{"id":618514,"date":"2026-02-02T23:15:26","date_gmt":"2026-02-03T07:15:26","guid":{"rendered":"https:\/\/nai500.com\/?p=618514"},"modified":"2026-02-02T23:15:26","modified_gmt":"2026-02-03T07:15:26","slug":"%e4%b8%ba%e4%bb%80%e4%b9%88%e8%af%b4%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%87%aa%e7%84%b6%e8%b5%84%e6%ba%90%ef%bc%88cnq%ef%bc%89%e6%98%af%e9%95%bf%e6%9c%9f%e6%8a%95%e8%b5%84%e8%80%85%e7%9a%84","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/02\/%e4%b8%ba%e4%bb%80%e4%b9%88%e8%af%b4%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%87%aa%e7%84%b6%e8%b5%84%e6%ba%90%ef%bc%88cnq%ef%bc%89%e6%98%af%e9%95%bf%e6%9c%9f%e6%8a%95%e8%b5%84%e8%80%85%e7%9a%84\/","title":{"rendered":"\u4e3a\u4ec0\u4e48\u8bf4\u52a0\u62ff\u5927\u81ea\u7136\u8d44\u6e90\uff08CNQ\uff09\u662f\u957f\u671f\u6295\u8d44\u8005\u7684\u201c\u4ef7\u503c\u5b9d\u85cf\u201d\uff1f"},"content":{"rendered":"<p>\u8fd1\u671f\uff0c\u52a0\u62ff\u5927\u80fd\u6e90\u677f\u5757\u6ce2\u52a8\u5267\u70c8\uff0c\u8ba9\u8bb8\u591a\u6295\u8d44\u8005\u671b\u800c\u5374\u6b65\u3002\u7136\u800c\uff0c\u5e02\u573a\u7684\u6ce2\u52a8\u5f80\u5f80\u80fd\u7b5b\u51fa\u771f\u6b63\u7684\u5f3a\u8005\u3002\u5176\u4e2d\uff0c\u5e02\u503c\u9ad8\u8fbe1040\u4ebf\u52a0\u5143\u7684\u80fd\u6e90\u5de8\u5934<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=CNQ%3ACA\">\u52a0\u62ff\u5927\u81ea\u7136\u8d44\u6e90\uff08CNQ\uff09<\/a>\u51ed\u501f\u7f55\u89c1\u7684\u201c\u7a33\u5b9a\u6027\u4ef7\u503c\u201d\u7ec4\u5408\u8fdb\u5165\u957f\u671f\u6295\u8d44\u8005\u7684\u89c6\u91ce\u2014\u2014\u5b83\u63d0\u4f9b\u7684\u4e0d\u4ec5\u662f\u8bf1\u4eba\u7684\u8fd14.8%\u7684\u80a1\u606f\u6536\u76ca\u7387\uff0c\u66f4\u662f\u4e00\u5ea7\u80fd\u591f\u62b5\u5fa1\u884c\u4e1a\u5468\u671f\u98ce\u6d6a\u7684\u575a\u56fa\u5821\u5792\u3002<\/p>\n<h2>\u4e00\u3001\u89c4\u6a21\u4e0e\u6210\u672c\u6784\u7b51\u6838\u5fc3\u62a4\u57ce\u6cb3<\/h2>\n<p>\u5728WCS\uff08\u897f\u52a0\u62ff\u5927\u7cbe\u9009\u539f\u6cb9\uff09\u4e0eWTI\uff08\u897f\u5fb7\u5dde\u539f\u6cb9\uff09\u4ef7\u5dee\u53ef\u80fd\u6ce2\u52a8\u7684\u9634\u5f71\u4e0b\uff0c\u8bb8\u591a\u52a0\u62ff\u5927\u80fd\u6e90\u751f\u4ea7\u5546\u7684\u76c8\u5229\u524d\u666f\u663e\u5f97\u6a21\u7cca\uff0c\u4f46CNQ\u7684\u5e9e\u5927\u89c4\u6a21\u548c\u5353\u8d8a\u8fd0\u8425\u5f62\u6210\u4e86\u5929\u7136\u7f13\u51b2\u3002\u516c\u53f8\u7b2c\u4e09\u5b63\u5ea6\u65e5\u5747\u4ea7\u91cf\u8fbe\u5230\u521b\u7eaa\u5f55\u7684160\u4e07\u6876\u6cb9\u5f53\u91cf\uff0c\u6cb9\u7802\u5f00\u91c7\u4e1a\u52a1\u7684\u5229\u7528\u7387\u9ad8\u8fbe104%\uff0c\u5355\u4f4d\u8fd0\u8425\u6210\u672c\u66f4\u662f\u63a7\u5236\u5728\u884c\u4e1a\u9886\u5148\u7684\u6bcf\u687621\u7f8e\u5143\u3002\u8fd1\u671f\u4e0eShell Canada\u7684\u8d44\u4ea7\u7f6e\u6362\u4ea4\u6613\u8fdb\u4e00\u6b65\u589e\u52a0\u4e863.1\u4e07\u6876\/\u65e5\u7684\u96f6\u9012\u51cf\u7387\u4ea7\u91cf\uff0c\u63d0\u5347\u4e86\u6574\u4f53\u8fd0\u8425\u6548\u7387\u3002\u8fd9\u610f\u5473\u7740\uff0c\u5373\u4fbf\u9762\u4e34\u77ed\u671f\u5b9a\u4ef7\u538b\u529b\uff0cCNQ\u51ed\u501f\u6781\u4f4e\u7684\u6210\u672c\u66f2\u7ebf\u548c\u6781\u9ad8\u7684\u8fd0\u8425\u6548\u7387\uff0c\u4f9d\u7136\u80fd\u4fdd\u6301\u5f3a\u5927\u7684\u73b0\u91d1\u6d41\u751f\u6210\u80fd\u529b\u3002<\/p>\n<h2>\u4e8c\u3001\u201c\u4ef7\u503c\u4e09\u91cd\u594f\u201d\uff1a\u80a1\u606f\u3001\u56de\u8d2d\u4e0e\u8d22\u52a1\u5065\u5eb7<\/h2>\n<p>\u5bf9\u4e8e\u957f\u671f\u6295\u8d44\u8005\u800c\u8a00\uff0c\u53ef\u6301\u7eed\u7684\u80a1\u4e1c\u56de\u62a5\u548c\u7a33\u5065\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u6bd4\u77ed\u671f\u80a1\u4ef7\u6ce2\u52a8\u66f4\u4e3a\u91cd\u8981\u3002CNQ\u5728\u8fd9\u65b9\u9762\u582a\u79f0\u5178\u8303\uff1a<\/p>\n<ol>\n<li>\u6301\u7eed\u589e\u957f\u7684\u80a1\u606f\uff1a\u516c\u53f8\u5df2\u5b9e\u73b0\u8fde\u7eed25\u5e74\u63d0\u9ad8\u80a1\u606f\uff0c\u5e74\u5747\u590d\u5408\u589e\u957f\u7387\u9ad8\u8fbe21%\u3002\u5f53\u524d\u7ea64.8%\u7684\u80a1\u606f\u7387\u5efa\u7acb\u5728\u5f3a\u52b2\u7684\u81ea\u7531\u73b0\u91d1\u6d41\u57fa\u7840\u4e0a\uff0c\u5177\u5907\u6781\u9ad8\u7684\u5b89\u5168\u6027\u3002<\/li>\n<li>\u79ef\u6781\u7684\u8d44\u672c\u8fd4\u8fd8\uff1a2024\u5e74\u524d\u4e09\u5b63\u5ea6\uff0c\u516c\u53f8\u5df2\u901a\u8fc7\u80a1\u606f\u548c\u80a1\u7968\u56de\u8d2d\u5411\u80a1\u4e1c\u8fd4\u8fd862\u4ebf\u52a0\u5143\u3002\u56de\u8d2d\u63a8\u52a8\u4e86\u6bcf\u80a1\u4ea7\u91cf\u7684\u589e\u957f\uff0c\u76f4\u63a5\u63d0\u5347\u4e86\u80a1\u4e1c\u6743\u76ca\u3002<\/li>\n<li>\u575a\u5982\u78d0\u77f3\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\uff1a\u622a\u81f3\u6700\u8fd1\u5b63\u5ea6\uff0c\u516c\u53f8\u8d1f\u503a\u5bf9EBITDA\u6bd4\u7387\u4ec5\u4e3a0.9\u500d\uff0c\u8d22\u52a1\u5065\u5eb7\u5ea6\u8fdc\u8d85\u884c\u4e1a\u5e73\u5747\u6c34\u5e73\u3002\u8fd9\u4e3a\u516c\u53f8\u7a7f\u8d8a\u5468\u671f\u3001\u6355\u6349\u6218\u7565\u6536\u8d2d\u673a\u4f1a\u63d0\u4f9b\u4e86\u5145\u8db3\u5f39\u836f\u3002<\/li>\n<\/ol>\n<h2>\u4e09\u3001\u88ab\u5e02\u573a\u76f8\u5bf9\u4f4e\u4f30\u7684\u5165\u573a\u65f6\u673a<\/h2>\n<p>\u4e0e\u90e8\u5206\u52a8\u80fd\u66f4\u5f3a\u52b2\u7684\u4e2d\u5c0f\u76d8\u540c\u4e1a\u76f8\u6bd4\uff0cCNQ\u8fc7\u53bb\u4e00\u5e74\u7ea611%\u7684\u6da8\u5e45\u663e\u5f97\u6e29\u548c\u3002\u4f46\u8fd9\u6070\u6070\u521b\u9020\u4e86\u76f8\u5bf9\u7684\u4f30\u503c\u4f18\u52bf\u3002\u7ea615.7\u500d\u7684\u8ffd\u8e2a\u5e02\u76c8\u7387\u5728\u5927\u578b\u7efc\u5408\u80fd\u6e90\u516c\u53f8\u4e2d\u663e\u5f97\u9887\u5177\u5438\u5f15\u529b\u3002\u867d\u7136\u80a1\u4ef7\u8d1d\u5854\u7cfb\u6570\uff08\u7ea61.1\uff09\u7565\u9ad8\uff0c\u6697\u793a\u6ce2\u52a8\u6027\u53ef\u80fd\u5927\u4e8e\u5e02\u573a\uff0c\u4f46\u5bf9\u4e8e\u80fd\u591f\u627f\u53d7\u9002\u5ea6\u6ce2\u52a8\u4ee5\u6362\u53d6\u9ad8\u989d\u4e14\u6301\u7eed\u589e\u957f\u6536\u5165\u6d41\u7684\u957f\u671f\u6295\u8d44\u8005\u800c\u8a00\uff0c\u8fd9\u6216\u8bb8\u662f\u4e00\u4e2a\u503c\u5f97\u63a5\u53d7\u7684\u6743\u8861\u3002<\/p>\n<h2>\u7ed3\u8bba<\/h2>\n<p>\u77ed\u671f\u6cb9\u4ef7\u4ef7\u5dee\u7684\u6ce2\u52a8\u6216\u8bb8\u4f1a\u7ee7\u7eed\u4e3a\u52a0\u62ff\u5927\u80fd\u6e90\u80a1\u5e26\u6765\u566a\u97f3\uff0c\u4f46\u52a0\u62ff\u5927\u81ea\u7136\u8d44\u6e90\uff08CNQ\uff09\u00a0\u5c55\u793a\u4e86\u5982\u4f55\u51ed\u501f\u65e0\u4e0e\u4f26\u6bd4\u7684\u89c4\u6a21\u4f18\u52bf\uff0c\u9876\u7ea7\u7684\u8fd0\u8425\u80fd\u529b\uff0c\u4e25\u8c28\u7684\u8d44\u672c\u914d\u7f6e\u4ee5\u53ca\u5bf9\u80a1\u4e1c\u56de\u62a5\u7684\u575a\u5b9a\u627f\u8bfa\uff0c\u5c06\u884c\u4e1a\u7684\u6311\u6218\u8f6c\u5316\u4e3a\u957f\u671f\u7ade\u4e89\u4f18\u52bf\u3002\u5bf9\u4e8e\u5bfb\u6c42\u9ad8\u80a1\u606f\u6536\u76ca\u3001\u8d22\u52a1\u7a33\u5065\u5e76\u80fd\u6301\u7eed\u5206\u4eab\u5168\u7403\u80fd\u6e90\u9700\u6c42\u589e\u957f\u7ea2\u5229\u7684\u4ef7\u503c\u578b\u6295\u8d44\u8005\u800c\u8a00\uff0cCNQ\u5f53\u524d\u7684\u4ef7\u4f4d\u786e\u5b9e\u63d0\u4f9b\u4e86\u4e00\u4e2a\u503c\u5f97\u6df1\u5165\u5ba1\u89c6\u7684\u201c\u5b9d\u85cf\u201d\u5165\u53e3\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8fd1\u671f\uff0c\u52a0\u62ff\u5927\u80fd\u6e90\u677f\u5757\u6ce2\u52a8\u5267\u70c8\uff0c\u8ba9\u8bb8\u591a\u6295\u8d44\u8005\u671b\u800c\u5374\u6b65\u3002\u7136\u800c\uff0c\u5e02\u573a\u7684\u6ce2\u52a8\u5f80\u5f80\u80fd\u7b5b\u51fa\u771f\u6b63\u7684\u5f3a\u8005\u3002\u5176\u4e2d\uff0c\u5e02\u503c\u9ad8\u8fbe104 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":563989,"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":[2158,2146,2247,1859],"class_list":["post-618514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-2158","tag-2146","tag-2247","tag-1859","sectors-oil-gas-zh-hans","locations-canada-zh-hans","exchange-tsx-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/618514","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=618514"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/618514\/revisions"}],"predecessor-version":[{"id":618517,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/618514\/revisions\/618517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/563989"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=618514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=618514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=618514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}