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Li Ka-shing's business group expands oil interests with deal for Canadian oil producer, seen by analysts as buffer against geopolitical risks
The move by the Hong Kong billionaire's group, which includes a deal for Canadian oil producer MEG Energy, runs counter to the global pivot to clean energy. Analysts view this as a strategy to secure steady cash flow and hedge against increasing geopolitical risks amidst market volatility, inflation fears, and monetary tightening.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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