Oando’s Bid for Trinidad’s National Refinery

The current state of Oando Plc positions it as a top contender to take over Trinidad’s National Refinery, a significant move that could reshape its future. Senior Research Analyst Adebayo Adebanjo from Cardinal Stone Securities shares insights into the implications of this bid and whether the mounting buy pressures on Oando’s stock are justified by potential expansion. Discussions also highlight market sentiments regarding oil and gas stocks, focusing on the factors influencing investor caution, including inflation, interest rate hikes, and exchange rate fluctuations. With the market in a state of flux, Adebayo offers strategic advice for investors navigating these turbulent waters.
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