{"id":362931,"date":"2020-12-23T19:47:38","date_gmt":"2020-12-24T03:47:38","guid":{"rendered":"https:\/\/nai500.com\/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\/"},"modified":"2020-12-23T19:48:36","modified_gmt":"2020-12-24T03:48:36","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-hant\/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\u79ae\u7269\uff1a\u760b\u72c2\u6298\u50f9\u7684\u52a0\u62ff\u5927\u80fd\u6e90\u80a1"},"content":{"rendered":"<p>\u904e\u53bb\u5169\u500b\u6708\uff0c\u5728\u75ab\u82d7\u5229\u597d\u4ee5\u53ca\u7d93\u6fdf\u5fa9\u8607\u6b65\u4f10\u52a0\u5feb\u7684\u9810\u671f\u4e4b\u4e0b\uff0c\u52a0\u62ff\u5927\u591a\u6578\u80a1\u7968\u5ef6\u7e8c\u4e86\u6b64\u524d\u7684\u4e0a\u6f32\u8da8\u52e2\uff0c\u8cb7\u76e4\u6d3b\u8e8d\u3002\u4e0d\u904e\uff0c\u52a0\u62ff\u5927\u80fd\u6e90\u80a1\u7684\u6298\u50f9\u6c34\u5e73\u4f9d\u7136\u5f88\u9ad8\uff0c\u80a1\u50f9\u4ecd\u9060\u4f4e\u4e8e\u75ab\u60c5\u524d\u7684\u6c34\u5e73\u3002\u4e0d\u904e\uff0c2021\u5e74\uff0c\u96a8\u8457\u80fd\u6e90\u9700\u6c42\u7684\u6539\u5584\uff0c\u73fe\u5728\u7684\u52a0\u62ff\u5927\u80fd\u6e90\u80a1\u5c07\u6210\u7232\u6295\u8cc7\u8005\u7406\u60f3\u7684\u9078\u80a1\u76ee\u6a19\uff08<a href=\"https:\/\/nai500.com\/zh-hant\/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\u7dca\uff0c\u5e03\u6cb9\u770b\u9ad8\u81f360\u7f8e\u5143<\/a>\uff09\u3002<\/p>\n<p>\u660e\u5e74\uff0c\u4e0b\u9762\u9019\u4e09\u96bb\u52a0\u62ff\u5927\u80fd\u6e90\u80a1\u6709\u671b\u8dd1\u8d0f\u5927\u5e02\u5e77\u7232\u6295\u8cc7\u8005\u5e36\u4f86\u8c50\u539a\u7684\u6536\u76ca\u3002<\/p>\n<h2>\u68ee\u79d1\u80fd\u6e90<\/h2>\n<p>\u904e\u53bb\u4e00\u500b\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\u50f9\u5df2\u7d93\u5927\u5e45\u53cd\u5f48\uff0c\u4f46\u4eca\u5e74\u8fc4\u4eca\u4ecd\u4e0b\u8dcc\u7d0447%\u3002\u5118\u7ba1\u6301\u7e8c\u7684\u4e0d\u78ba\u5b9a\u6027\uff0c\u5d0e\u5d87\u7684\u7d93\u6fdf\u5fa9\u8607\uff0c\u4ee5\u53ca\u5168\u7403\u5927\u898f\u6a21\u7684\u5eab\u5b58\u5c07\u9650\u52362021\u5e74\u539f\u6cb9\u50f9\u683c\u4e0a\u6f32\u7684\u7a7a\u9593\uff0c\u4f46\u7d93\u6fdf\u6d3b\u52d5\u7684\u5fa9\u8607\u6975\u6709\u53ef\u80fd\u660e\u986f\u63d0\u632f\u68ee\u79d1\u80fd\u6e90\u7684\u80a1\u50f9\u3002<\/p>\n<p>\u68ee\u79d1\u80fd\u6e90\u63d0\u4f9b\u7684\u7523\u54c1\u548c\u670d\u52d9\u6eff\u8db3\u7684\u662f\u5e38\u614b\u5316\u7684\u9700\u6c42\uff0c\u52a0\u4e0a\u7d93\u71df\u6210\u672c\u4f4e\uff0c\u516c\u53f8\u7684\u76c8\u5229\u80fd\u529b\u6709\u671b\u57282021\u5e74\u7372\u5f97\u6539\u5584\u3002\u8207\u6b64\u540c\u6642\uff0c\u7d9c\u5408\u6027\u7684\u5546\u696d\u6a21\u5f0f\u4ee5\u53ca\u9577\u58fd\u547d\u7684\u8cc7\u7523\u5c07\u7232\u516c\u53f8\u63d0\u4f9b\u7af6\u722d\u512a\u52e2\uff0c\u628a\u63e1\u9700\u6c42\u9010\u6b65\u56de\u6696\u5e36\u4f86\u7684\u6a5f\u6703\u3002<\/p>\n<p>\u9664\u4e86\u4f4e\u50f9\uff0c\u68ee\u79d1\u80fd\u6e90\u7684\u80a1\u7968\u9084\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\u50f9\u89f8\u5e95\u4ee5\u4f86\u5df2\u7d93\u5927\u5e45\u53cd\u5f48\uff0c\u4f46\u4eca\u5e74\u8fc4\u4eca\u4ecd\u4e0b\u8dcc\u8d85\u904e30%\u3002\u80fd\u6e90\u9700\u6c42\u75b2\u8edf\u4ee5\u53ca\u4f9b\u7d66\u904e\u5269\u7d66\u5305\u62ecPembina Pipeline\u5728\u5167\u7684\u80fd\u6e90\u80a1\u9020\u6210\u4e86\u6975\u5927\u7684\u58d3\u529b\uff0c\u4e0d\u904e2021\u5e74\u7d93\u6fdf\u5fa9\u8607\u7684\u9810\u671f\u6216\u5c07\u9a45\u52d5\u53cd\u5f48\u884c\u60c5\u3002<\/p>\n<p>Pembina\u7684\u6cb9\u6c23\u7ba1\u9053\u904b\u8f38\u5c6c\uffff\u4f4e\u98a8\u96aa\u696d\u52d9\uff0c\u800c\u4e14\u8986\u84cb\u591a\u7a2e\u5927\u5b97\u5546\u54c1\uff0c\u5be6\u73fe\u4e86\u591a\u5143\u5316\u7d93\u71df\u3002\u6b64\u5916\uff0c\u516c\u53f8\u7684\u696d\u52d9\u9084\u9ad8\u5ea6\u5408\u540c\u5316\uff0c\u6536\u8cbb\u6a21\u5f0f\u7684\u73fe\u91d1\u6d41\u5145\u88d5\uff0c\u9019\u4fdd\u969c\u4e86\u8a72\u516c\u53f8\u7684\u6d3e\u606f\u3002\u75ab\u60c5\u4e4b\u4e0b\uff0c\u516c\u53f8\u9810\u8a082020\u5e74\u6536\u8cbb\u5408\u540c\u8ca2\u737b\u8abf\u6574\u5f8cEBITDA\u7684\u6bd4\u7387\u5c07\u8d85\u904e90%\uff0c\u5e77\u4e14\u672a\u4f86\u9019\u4e00\u6bd4\u7387\u4e5f\u5c07\u7dad\u6301\u572880%\u7684\u6c34\u5e73\u3002<\/p>\n<p>\u73fe\u91d1\u6d41\u7a69\u5065\uff0c\u6d3e\u606f\u7387\u4e5f\u4e0d\u9ad8\uff0c\u9019\u7232Pembina\u901a\u904e\u6301\u7e8c\u6d3e\u606f\u63d0\u5347\u6295\u8cc7\u8005\u6536\u76ca\u5960\u5b9a\u4e86\u5f88\u597d\u7684\u57fa\u790e\u30021997\u5e74\u5553\u52d5\u6d3e\u606f\u4ee5\u4f86\uff0c\u8a72\u516c\u53f8\u5df2\u7d93\u6d3e\u767c\u4e86$90\u5104\u7684\u80a1\u606f\u3002\u8207\u6b64\u540c\u6642\uff0c\u516c\u53f8\u904e\u53bb\u4e94\u5e74\u80a1\u606f\u7684\u5e74\u8907\u5408\u589e\u9577\u7387\uff08CAGR\uff09\u9ad8\u90546.5%\uff0c\u76ee\u524d\u7684\u80a1\u606f\u7387\u72328.2%\u3002<\/p>\n<p>\u9664\u4e86\u9ad8\u80a1\u606f\uff0cPembina 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TRP<\/a>\uff09\u7684\u80a1\u50f9\u4eca\u5e74\u4e0b\u8dcc\u7d0421%\u3002\u4e0d\u904e\uff0c\u9019\u53ea\u52a0\u62ff\u5927\u80fd\u6e90\u57fa\u790e\u8a2d\u65bd\u516c\u53f8\u7684\u591a\u6578\u76c8\u5229\u90fd\u4f86\u81ea\u4e8e\u898f\u7ba1\u6216\u7c3d\u6709\u9577\u671f\u5408\u540c\u7684\u8cc7\u7523\uff0c\u5927\u5b97\u5546\u54c1\u91cf\u50f9\u7684\u77ed\u671f\u6ce2\u52d5\u5c0d\u8a72\u516c\u53f8\u7684\u696d\u52d9\u57fa\u672c\u6c92\u6709\u5f71\u97ff\u3002\u503c\u5f97\u4e00\u63d0\u7684\u662f\uff0c\u516c\u53f8\u9ad8\u8cea\u91cf\u8cc7\u7523\u7684\u5229\u7528\u7387\u8207\u75ab\u60c5\u524d\u7684\u6c34\u5e73\u6301\u5e73\u3002<\/p>\n<p>\u5f97\u76ca\u4e8e\u4f4e\u98a8\u96aa\u7684\u696d\u52d9\u4ee5\u53ca\u7a69\u5065\u7684\u73fe\u91d1\u6d41\uff0cTC Energy\u901a\u904e\u63d0\u9ad8\u80a1\u606f\u63d0\u5347\u80a1\u6771\u7684\u6536\u76ca\u30022000\u5e74\u4ee5\u4f86\uff0c\u8a72\u7ba1\u9053\u516c\u53f8\u80a1\u606f\u7684\u5e74\u8907\u5408\u589e\u9577\u7387\u9ad8\u90547%\u3002\u8207\u6b64\u540c\u6642\uff0c\u516c\u53f8\u9810\u8a082021\u5e74\u80a1\u606f\u5c07\u589e\u95778-10%\u3002\u8a72\u80a1\u76ee\u524d\u7684\u80a1\u606f\u7387\u72326.2%\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u904e\u53bb\u5169\u500b\u6708\uff0c\u5728\u75ab\u82d7\u5229\u597d\u4ee5\u53ca\u7d93\u6fdf\u5fa9\u8607\u6b65\u4f10\u52a0\u5feb\u7684\u9810\u671f\u4e4b\u4e0b\uff0c\u52a0\u62ff\u5927\u591a\u6578\u80a1\u7968\u5ef6\u7e8c\u4e86\u6b64\u524d\u7684\u4e0a\u6f32\u8da8\u52e2\uff0c\u8cb7\u76e4\u6d3b\u8e8d\u3002\u4e0d\u904e\uff0c\u52a0\u62ff [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":362928,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[589,568],"class_list":["post-362931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-589","tag-zh-hant-blog-tag-","sectors-oil-gas-zh-hant","locations-canada-zh-hant","locations-us-zh-hant","exchange-nyse-zh-hant","exchange-tsx-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/362931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=362931"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/362931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/362928"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=362931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=362931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=362931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}