40 years ago, Li Ka shing played a big oil game in Canada As soon as the situation broke out in Iran today, it was win thoroughly again Many people think that Li Ka shing is involved in real estate and ports, but he has a hidden asset under his umbrella - Canadian oil sands In 1986, Li Ka shing's Hutchison Whampoa acquired a controlling stake in Husky Energy in Canada. At that time, oil prices plummeted and no one was optimistic about oil. Li Ka shing went against the trend and increased his holdings all the way to the controlling stake. Later, Husky and Cenovus merged, and Li Ka shing's stake in Cenovus became a gold mine. Every time oil prices skyrocket - the 2022 Russia Ukraine war, the 2026 US Iran conflict - Cenovus' stock price follows suit. The situation today is that although Trump announced a two-week ceasefire, WTI fell to 93 yuan. But when the situation in Iran pushed up oil prices in the past few weeks, Cenovus had already made a big profit. Li Ka shing bought Canadian oil sands. The cost of extracting oil sands is high, around 40-50 US dollars per barrel. When oil prices are below 50, oil sands are not profitable. But once the oil price reaches 70, 80, or 100 or above, profits are exponentially amplified. This is a typical asymmetric bet - limited downside (no profit at most), unlimited upside (more profit with higher oil prices). 40 years have passed, and despite several rollercoaster rides on oil prices, Li Ka shing has yet to sell. The world will always need oil, and geopolitical conflicts will always push up oil prices