Have you ruled out the PCV valve if you are running one? It could be picking up oil depending upon how it's installed.
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Are the heads full of sludge? One possibility is that the oil drain back holes are restricted thus putting an excess of oil down the guides.
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Is the coolant level staying full? If not, then you could be seeing the results of coolant weeping into the engine.
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Another possibility is leakage from the rocker arm oil passage at the head gasket into a cylinder?
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If you have an automatic transmission with a vacuum operated modulator valve, then a bad valve at that point could be pulling ATF up to the engine.
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Examining all the spark plugs may indicate a single cylinder or all cylinders which would also help to pin-point the origins of the smoke. Beyond all that, a compression test or cylinder leak down test may help in determining the problem.