking for a way to recycle your frac pond and pit liners used in the oil and gas industry? Rundle collects and processes liners using an environmentally friendly system, leaving a clean environmental footprint. The end use of these liners are shredded and processed into pellets that then can be extruded into various forms of usable plastic products including furniture, various building materials, industrial packaging etc. Checkout rundleco.com for more details on how you can recycle your industrial pond and pit liners today. Also, this podcast is sponsored by Headracingcanada.comLooking for high performance ski gear this winter? In partnership with 4x-Olympian Manny-Osborne Paradis, Headracingcanada.com is offering the lowest prices possible through its online storefront, by passing brick and mortar savings to customers. Check out Headracingcanada.com for more info on high performance gear for the upcoming ski season.Support the Show.