{"id":667135,"date":"2026-10-05T18:26:19","date_gmt":"2026-10-06T01:26:19","guid":{"rendered":"https:\/\/nai500.com\/?p=667135"},"modified":"2026-10-05T18:26:19","modified_gmt":"2026-10-06T01:26:19","slug":"%e5%8a%a0%e6%8b%bf%e5%a4%a7%e6%b2%b9%e7%a0%82%e5%86%8d%e8%bf%8e%e5%a4%a7%e9%a2%9d%e5%b9%b6%e8%b4%ad%ef%bc%81cenovus-%e6%94%b6%e8%b4%ad-athabasca-oil","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/10\/%e5%8a%a0%e6%8b%bf%e5%a4%a7%e6%b2%b9%e7%a0%82%e5%86%8d%e8%bf%8e%e5%a4%a7%e9%a2%9d%e5%b9%b6%e8%b4%ad%ef%bc%81cenovus-%e6%94%b6%e8%b4%ad-athabasca-oil\/","title":{"rendered":"\u52a0\u62ff\u5927\u6cb9\u7802\u518d\u8fce\u5927\u989d\u5e76\u8d2d\uff01Cenovus \u6536\u8d2d Athabasca Oil"},"content":{"rendered":"

\u52a0\u62ff\u5927\u6cb9\u7802\u884c\u4e1a\u5468\u4e00\u518d\u843d\u4e00\u7b14\u5927\u989d\u4ea4\u6613\u3002Cenovus Energy Inc.\uff08NYSE: CVE<\/a>, TSX: CVE<\/a>\uff09\u5ba3\u5e03\uff0c\u5df2\u4e0e Athabasca Oil Corp.\uff08OTCMKTS: ATHOF, TSX: ATH<\/a>\uff09\u8fbe\u6210\u6700\u7ec8\u534f\u8bae\uff0c\u5c06\u4ee5\u73b0\u91d1\u52a0\u80a1\u7968\u65b9\u5f0f\u6536\u8d2d\u540e\u8005\u5168\u90e8\u5df2\u53d1\u884c\u6d41\u901a\u666e\u901a\u80a1\uff0c\u4ea4\u6613\u4ef7\u503c\u7ea6 C$57 \u4ebf\uff0c\u8f83 Athabasca \u8fc7\u53bb 20 \u65e5\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u80a1\u4ef7\u6ea2\u4ef7\u7ea6 14%\u3002<\/p>\n

\u6839\u636e\u4ea4\u6613\u6761\u6b3e\uff0cAthabasca \u6bcf\u80a1\u4f5c\u4ef7 C$12.00\uff0c\u7531\u73b0\u91d1\u4e0e Cenovus \u80a1\u7968\u7ec4\u5408\u652f\u4ed8\u3002\u6bcf\u540d Athabasca \u80a1\u4e1c\u53ef\u81ea\u884c\u9009\u62e9\uff0c\u5c31\u5176\u6301\u6709\u7684\u6bcf\u80a1 Athabasca \u80a1\u4efd\u6536\u53d6 C$12.00 \u73b0\u91d1\uff0c\u6216\u6362\u53d6 0.264 \u80a1 Cenovus \u666e\u901a\u80a1\u3002Cenovus \u8868\u793a\uff0c\u4ea4\u6613\u8d44\u91d1\u4e2d\u7ea6 65%\u201375% \u4ee5\u73b0\u91d1\u652f\u4ed8\uff0c\u5176\u4f59 25%\u201335% \u4ee5\u80a1\u7968\u652f\u4ed8\uff0c\u9884\u8ba1\u5c06\u4e8e\u4eca\u5e74 12 \u6708\u5b8c\u6210\u4ea4\u5272\u3002<\/p>\n

\u4ea4\u6613\u5b8c\u6210\u540e\uff0cCenovus \u5c06\u65b0\u589e\u7ea6 4.5 \u4e07\u6876\u6cb9\u5f53\u91cf \/ \u65e5\u7684\u4ea7\u91cf\uff0c\u4e3b\u8981\u4e3a\u4f4d\u4e8eChristina Lake\u3001May River \u53ca Thornbury \u73b0\u6709\u4f5c\u4e1a\u9644\u8fd1\u7684\u70ed\u91c7\u8d44\u4ea7\u3002\u516c\u53f8\u9884\u8ba1\uff0c\u51ed\u501f\u6536\u8d2d\u8d44\u4ea7\u4e0e\u81ea\u6709\u5468\u8fb9\u8d44\u6e90\u7684\u534f\u540c\uff0c\u70ed\u91c7\u4ea7\u91cf\u6709\u671b\u5230 2032 \u5e74\u63d0\u5347\u81f3\u7ea6 11.5 \u4e07\u6876 \/ \u65e5\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u672c\u6b21\u6536\u8d2d\u5c06\u4f7f Cenovus \u8fdb\u4e00\u6b65\u6574\u5408 Duvernay Energy \u7684\u6743\u76ca\uff0c\u516c\u53f8\u53ef\u9009\u62e9\u52a0\u5feb\u5f00\u53d1\u8282\u594f\uff0c\u5c06\u4ea7\u91cf\u63d0\u5347\u81f3\u53ef\u6301\u7eed\u7684 2 \u4e07\u6876\u6cb9\u5f53\u91cf \/ \u65e5\u6c34\u5e73\u3002<\/p>\n

Cenovus \u9884\u8ba1\u4ea4\u6613\u53ef\u5b9e\u73b0\u5e74\u5ea6\u4f01\u4e1a\u53ca\u5546\u4e1a\u534f\u540c\u6548\u5e94\u7ea6 C$8,500 \u4e07\uff0c\u5176\u4e2d\u5927\u90e8\u5206\u5c06\u5728\u4ea4\u5272\u540e\u7b2c\u4e00\u4e2a\u5b8c\u6574\u5e74\u5ea6\u5185\u5151\u73b0\u3002<\/p>\n

Athabasca \u8d44\u4ea7\u4e0e Cenovus \u5df2\u5728\u5317\u90e8\u963f\u5c14\u4f2f\u7279\u62e5\u6709\u4f46\u5c1a\u672a\u5f00\u53d1\u7684 Thornbury \u53ca May River \u8d44\u6e90\u76f8\u90bb\u3002\u540e\u4e24\u5904\u8d44\u4ea7\u5408\u8ba1\u62e5\u6709\u7ea6 5.5 \u4ebf\u6876\u8bc1\u5b9e\u53ca\u6982\u7565\u50a8\u91cf\u3002Cenovus \u603b\u88c1\u517c\u9996\u5e2d\u6267\u884c\u5b98 Jon McKenzie \u5728\u7535\u8bdd\u4f1a\u8bae\u4e0a\u8868\u793a\uff0c\u6b64\u6b21\u4ea4\u6613\u4f7f\u516c\u53f8\u672a\u6765\u6709\u673a\u4f1a\u5728\u4e0d\u65b0\u5efa\u7eff\u5730\u5904\u7406\u8bbe\u65bd\u7684\u524d\u63d0\u4e0b\u63a5\u5165\u4e0a\u8ff0\u8d44\u6e90\u3002<\/p>\n

“\u8fd9\u7b14\u4ea4\u6613\u5f3a\u5316\u4e86\u6211\u4eec\u5728\u5168\u7403\u9876\u7ea7\u4ea7\u6cb9\u533a\u4e4b\u4e00\u7684\u5730\u4f4d\uff0c\u662f\u6211\u4eec\u6cb9\u7802\u6218\u7565\u7684\u81ea\u7136\u5ef6\u4f38\uff0c”McKenzie \u79f0\uff0c\u201cAthabasca \u5e26\u6765\u4e86\u4e00\u4e2a\u9ad8\u8d28\u91cf\u3001\u5177\u5907\u6570\u5341\u5e74\u5f00\u53d1\u6f5c\u529b\u7684\u6cb9\u7802\u8d44\u6e90\u57fa\u7840\uff0c\u4ee3\u8868\u4e86\u5f53\u4e0b\u52a0\u62ff\u5927\u6cb9\u7802\u9886\u57df\u6700\u5177\u5206\u91cf\u7684\u6709\u673a\u589e\u957f\u673a\u4f1a\u4e4b\u4e00\u3002”<\/p>\n

\u6b64\u6b21\u4ea4\u6613\u8ddd Cenovus \u5b8c\u6210\u5bf9 MEG Energy \u7684\u6536\u8d2d\u5c1a\u4e0d\u8db3\u4e00\u5e74\uff0c\u4e5f\u662f Alberta \u6cb9\u7802\u884c\u4e1a\u6301\u7eed\u6574\u5408\u7684\u53c8\u4e00\u4f8b\u8bc1\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u672c\u6b21\u516c\u544a\u8ddd Suncor Energy Inc.\uff08TSX: SU, NYSE: SU\uff09\u5ba3\u5e03\u5265\u79bb Newfoundland \u6d77\u5cb8\u6d77\u4e0a\u9879\u76ee\u80a1\u6743\u3001\u805a\u7126\u6cb9\u7802\u4e3b\u4e1a\u4ec5\u7ea6 12 \u5c0f\u65f6\u3002Cenovus \u65b9\u9762\u540c\u65f6\u5f3a\u8c03\uff0c\u516c\u53f8\u6682\u65e0\u8ddf\u968f Suncor \u51fa\u552e West White Rose \u6d77\u4e0a\u9879\u76ee\u6743\u76ca\u7684\u8ba1\u5212\u3002<\/p>\n

TD Cowen \u5206\u6790\u5e08 Menno Hulshof \u5728\u7814\u62a5\u4e2d\u6307\u51fa\uff0cCenovus \u8d44\u4ea7\u8d1f\u503a\u8868\u8db3\u4ee5\u627f\u63a5\u672c\u6b21\u4ea4\u6613 \u2014\u2014 \u516c\u53f8\u4e09\u5b63\u5ea6\u672b\u4ec5\u80cc\u8d1f\u7ea6 C$30 \u4ebf\u503a\u52a1\uff0c\u9884\u8ba1\u5e74\u5e95\u5347\u81f3\u7ea6 C$50 \u4ebf\uff0c\u201c\u4ecd\u5904\u4e8e\u975e\u5e38\u53ef\u63a7\u7684\u6c34\u5e73”\u3002\u4ed6\u540c\u65f6\u8868\u793a\uff0cCenovus \u4e3a Athabasca \u652f\u4ed8\u7684\u4ef7\u683c “\u504f\u6ee1”\uff0c\u4f46\u9274\u4e8e Athabasca \u662f\u5e02\u573a\u4e0a\u4e3a\u6570\u4e0d\u591a\u7684\u5269\u4f59\u70ed\u91c7\u6807\u7684\u4e4b\u4e00\uff0c\u5e76\u5e26\u6709\u4e00\u5b9a\u7a00\u7f3a\u6027\u6ea2\u4ef7\uff0c\u8fd9\u4e00\u7ed3\u679c “\u5728\u6240\u96be\u514d”\u3002\u4ed6\u4e5f\u63d0\u793a\uff0c\u90e8\u5206\u6295\u8d44\u8005\u4f1a\u8d28\u7591\u8ddd\u6536\u8d2d MEG \u65f6\u95f4\u5982\u6b64\u4e4b\u77ed\u518d\u6b21\u51fa\u624b\u7684\u65f6\u673a\u3002<\/p>\n

Smead Capital Management \u9996\u5e2d\u6295\u8d44\u5b98 Cole Smead \u5373\u662f\u5176\u4e2d\u4e4b\u4e00\u3002\u4f5c\u4e3a Cenovus \u6700\u5927\u516c\u5f00\u6301\u4ed3\u7684\u6301\u6709\u4eba\u4e4b\u4e00\uff0cSmead \u76f4\u8a00\u4e0d\u770b\u597d\u672c\u6b21\u4ea4\u6613\uff0c\u8ba4\u4e3a\u516c\u53f8\u73b0\u91d1\u6d41\u5145\u6c9b\u5374\u627e\u4e0d\u5230\u66f4\u5feb\u7684\u56de\u9988\u80a1\u4e1c\u65b9\u5f0f\uff0c\u5e76\u6307\u51fa\u6536\u8d2d\u5c06\u4f7f Cenovus \u8fdb\u4e00\u6b65\u8fdc\u79bb\u4e0b\u6e38\u70bc\u6cb9\u4e1a\u52a1\u3002\u4ed6\u540c\u65f6\u8868\u793a\uff0c\u672c\u6b21\u4ea4\u6613\u610f\u5473\u7740\u963f\u5c14\u4f2f\u7279\u6cb9\u7802\u53c8\u4e00\u5bb6\u72ec\u7acb\u73a9\u5bb6\u9000\u51fa\uff0c\u884c\u4e1a\u957f\u671f\u5c06\u4ec5\u5269\u5c11\u6570\u51e0\u5bb6\u5927\u578b\u77f3\u6cb9\u516c\u53f8\u3002Scotiabank Global Equity \u5728\u7814\u62a5\u4e2d\u4ea6\u79f0\uff0c\u672c\u6b21\u4ea4\u6613\u610f\u5473\u7740\u8be5\u5730\u533a\u9ad8\u6210\u957f\u6027\u4e2d\u5c0f\u578b\u80a1\u6807\u7684\u5c06\u8fdb\u4e00\u6b65\u51cf\u5c11\u3002<\/p>\n

McKenzie \u5219\u5f3a\u8c03\uff0c\u8fd1\u671f\u963f\u5c14\u4f2f\u7279\u4e0e\u8054\u90a6\u653f\u5e9c\u56f4\u7ed5\u6cb9\u7802\u9879\u76ee\u51fa\u53f0\u7684\u4e00\u63fd\u5b50\u653f\u7b56\u4e0e\u8d22\u653f\u6fc0\u52b1\uff08\u5305\u62ec\u7eff\u5730\u6cb9\u7802\u9879\u76ee\u65b0\u7684\u4f7f\u7528\u8d39\u7ed3\u6784\uff0c\u7ec6\u8282\u9884\u8ba1\u4e8e 11 \u6708 15 \u65e5\u516c\u5e03\uff09\u4ee5\u53ca Pacific Link \u7b49\u5916\u8f93\u7ba1\u9053\u88ab\u5217\u4e3a\u56fd\u5bb6\u5229\u76ca\u9879\u76ee\uff0c\u5747\u6709\u52a9\u4e8e\u5c06\u8d44\u672c\u91cd\u65b0\u5438\u5f15\u56de Athabasca \u76c6\u5730\u5e76\u52a0\u901f\u589e\u957f\u3002\u201c\u6211\u4eec\u62e5\u6709\u7a33\u5065\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\uff0c” \u4ed6\u8868\u793a\uff0c\u201c\u968f\u7740\u6211\u4eec\u53d8\u5f97\u66f4\u52a0\u673a\u4f1a\u4e3b\u4e49\uff0c\u6211\u4eec\u6709\u80fd\u529b\u901a\u8fc7\u591a\u79cd\u6e20\u9053\u5411\u80a1\u4e1c\u8fd4\u8fd8\u4ef7\u503c\u3002”<\/p>\n","protected":false},"excerpt":{"rendered":"

\u52a0\u62ff\u5927\u6cb9\u7802\u884c\u4e1a\u5468\u4e00\u518d\u843d\u4e00\u7b14\u5927\u989d\u4ea4\u6613\u3002Cenovus Energy Inc.\uff08NYSE: CVE, TSX: C […]<\/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":[2146,766,2247,1859],"class_list":["post-667135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-2146","tag-766","tag-2247","tag-1859","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\/667135","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=667135"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/667135\/revisions"}],"predecessor-version":[{"id":667138,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/667135\/revisions\/667138"}],"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=667135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=667135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=667135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}