{"id":362926,"date":"2020-12-23T19:47:38","date_gmt":"2020-12-24T03:47:38","guid":{"rendered":"https:\/\/nai500.com\/?p=362926"},"modified":"2020-12-23T19:47:38","modified_gmt":"2020-12-24T03:47:38","slug":"2021%e5%b9%b4-%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%83%bd%e6%ba%90%e8%82%a1","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2020\/12\/2021%e5%b9%b4-%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%83%bd%e6%ba%90%e8%82%a1\/","title":{"rendered":"2021\u5e74\u65b0\u5e74\u793c\u7269\uff1a\u75af\u72c2\u6298\u4ef7\u7684\u52a0\u62ff\u5927\u80fd\u6e90\u80a1"},"content":{"rendered":"<p>\u8fc7\u53bb\u4e24\u4e2a\u6708\uff0c\u5728\u75ab\u82d7\u5229\u597d\u4ee5\u53ca\u7ecf\u6d4e\u590d\u82cf\u6b65\u4f10\u52a0\u5feb\u7684\u9884\u671f\u4e4b\u4e0b\uff0c\u52a0\u62ff\u5927\u591a\u6570\u80a1\u7968\u5ef6\u7eed\u4e86\u6b64\u524d\u7684\u4e0a\u6da8\u8d8b\u52bf\uff0c\u4e70\u76d8\u6d3b\u8dc3\u3002\u4e0d\u8fc7\uff0c\u52a0\u62ff\u5927\u80fd\u6e90\u80a1\u7684\u6298\u4ef7\u6c34\u5e73\u4f9d\u7136\u5f88\u9ad8\uff0c\u80a1\u4ef7\u4ecd\u8fdc\u4f4e\u4e8e\u75ab\u60c5\u524d\u7684\u6c34\u5e73\u3002\u4e0d\u8fc7\uff0c2021\u5e74\uff0c\u968f\u7740\u80fd\u6e90\u9700\u6c42\u7684\u6539\u5584\uff0c\u73b0\u5728\u7684\u52a0\u62ff\u5927\u80fd\u6e90\u80a1\u5c06\u6210\u4e3a\u6295\u8d44\u8005\u7406\u60f3\u7684\u9009\u80a1\u76ee\u6807\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/blog\/2020\/12\/2021%e5%b9%b4%e6%b2%b9%e5%b8%82-%e5%b1%95%e6%9c%9b-%e5%b8%83%e6%b2%b9\/\">2021\u5e74\u6cb9\u5e02\u5c55\u671b\uff1a\u4f9b\u9700\u6536\u7d27\uff0c\u5e03\u6cb9\u770b\u9ad8\u81f360\u7f8e\u5143<\/a>\uff09\u3002<\/p>\n<p>\u660e\u5e74\uff0c\u4e0b\u9762\u8fd9\u4e09\u53ea\u52a0\u62ff\u5927\u80fd\u6e90\u80a1\u6709\u671b\u8dd1\u8d62\u5927\u5e02\u5e76\u4e3a\u6295\u8d44\u8005\u5e26\u6765\u4e30\u539a\u7684\u6536\u76ca\u3002<\/p>\n<h2>\u68ee\u79d1\u80fd\u6e90<\/h2>\n<p>\u8fc7\u53bb\u4e00\u4e2a\u6708\uff0c\u68ee\u79d1\u80fd\u6e90Suncor Energy\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=SU%3ACA\">TSX: SU<\/a>\uff09\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=SU\">NYSE: SU<\/a>\uff09\u7684\u80a1\u4ef7\u5df2\u7ecf\u5927\u5e45\u53cd\u5f39\uff0c\u4f46\u4eca\u5e74\u8fc4\u4eca\u4ecd\u4e0b\u8dcc\u7ea647%\u3002\u5c3d\u7ba1\u6301\u7eed\u7684\u4e0d\u786e\u5b9a\u6027\uff0c\u5d0e\u5c96\u7684\u7ecf\u6d4e\u590d\u82cf\uff0c\u4ee5\u53ca\u5168\u7403\u5927\u89c4\u6a21\u7684\u5e93\u5b58\u5c06\u9650\u52362021\u5e74\u539f\u6cb9\u4ef7\u683c\u4e0a\u6da8\u7684\u7a7a\u95f4\uff0c\u4f46\u7ecf\u6d4e\u6d3b\u52a8\u7684\u590d\u82cf\u6781\u6709\u53ef\u80fd\u660e\u663e\u63d0\u632f\u68ee\u79d1\u80fd\u6e90\u7684\u80a1\u4ef7\u3002<\/p>\n<p>\u68ee\u79d1\u80fd\u6e90\u63d0\u4f9b\u7684\u4ea7\u54c1\u548c\u670d\u52a1\u6ee1\u8db3\u7684\u662f\u5e38\u6001\u5316\u7684\u9700\u6c42\uff0c\u52a0\u4e0a\u7ecf\u8425\u6210\u672c\u4f4e\uff0c\u516c\u53f8\u7684\u76c8\u5229\u80fd\u529b\u6709\u671b\u57282021\u5e74\u83b7\u5f97\u6539\u5584\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u7efc\u5408\u6027\u7684\u5546\u4e1a\u6a21\u5f0f\u4ee5\u53ca\u957f\u5bff\u547d\u7684\u8d44\u4ea7\u5c06\u4e3a\u516c\u53f8\u63d0\u4f9b\u7ade\u4e89\u4f18\u52bf\uff0c\u628a\u63e1\u9700\u6c42\u9010\u6b65\u56de\u6696\u5e26\u6765\u7684\u673a\u4f1a\u3002<\/p>\n<p>\u9664\u4e86\u4f4e\u4ef7\uff0c\u68ee\u79d1\u80fd\u6e90\u7684\u80a1\u7968\u8fd8\u63d0\u4f9b4.0%\u7684\u80a1\u606f\u7387\u3002<\/p>\n<h2>Pembina Pipeline<\/h2>\n<p>Pembina Pipeline Corp\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=PPL%3ACA\">TSX: PPL<\/a>\uff09\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=PBA\">NYSE: PBA<\/a>\uff09\u7684\u80a1\u4ef7\u89e6\u5e95\u4ee5\u6765\u5df2\u7ecf\u5927\u5e45\u53cd\u5f39\uff0c\u4f46\u4eca\u5e74\u8fc4\u4eca\u4ecd\u4e0b\u8dcc\u8d85\u8fc730%\u3002\u80fd\u6e90\u9700\u6c42\u75b2\u8f6f\u4ee5\u53ca\u4f9b\u7ed9\u8fc7\u5269\u7ed9\u5305\u62ecPembina Pipeline\u5728\u5185\u7684\u80fd\u6e90\u80a1\u9020\u6210\u4e86\u6781\u5927\u7684\u538b\u529b\uff0c\u4e0d\u8fc72021\u5e74\u7ecf\u6d4e\u590d\u82cf\u7684\u9884\u671f\u6216\u5c06\u9a71\u52a8\u53cd\u5f39\u884c\u60c5\u3002<\/p>\n<p>Pembina\u7684\u6cb9\u6c14\u7ba1\u9053\u8fd0\u8f93\u5c5e\u4e8e\u4f4e\u98ce\u9669\u4e1a\u52a1\uff0c\u800c\u4e14\u8986\u76d6\u591a\u79cd\u5927\u5b97\u5546\u54c1\uff0c\u5b9e\u73b0\u4e86\u591a\u5143\u5316\u7ecf\u8425\u3002\u6b64\u5916\uff0c\u516c\u53f8\u7684\u4e1a\u52a1\u8fd8\u9ad8\u5ea6\u5408\u540c\u5316\uff0c\u6536\u8d39\u6a21\u5f0f\u7684\u73b0\u91d1\u6d41\u5145\u88d5\uff0c\u8fd9\u4fdd\u969c\u4e86\u8be5\u516c\u53f8\u7684\u6d3e\u606f\u3002\u75ab\u60c5\u4e4b\u4e0b\uff0c\u516c\u53f8\u9884\u8ba12020\u5e74\u6536\u8d39\u5408\u540c\u8d21\u732e\u8c03\u6574\u540eEBITDA\u7684\u6bd4\u7387\u5c06\u8d85\u8fc790%\uff0c\u5e76\u4e14\u672a\u6765\u8fd9\u4e00\u6bd4\u7387\u4e5f\u5c06\u7ef4\u6301\u572880%\u7684\u6c34\u5e73\u3002<\/p>\n<p>\u73b0\u91d1\u6d41\u7a33\u5065\uff0c\u6d3e\u606f\u7387\u4e5f\u4e0d\u9ad8\uff0c\u8fd9\u4e3aPembina\u901a\u8fc7\u6301\u7eed\u6d3e\u606f\u63d0\u5347\u6295\u8d44\u8005\u6536\u76ca\u5960\u5b9a\u4e86\u5f88\u597d\u7684\u57fa\u7840\u30021997\u5e74\u542f\u52a8\u6d3e\u606f\u4ee5\u6765\uff0c\u8be5\u516c\u53f8\u5df2\u7ecf\u6d3e\u53d1\u4e86$90\u4ebf\u7684\u80a1\u606f\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u516c\u53f8\u8fc7\u53bb\u4e94\u5e74\u80a1\u606f\u7684\u5e74\u590d\u5408\u589e\u957f\u7387\uff08CAGR\uff09\u9ad8\u8fbe6.5%\uff0c\u76ee\u524d\u7684\u80a1\u606f\u7387\u4e3a8.2%\u3002<\/p>\n<p>\u9664\u4e86\u9ad8\u80a1\u606f\uff0cPembina Pipeline\u7684\u8fdc\u671f\u4f01\u4e1a\u4ef7\u503c\u500d\u6570\uff08EV\/EBITDA\uff09\u4e3a9.2\uff0c\u4f4e\u4e8e\u884c\u4e1a\u5747\u503c\u3002<\/p>\n<h2>TC Energy<\/h2>\n<p>TC Energy Corp\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=TRP%3ACA\">TSX: TRP<\/a>\uff09\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=TRP\">NYSE: TRP<\/a>\uff09\u7684\u80a1\u4ef7\u4eca\u5e74\u4e0b\u8dcc\u7ea621%\u3002\u4e0d\u8fc7\uff0c\u8fd9\u53ea\u52a0\u62ff\u5927\u80fd\u6e90\u57fa\u7840\u8bbe\u65bd\u516c\u53f8\u7684\u591a\u6570\u76c8\u5229\u90fd\u6765\u81ea\u4e8e\u89c4\u7ba1\u6216\u7b7e\u6709\u957f\u671f\u5408\u540c\u7684\u8d44\u4ea7\uff0c\u5927\u5b97\u5546\u54c1\u91cf\u4ef7\u7684\u77ed\u671f\u6ce2\u52a8\u5bf9\u8be5\u516c\u53f8\u7684\u4e1a\u52a1\u57fa\u672c\u6ca1\u6709\u5f71\u54cd\u3002\u503c\u5f97\u4e00\u63d0\u7684\u662f\uff0c\u516c\u53f8\u9ad8\u8d28\u91cf\u8d44\u4ea7\u7684\u5229\u7528\u7387\u4e0e\u75ab\u60c5\u524d\u7684\u6c34\u5e73\u6301\u5e73\u3002<\/p>\n<p>\u5f97\u76ca\u4e8e\u4f4e\u98ce\u9669\u7684\u4e1a\u52a1\u4ee5\u53ca\u7a33\u5065\u7684\u73b0\u91d1\u6d41\uff0cTC Energy\u901a\u8fc7\u63d0\u9ad8\u80a1\u606f\u63d0\u5347\u80a1\u4e1c\u7684\u6536\u76ca\u30022000\u5e74\u4ee5\u6765\uff0c\u8be5\u7ba1\u9053\u516c\u53f8\u80a1\u606f\u7684\u5e74\u590d\u5408\u589e\u957f\u7387\u9ad8\u8fbe7%\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u516c\u53f8\u9884\u8ba12021\u5e74\u80a1\u606f\u5c06\u589e\u957f8-10%\u3002\u8be5\u80a1\u76ee\u524d\u7684\u80a1\u606f\u7387\u4e3a6.2%\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8fc7\u53bb\u4e24\u4e2a\u6708\uff0c\u5728\u75ab\u82d7\u5229\u597d\u4ee5\u53ca\u7ecf\u6d4e\u590d\u82cf\u6b65\u4f10\u52a0\u5feb\u7684\u9884\u671f\u4e4b\u4e0b\uff0c\u52a0\u62ff\u5927\u591a\u6570\u80a1\u7968\u5ef6\u7eed\u4e86\u6b64\u524d\u7684\u4e0a\u6da8\u8d8b\u52bf\uff0c\u4e70\u76d8\u6d3b\u8dc3\u3002\u4e0d\u8fc7\uff0c\u52a0\u62ff [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":362927,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430],"tags":[538],"class_list":["post-362926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-538","sectors-oil-gas-zh-hans","locations-canada-zh-hans","locations-us-zh-hans","exchange-nyse-zh-hans","exchange-tsx-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/362926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=362926"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/362926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/362927"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=362926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=362926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=362926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}