{"id":564269,"date":"2025-01-26T23:01:21","date_gmt":"2025-01-27T07:01:21","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/01\/%e5%8e%8c%e6%81%b6%e9%a3%8e%e9%99%a9-%e5%8a%a0%e6%8b%bf%e5%a4%a7%e9%80%80%e4%bc%91%e4%ba%ba%e5%a3%ab-%e5%ae%89%e5%85%a8-%e9%ab%98%e6%94%b6%e7%9b%8a%e6%b4%be%e6%81%af%e8%82%a1%e7%a5%a8\/"},"modified":"2025-01-26T23:01:57","modified_gmt":"2025-01-27T07:01:57","slug":"%e5%8e%ad%e6%83%a1%e9%a2%a8%e9%9a%aa%ef%bc%9f%e5%8a%a0%e6%8b%bf%e5%a4%a7%e9%80%80%e4%bc%91%e4%ba%ba%e5%a3%ab%e9%a6%96%e9%81%b8%e5%ae%89%e5%85%a8%e7%9a%84%e9%ab%98%e6%94%b6%e7%9b%8a%e6%b4%be%e6%81%af","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/01\/%e5%8e%ad%e6%83%a1%e9%a2%a8%e9%9a%aa%ef%bc%9f%e5%8a%a0%e6%8b%bf%e5%a4%a7%e9%80%80%e4%bc%91%e4%ba%ba%e5%a3%ab%e9%a6%96%e9%81%b8%e5%ae%89%e5%85%a8%e7%9a%84%e9%ab%98%e6%94%b6%e7%9b%8a%e6%b4%be%e6%81%af\/","title":{"rendered":"\u53ad\u60e1\u98a8\u96aa\uff1f\u52a0\u62ff\u5927\u9000\u4f11\u4eba\u58eb\u9996\u9078\u5b89\u5168\u7684\u9ad8\u6536\u76ca\u6d3e\u606f\u80a1\u7968"},"content":{"rendered":"

\u9000\u4f11\u4eba\u58eb\u5f80\u5f80\u662f\u98a8\u96aa\u898f\u907f\u578b\u6295\u8cc7\u8005\uff0c\u56e0\u70ba\u4ed6\u5011\u6c92\u6709\u56fa\u5b9a\u6536\u5165\u4f86\u6e90\u3002\u56e0\u6b64\uff0c\u5728\u9078\u80a1\u6642\uff0c\u4ed6\u5011\u61c9\u5c07\u76ee\u5149\u6295\u5411\u90a3\u4e9b\u696d\u52d9\u7a69\u5065\u4e14\u7a69\u5b9a\u6d3e\u606f\u7684\u9ad8\u8cea\u91cf\u80a1\u606f\u80a1\u7968\u3002\u52a0\u62ff\u5927\u9ad8\u6536\u76ca\u7387\u6d3e\u606f\u80a1\u7968\u5b9a\u671f\u5206\u7d05\uff0c\u4e0d\u6613\u53d7\u5230\u5e02\u5834\u6ce2\u52d5\u7684\u5f71\u97ff\uff0c\u5f9e\u800c\u6709\u52a9\u65bc\u7a69\u5b9a\u4ed6\u5011\u7684\u6295\u8cc7\u7d44\u5408\u3002\u6b64\u5916\uff0c\u4e0d\u8ad6\u5e02\u5834\u74b0\u5883\u5982\u4f55\uff0c\u9019\u985e\u80a1\u7968\u9084\u53ef\u4ee5\u70ba\u9000\u4f11\u4eba\u58eb\u63d0\u4f9b\u53ef\u9760\u7684\u88ab\u52d5\u6536\u5165\u4f86\u6e90\u3002<\/p>\n

\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u4ee5\u4e0b\u9019\u5169\u96bb\u9ad8\u6536\u76ca\u6d3e\u606f\u80a1\u7968\u975e\u5e38\u9069\u5408\u9000\u4f11\u4eba\u58eb\u3002<\/p>\n

Enbridge<\/h2>\n

Enbridge\uff08\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\u4ee3\u78bc\uff1aENB\uff09<\/a>\u662f\u4e00\u5bb6\u591a\u5143\u5316\u7684\u80fd\u6e90\u57fa\u790e\u8a2d\u65bd\u516c\u53f8\uff0c\u5c08\u6ce8\u65bc\u5317\u7f8e\u5730\u5340\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c23\u904b\u8f38\uff0c\u540c\u6642\u6d89\u53ca\u516c\u7528\u4e8b\u696d\u548c\u53ef\u518d\u751f\u80fd\u6e90\u9818\u57df\u3002\u6191\u85c9\u7a69\u5065\u7684\u53d7\u76e3\u7ba1\u696d\u52d9\u4ee5\u53ca\u901a\u904e\u8cc7\u672c\u6295\u8cc7\u4e0d\u65b7\u64f4\u5c55\u7684\u8cc7\u7522\u57fa\u790e\uff0c\u8a72\u516c\u53f8\u8abf\u6574\u5f8c\u7684\u606f\u7a05\u6298\u820a\u6524\u92b7\u524d\u5229\u6f64\uff08EBITDA\uff09\u548c\u6298\u73fe\u73fe\u91d1\u6d41\uff08DCF\uff09\u6301\u7e8c\u589e\u9577\u3002\u7a69\u5b9a\u7684\u73fe\u91d1\u6d41\u8b93Enbridge\u9023\u7e8c69\u5e74\u6d3e\u606f\uff0c\u4e26\u5728\u904e\u53bb30\u5e74\u88e1\u6301\u7e8c\u63d0\u9ad8\u6d3e\u606f\u91d1\u984d\u3002\u6309\u7167\u622a\u81f31\u670821\u65e5\u7684\u6536\u76e4\u50f9\uff0c\u8a72\u80a1\u7576\u524d\u7684\u9810\u671f\u80a1\u606f\u6536\u76ca\u7387\u70ba5.85%\u3002<\/p>\n

\u6b64\u5916\uff0cEnbridge\u5c07\u901a\u904e\u7e3d\u984d\u9ad8\u9054$270\u5104\u7684\u8cc7\u672c\u6295\u8cc7\u8a08\u5283\u9032\u4e00\u6b65\u64f4\u5927\u8cc7\u7522\u898f\u6a21\uff0c\u5176\u4e2d\u50f9\u503c$60\u5104\u7684\u9805\u76ee\u5c07\u5728\u4eca\u5e74\u6295\u5165\u4f7f\u7528\u3002\u8207\u6b64\u540c\u6642\uff0c\u96a8\u8457\u8abf\u50f9\u6a5f\u5236\u7684\u4fee\u8a02\u3001\u5206\u92b7\u8cbb\u7528\u7684\u4e0a\u5347\uff0c\u4ee5\u53ca\u5ba2\u6236\u57fa\u790e\u7684\u64f4\u5f35\uff0c\u516c\u53f8\u8ca1\u52d9\u696d\u7e3e\u5c07\u5f97\u5230\u9032\u4e00\u6b65\u63d0\u5347\u3002\u6700\u8fd1\uff0cEnbridge\u6536\u8cfc\u4e86\u4f4d\u65bc\u7f8e\u570b\u7684\u4e09\u9805\u5929\u7136\u6c23\u516c\u7528\u4e8b\u696d\u8cc7\u7522\uff0c\u9019\u4e0d\u50c5\u964d\u4f4e\u4e86\u904b\u71df\u98a8\u96aa\uff0c\u9084\u589e\u52a0\u4e86\u516c\u53f8\u7684\u73fe\u91d1\u6d41\u3002<\/p>\n

\u5c55\u671b\u672a\u4f86\uff0cEnbridge\u9810\u8a082025\u5e74\u8abf\u6574\u5f8cEBITDA\u5c07\u5728$194\u5104\u81f3$200\u5104\u4e4b\u9593\uff0c\u9019\u4e00\u6307\u5f15\u5340\u9593\u7684\u4e2d\u503c\u8f032024\u5e74\u7684\u6307\u5f15\u4e2d\u503c\u589e\u95779.4%\u3002\u6b64\u5916\uff0c\u516c\u53f8\u7ba1\u7406\u5c64\u9810\u8a08\uff0c\u5728\u672a\u4f86\u5e7e\u5e74\u88e1\uff0c\u8abf\u6574\u5f8cEBITDA\u7684\u5e74\u589e\u9577\u7387\u53ef\u90547-9%\u3002\u6191\u85c9\u826f\u597d\u7684\u589e\u9577\u524d\u666f\uff0cEnbridge\u6709\u671b\u7e7c\u7e8c\u63d0\u9ad8\u6d3e\u606f\u3002\u76ee\u524d\uff0c\u8a72\u80a1\u672a\u4f8612\u500b\u6708\u7684\u5e02\u76c8\u7387\uff08NTM P\/E\uff09\u70ba21.6\uff0c\u5c6c\u4e8e\u5408\u7406\u4f30\u503c\u6c34\u5e73\u3002<\/p>\n

\u7d9c\u5408\u4ee5\u4e0a\u56e0\u7d20\uff0cEnbridge\u662f\u9000\u4f11\u4eba\u58eb\u7406\u60f3\u7684\u6295\u8cc7\u9078\u64c7\u4e4b\u4e00\u3002<\/p>\n

\u52a0\u62ff\u5927\u8c50\u696d\u9280\u884c<\/h2>\n

\u52a0\u62ff\u5927\u8c50\u696d\u9280\u884c\uff08\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\u4ee3\u78bc\uff1aBNS\uff09\u6301\u7e8c\u7a69\u5b9a\u6d3e\u606f\uff0c\u56e0\u6b64\u540c\u6a23\u503c\u5f97\u9000\u4f11\u4eba\u58eb\u95dc\u6ce8\u3002\u6191\u85c9\u591a\u5143\u5316\u7684\u6536\u5165\u4f86\u6e90\uff0c\u4ee5\u53ca\u904d\u4f48\u5317\u7f8e\u548c\u5357\u7f8e\u7684\u696d\u52d9\u4f48\u5c40\uff0c\u9019\u5bb6\u91d1\u878d\u670d\u52d9\u516c\u53f8\u80fd\u5920\u751f\u6210\u5f37\u52c1\u7684\u73fe\u91d1\u6d41\uff0c\u56e0\u6b641833\u5e74\u4ee5\u4f86\u5f9e\u672a\u4e2d\u65b7\u904e\u6d3e\u606f\u3002\u904e\u53bb\u5341\u5e74\uff0c\u8a72\u80a1\u80a1\u606f\u5e74\u5316\u589e\u9577\u7387\u90544.5%\uff0c\u76ee\u524d\u7684\u80a1\u606f\u6536\u76ca\u7387\u70ba5.73%\u3002<\/p>\n

\u6b64\u5916\uff0c\u8c50\u696d\u9280\u884c\u8fd1\u671f\u5df2\u8207\u9054\u7dad\u7dad\u5b89\u9054\u9280\u884c\uff08Davivienda\uff09\u9054\u6210\u5354\u8b70\uff0c\u8a08\u5283\u5c07\u8a72\u884c\u5728\u54e5\u502b\u6bd4\u4e9e\u3001\u54e5\u65af\u9054\u9ece\u52a0\u548c\u5df4\u62ff\u99ac\u7684\u696d\u52d9\u8f49\u8b93\u7d66\u5c0d\u65b9\uff0c\u4ee5\u63db\u53d6\u5408\u4f75\u5be6\u9ad420%\u7684\u80a1\u6b0a\u3002\u8a72\u4ea4\u6613\u65e8\u5728\u63d0\u5347\u8c50\u696d\u9280\u884c\u5728\u975e\u6838\u5fc3\u5e02\u5834\u4e0a\u7684\u904b\u71df\u6548\u7387\uff0c\u540c\u6642\u96a8\u8457\u98a8\u96aa\u52a0\u6b0a\u8cc7\u7522\u7684\u6e1b\u5c11\uff0c\u8a72\u884c\u666e\u901a\u80a1\u4e00\u7d1a\u8cc7\u672c\u6bd4\u7387\uff08CET1\uff09\u4e5f\u5c07\u56e0\u6b64\u63d0\u9ad810-15\u500b\u57fa\u9ede\u3002\u8207\u6b64\u540c\u6642\uff0c\u8c50\u696d\u9280\u884c\u9084\u6536\u8cfc\u4e86KeyCorp\u984d\u591610%\u7684\u80a1\u4efd\uff0c\u6301\u80a1\u6bd4\u4f8b\u63d0\u9ad8\u81f314.9%\u3002\u9019\u4e00\u6230\u7565\u6295\u8cc7\u6709\u52a9\u65bc\u8c50\u696d\u9280\u884c\u9032\u4e00\u6b65\u64f4\u5927\u5728\u7f8e\u570b\u2014\u2014\u9019\u4e00\u9ad8\u589e\u9577\u5e02\u5834\u4e2d\u7684\u8cc7\u672c\u90e8\u7f72\u529b\u5ea6\u3002<\/p>\n

\u9019\u4e9b\u589e\u9577\u6230\u7565\u9810\u8a08\u5c07\u7e7c\u7e8c\u63a8\u52d5\u8c50\u696d\u9280\u884c\u7684\u8ca1\u52d9\u548c\u73fe\u91d1\u6d41\uff0c\u5f9e\u800c\u5920\u7dad\u6301\u5065\u5eb7\u7684\u5206\u7d05\u3002\u9019\u5bb6\u516c\u53f8\u7576\u524d\u7684\u672a\u4f8612\u500b\u6708\u5e02\u76c8\u7387\u70ba10.6\uff0c\u986f\u793a\u51fa\u8f03\u9ad8\u7684\u6295\u8cc7\u50f9\u503c\uff0c\u975e\u5e38\u9069\u5408\u9000\u4f11\u4eba\u58eb\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u9000\u4f11\u4eba\u58eb\u5f80\u5f80\u662f\u98a8\u96aa\u898f\u907f\u578b\u6295\u8cc7\u8005\uff0c\u56e0\u70ba\u4ed6\u5011\u6c92\u6709\u56fa\u5b9a\u6536\u5165\u4f86\u6e90\u3002\u56e0\u6b64\uff0c\u5728\u9078\u80a1\u6642\uff0c\u4ed6\u5011\u61c9\u5c07\u76ee\u5149\u6295\u5411\u90a3\u4e9b\u696d\u52d9\u7a69\u5065\u4e14\u7a69\u5b9a\u6d3e […]<\/p>\n","protected":false},"author":27,"featured_media":553638,"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":[2159,568,1860,574,2230],"class_list":["post-564269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-2159","tag-zh-hant-blog-tag-","tag--zh-hant","tag-574","tag-2230","sectors--zh-hant","sectors-oil-gas-zh-hant","sectors-financial-products-zh-hant","locations-canada-zh-hant","exchange-tsx-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/564269","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=564269"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/564269\/revisions"}],"predecessor-version":[{"id":564272,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/564269\/revisions\/564272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/553638"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=564269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=564269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=564269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}