{"id":573229,"date":"2025-04-25T21:19:50","date_gmt":"2025-04-26T04:19:50","guid":{"rendered":"https:\/\/nai500.com\/?p=573229"},"modified":"2025-04-25T21:19:50","modified_gmt":"2025-04-26T04:19:50","slug":"%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e5%85%ac%e7%94%a8-%e4%ba%8b%e6%a5%ad-%e8%82%a1%e7%a5%a8-%e6%8a%95%e8%b3%87-%e7%b5%84%e5%90%88-%e5%ae%9a%e6%b5%b7-%e7%a5%9e%e9%87%9d","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/04\/%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e5%85%ac%e7%94%a8-%e4%ba%8b%e6%a5%ad-%e8%82%a1%e7%a5%a8-%e6%8a%95%e8%b3%87-%e7%b5%84%e5%90%88-%e5%ae%9a%e6%b5%b7-%e7%a5%9e%e9%87%9d\/","title":{"rendered":"\u9019\u4e9b\u52a0\u62ff\u5927\u516c\u7528\u4e8b\u696d\u80a1\u7968\u662f\u6295\u8cc7\u7d44\u5408\u7684\u5b9a\u6d77\u795e\u91dd"},"content":{"rendered":"<p>\u5982\u679c\u60f3\u8981\u5efa\u7acb\u4e00\u500b\u80fd\u5275\u9020\u7a69\u5b9a\u6536\u5165\u7684\u6295\u8cc7\u7d44\u5408\uff0c\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\uff08TSX\uff09\u7684\u516c\u7528\u4e8b\u696d\u80a1\u7968\u662f\u4e0d\u932f\u7684\u9078\u64c7\u3002\u516c\u7528\u4e8b\u696d\u516c\u53f8\u5f80\u5f80\u64c1\u6709\u7a69\u5b9a\u7684\u73fe\u91d1\u6d41\uff0c\u4e26\u5b9a\u671f\u6d3e\u767c\u80a1\u606f\uff0c\u9019\u5c0d\u65bc\u671f\u5f85\u7a69\u5b9a\u56de\u5831\u7684\u6295\u8cc7\u8005\u4f86\u8aaa\u975e\u5e38\u6709\u5438\u5f15\u529b\u3002<\/p>\n<p>\u73fe\u968e\u6bb5\uff0c<strong><b>Brookfield Infrastructure Partners\u00a0<\/b><\/strong>(<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=BIP.UN%3ACA\">TSX:BIP.UN<\/a>)\u3001<strong><b>Keyera<\/b><\/strong>\u00a0(<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=KEY%3ACA\">TSX:KEY<\/a>)\u548c<strong><b>TC Energy<\/b><\/strong>\u00a0(<a href=\"https:\/\/nai500.com\/zh-hant\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%A9%A2\/?qm_symbol=TRP%3ACA\">TSX:TRP<\/a>)\u9019\u4e09\u53ea\u516c\u7528\u4e8b\u696d\u80a1\u7968\u90fd\u53ef\u4ee5\u8003\u616e\u8cb7\u5165\u3002\u5982\u679c\u6709\u4e00\u7b461.5\u842c\u52a0\u5143\u7684\u8cc7\u91d1\uff0c\u5728\u9019\u4e09\u53ea\u80a1\u7968\u4e0a\u5404\u6295\u8cc75000\u52a0\u5143\uff0c\u6839\u64da\u7576\u524d\u7684\u80a1\u606f\u6536\u76ca\u7387\uff0c\u53ef\u4ee5\u671f\u5f85\u63a5\u8fd11000\u52a0\u5143\u7684\u5e74\u56de\u5831\uff01\u50c5\u5f9e\u80a1\u606f\u4f86\u770b\uff0c\u4e5f\u662f\u5f88\u53ef\u89c0\u7684\u3002<\/p>\n<h2><strong><b>BIP<\/b><\/strong><\/h2>\n<p>Brookfield Infrastructure Partners\u4ee5\u5728\u4e16\u754c\u5404\u5730\u64c1\u6709\u5404\u7a2e\u5404\u6a23\u7684\u57fa\u790e\u8a2d\u65bd\u8cc7\u7522\u800c\u805e\u540d\uff0c\u5305\u62ec\u6536\u8cbb\u516c\u8def\u3001\u6e2f\u53e3\u3001\u9435\u8def\u3001\u80fd\u6e90\u50b3\u8f38\u7dda\uff0c\u751a\u81f3\u6578\u64da\u4e2d\u5fc3\u3002<\/p>\n<p>2024\u5e74\uff0c\u8a72\u516c\u53f8\u5831\u544a\u7684\u6536\u5165\u70ba210\u5104\u52a0\u5143\u3002\u76e1\u7ba1\u6de8\u5229\u6f64\u53ea\u67093400\u842c\u52a0\u5143\uff0c\u4f46Brookfield\u7684\u4e3b\u8981\u91cd\u9ede\u662f\u9577\u671f\u589e\u9577\u8cc7\u7522\uff0c\u4e26\u7522\u751f\u53ef\u6301\u7e8c\u7684\u73fe\u91d1\u6d41\u3002\u76ee\u524d\uff0c\u9019\u53ea\u516c\u7528\u4e8b\u696d\u80a1\u7968\u7684\u80a1\u606f\u6536\u76ca\u7387\u7d04\u70ba4.5%\u3002\u9019\u610f\u5473\u8457\u6295\u8cc7\u8005\u53ef\u4ee5\u5f9e\u6301\u6709\u7684Brookfield Infrastructure Partners\u80a1\u7968\u55ae\u4f4d\u4e2d\u7372\u5f97\u7a69\u5b9a\u7684\u6536\u5165\u3002\u8a72\u516c\u53f8\u5728\u5168\u7403\u4e0d\u540c\u7684\u9818\u57df\u958b\u5c55\u696d\u52d9\uff0c\u56e0\u6b64\u6709\u80fd\u529b\u61c9\u5c0d\u5404\u7a2e\u7d93\u6fdf\u72c0\u6cc1\uff0c\u800c\u4e14\u4e0d\u6703\u904e\u5ea6\u4f9d\u8cf4\u65bc\u4efb\u4f55\u4e00\u500b\u55ae\u4e00\u7684\u5e02\u5834\u3002\u9019\u7a2e\u591a\u6a23\u5316\u662f\u4e00\u500b\u95dc\u9375\u512a\u52e2\u3002<\/p>\n<h2><strong><b>Keyera<\/b><\/strong><\/h2>\n<p>Keyera\u5728\u77f3\u6cb9\u548c\u5929\u7136\u6c23\u9818\u57df\u958b\u5c55\u696d\u52d9\uff0c\u4f46\u8a72\u516c\u53f8\u672c\u8eab\u4e26\u4e0d\u947d\u63a2\u77f3\u6cb9\u6216\u5929\u7136\u6c23\uff0c\u800c\u662f\u5074\u91cd\u65bc\u4e2d\u904a\u696d\u52d9\uff0c\u5305\u62ec\u52a0\u5de5\u548c\u904b\u8f38\u5929\u7136\u6c23\u548c\u5929\u7136\u6c23\u6db2\u9ad4\u30022024\u5e74\uff0cKeyera\u5275\u4e0b\u4e8613\u5104\u52a0\u5143\u8abf\u6574\u5f8c\u606f\u7a05\u6298\u820a\u53ca\u6524\u92b7\u524d\u5229\u6f64\uff08EBITDA\uff09\u7684\u7d00\u9304\u3002<\/p>\n<p>\u5f37\u52c1\u7684\u696d\u7e3e\u662f\u7531\u8a72\u516c\u53f8\u6240\u6709\u4e0d\u540c\u696d\u52d9\u9818\u57df\u7684\u7a69\u5b9a\u6536\u76ca\u5171\u540c\u9a45\u52d5\u7684\uff0c\u5c55\u793a\u4e86\u6548\u7387\u548c\u9700\u6c42\u3002Keyera\u5831\u544a\u5168\u5e74\u53ef\u5206\u914d\u73fe\u91d1\u6d41\u70ba7.71\u5104\u52a0\u5143\uff0c\u76f8\u7576\u65bc\u6bcf\u80a13.36\u52a0\u5143\u3002Keyera\u80a1\u7968\u76ee\u524d\u7684\u80a1\u606f\u6536\u76ca\u7387\u7d04\u70ba6.5%\uff0c\u70ba\u5c0b\u6c42\u5b9a\u671f\u6d3e\u606f\u7684\u6295\u8cc7\u8005\u63d0\u4f9b\u4e86\u4e00\u500b\u76f8\u7576\u6709\u5438\u5f15\u529b\u7684\u6536\u76ca\u6a5f\u6703\u3002\u6b64\u5916\uff0c\u5305\u62ec\u52a0\u5de5\u5ee0\u548c\u904b\u8f38\u7ba1\u9053\u5728\u5167\u7684\u7d9c\u5408\u696d\u52d9\u4ee5\u53ca\u6230\u7565\u589e\u9577\u9805\u76ee\u6709\u52a9\u65bc\u4fdd\u6301\u5176\u8ca1\u52d9\u5f48\u6027\u3002<\/p>\n<h2><strong><b>TC Energy<\/b><\/strong><\/h2>\n<p>TC\u00a0Energy\u662f\u5317\u7f8e\u80fd\u6e90\u57fa\u790e\u8a2d\u65bd\u9818\u57df\u7684\u4e3b\u8981\u53c3\u8207\u8005\uff0c\u4ee5\u5176\u5ee3\u6cdb\u7684\u5929\u7136\u6c23\u548c\u77f3\u6cb9\u7ba1\u9053\u7db2\u7d61\u800c\u805e\u540d\u30022024\u5e74\uff0c\u8a72\u516c\u53f8\u5831\u544a\u6301\u7e8c\u904b\u71df\u7522\u751f\u7684EBITDA\u70ba100\u5104\u52a0\u5143\uff0c\u6bd4\u524d\u4e00\u5e74\u589e\u9577\u4e866%\u3002\u6b78\u5c6c\u65bc\u666e\u901a\u80a1\u80a1\u6771\u7684\u6de8\u6536\u5165\u70ba46\u5104\u52a0\u5143\uff0c\u5408\u6bcf\u80a14.43\u52a0\u5143\u3002<\/p>\n<p>\u7ba1\u7406\u5c64\u96a8\u5f8c\u5c07\u5b63\u5ea6\u80a1\u606f\u589e\u52a0\u4e863.3%\uff0c\u9054\u5230\u6bcf\u80a10.85\u52a0\u5143\uff0c\u4e26\u4e14\u5df2\u7d93\u9023\u7e8c25\u5e74\u589e\u52a0\u80a1\u606f\uff01TC Energy\u7576\u524d\u7684\u80a1\u606f\u6536\u76ca\u7387\u7d04\u70ba6.5%\uff0c\u70ba\u91cd\u8996\u80fd\u6e90\u57fa\u790e\u8a2d\u65bd\u9818\u57df\u7a69\u5b9a\u6027\u548c\u6301\u7e8c\u652f\u51fa\u7684\u6295\u8cc7\u8005\u63d0\u4f9b\u4e86\u5f37\u52c1\u7684\u6536\u5165\u6d41\u3002\u6b63\u5728\u9032\u884c\u7684\u9805\u76ee\uff0c\u5305\u62ecSoutheast Gateway\u7ba1\u9053\uff0c\u8868\u660e\u8a72\u516c\u53f8\u4ecd\u81f4\u529b\u65bc\u672a\u4f86\u7684\u589e\u9577\u548c\u5728\u6574\u500b\u5317\u7f8e\u5927\u9678\u8f38\u9001\u80fd\u6e90\u7684\u53ef\u9760\u6027\u3002<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5982\u679c\u60f3\u8981\u5efa\u7acb\u4e00\u500b\u80fd\u5275\u9020\u7a69\u5b9a\u6536\u5165\u7684\u6295\u8cc7\u7d44\u5408\uff0c\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\uff08TSX\uff09\u7684\u516c\u7528\u4e8b\u696d\u80a1\u7968\u662f\u4e0d\u932f\u7684\u9078\u64c7\u3002\u516c\u7528\u4e8b\u696d\u516c\u53f8\u5f80 [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":404536,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522],"tags":[2171,2165,2147,1860],"class_list":{"0":"post-573229","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-1522","8":"tag-2171","9":"tag--zh-hant","12":"sectors-oil-gas-zh-hant","13":"locations-canada-zh-hant","14":"exchange-tsx-zh-hant"},"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/573229","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\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=573229"}],"version-history":[{"count":4,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/573229\/revisions"}],"predecessor-version":[{"id":573234,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/573229\/revisions\/573234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/404536"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=573229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=573229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=573229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}