{"id":583272,"date":"2025-07-15T01:58:42","date_gmt":"2025-07-15T08:58:42","guid":{"rendered":"https:\/\/nai500.com\/?p=583272"},"modified":"2025-07-15T01:58:42","modified_gmt":"2025-07-15T08:58:42","slug":"%e4%b8%8b%e8%b7%8c-%e6%9c%89%e5%ba%95-%e4%b8%8a%e6%bc%b2-%e6%9c%89%e7%a9%ba%e9%96%93-%e5%8a%a0%e6%8b%bf%e5%a4%a7%e9%87%91%e8%9e%8d-%e8%83%bd%e6%ba%90-%e7%a4%a6%e6%a5%ad-%e8%82%a1%e7%a5%a8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/07\/%e4%b8%8b%e8%b7%8c-%e6%9c%89%e5%ba%95-%e4%b8%8a%e6%bc%b2-%e6%9c%89%e7%a9%ba%e9%96%93-%e5%8a%a0%e6%8b%bf%e5%a4%a7%e9%87%91%e8%9e%8d-%e8%83%bd%e6%ba%90-%e7%a4%a6%e6%a5%ad-%e8%82%a1%e7%a5%a8\/","title":{"rendered":"\u4e0b\u8dcc\u6709\u5e95\uff0c\u4e0a\u6f32\u6709\u7a7a\u9593\uff0c\u8aaa\u7684\u5c31\u662f\u52a0\u62ff\u5927\u91d1\u878d\u3001\u80fd\u6e90\u548c\u7926\u696d\u677f\u584a\u7684\u9019\u4e09\u53ea\u80a1\u7968"},"content":{"rendered":"

\u96a8\u8457\u52a0\u62ff\u5927\u592e\u884c\u7dad\u6301\u9ad8\u5229\u7387\u653f\u7b56\u53ca\u5927\u5b97\u5546\u54c1\u50f9\u683c\u6ce2\u52d5\u52a0\u5287\uff0c\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\u6b63\u8fce\u4f86\u677f\u584a\u8f2a\u52d5\u6a5f\u9047\u3002\u52a0\u62ff\u5927\u8c50\u696d\u9280\u884cBank of Nova Scotia<\/b><\/strong>\u00a0(TSX:BNS<\/a>)\u3001Cenovus Energy<\/b><\/strong>\u00a0(TSX:CVE<\/a>)\u548cLundin Mining<\/b><\/strong>\u00a0(TSX:LUN<\/a>)\u5206\u5225\u4ee3\u8868\u91d1\u878d\u3001\u80fd\u6e90\u548c\u7926\u696d\u4e09\u5927\u5468\u671f\u6027\u9818\u57df\uff0c\u5728\u7576\u524d\u5e02\u5834\u8abf\u6574\u4e2d\u5c55\u73fe\u51fa\u7368\u7279\u7684\u9632\u79a6\u50f9\u503c\u8207\u53cd\u5f48\u6f5b\u529b\u3002<\/p>\n

\u52a0\u62ff\u5927\u8c50\u696d\u9280\u884c\uff08BNS\uff09\uff1a\u9ad8\u80a1\u606f+\u7a69\u5065\u8907\u8607\u6f5b\u529b<\/b><\/strong><\/h3>\n

\u4f5c\u70ba\u52a0\u62ff\u5927\u7b2c\u4e09\u5927\u9280\u884c\uff0c\u8c50\u696d\u9280\u884c\u6700\u65b0\u8ca1\u5831\u5448\u73fe\u201c\u71df\u6536\u589e\u3001\u5229\u6f64\u964d\u201d\u7684\u5178\u578b\u9006\u5468\u671f\u7279\u5f81\u3002\u8a72\u516c\u53f82025\u8ca1\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u71df\u6536\u540c\u6bd4\u589e\u95779%\u81f391\u5104\u52a0\u5143\uff0c\u4f46\u6de8\u5229\u6f64\u4e0b\u6ed1\u81f320.3\u5104\u52a0\u5143\uff08\u53bb\u5e74\u540c\u671f\u70ba20.9\u5104\uff09\u3002\u7ba1\u7406\u5c64\u6b63\u5728\u8a08\u63d014\u5104\u52a0\u5143\u58de\u8cec\u51c6\u5099\u91d1\uff0c\u4e3b\u8981\u61c9\u5c0d\u95dc\u7a05\u653f\u7b56\u4e0b\u7684\u5546\u696d\u8cb8\u6b3e\u98a8\u96aa\u3002<\/p>\n

\u8c50\u696d\u9280\u884c\u80a1\u7968\u7576\u524d\u80a1\u606f\u6536\u76ca\u7387\u70ba5.8%\uff0c\u986f\u8457\u9ad8\u65bc\u4e94\u5927\u884c\u5e73\u57474.2%\u7684\u6c34\u5e73\u3002<\/p>\n

\u8499\u7279\u5229\u723e\u9280\u884c\u5206\u6790\u5e2bClaire Kennedy\u6307\u51fa\uff0c\u8c50\u696d\u9280\u884c\u51fa\u552e\u90e8\u5206\u6d77\u5916\u8cc7\u7522\u5f8c\uff0c\u5317\u7f8e\u696d\u52d9\u5360\u6bd4\u63d0\u5347\u81f378%\uff0c\u5176\u901a\u904eKeyCorp\u5e03\u5c40\u7684\u7f8e\u570b\u5340\u57df\u6027\u9280\u884c\u696d\u52d9\u5c07\u6210\u70ba\u65b0\u589e\u9577\u9ede\u3002\u76e1\u7ba1\u77ed\u671f\u6de8\u606f\u5dee\u627f\u58d3\uff0c\u4f46\u8ca1\u5bcc\u7ba1\u7406\u696d\u52d912%\u7684\u8cbb\u7387\u6536\u5165\u589e\u9577\u63d0\u4f9b\u4e86\u7a69\u5b9a\u73fe\u91d1\u6d41\u3002<\/p>\n

\u80fd\u6e90\u50f9\u503c\u7aaa\u5730\uff1a<\/b><\/strong>Cenovus Energy<\/b><\/strong>\u7684\u73fe\u91d1\u6d41\u512a\u52e2<\/b><\/strong><\/h3>\n

Cenovus Energy\u5728\u6cb9\u50f9\u6ce2\u52d5\u4e2d\u5c55\u73fe\u51fa\u51fa\u8272\u7684\u6210\u672c\u63a7\u5236\u80fd\u529b\u3002\u8a72\u516c\u53f82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u65e5\u5747\u7522\u91cf\u70ba81.89\u842c\u6876\u6cb9\u7576\u91cf\uff0c\u904b\u71df\u73fe\u91d1\u6d41\u905413\u5104\u52a0\u5143\u3002\u8de8\u5c71\u7ba1\u9053\u64f4\u5efa\u4f7f\u904b\u8f38\u6210\u672c\u4e0b\u964d18%\u5f8c\uff0c\u6bcf\u6876\u6cb9\u904b\u71df\u6210\u672c\u5df2\u964d\u81f310.2\u52a0\u5143\u3002<\/p>\n

\u7ba1\u7406\u5c64\u5df2\u7d93\u5c07\u80a1\u606f\u4e0a\u8abf11%\u81f30.8\u52a0\u5143\/\u5e74\uff0c\u81ea\u7531\u73fe\u91d1\u6d41\u8986\u84cb\u7387\u53ef\u7dad\u63013.5\u500d\u5b89\u5168\u908a\u969b\u3002<\/p>\n

\u503c\u5f97\u6307\u51fa\u7684\u662f\uff0c\u8a72\u516c\u53f8\u7576\u524dEV\/EBITDA\u50c54.8\u500d\uff0c\u8f03\u4e94\u5e74\u66c6\u53f2\u5747\u503c\u6298\u50f930%\u3002\u745e\u9280\u6e2c\u7b97\uff0c\u82e5WTI\u6cb9\u50f9\u56de\u5347\u81f385\u7f8e\u5143\/\u6876\uff0c\u5176\u80a1\u606f\u6536\u76ca\u7387\u6709\u671b\u6500\u5347\u81f35.5%\u3002<\/p>\n

Lundin Mining<\/b><\/strong>\u00a0<\/b><\/strong>\uff1a<\/b><\/strong>\u9285\u91d1\u96d9\u9a45\u52d5\uff0c\u53d7\u76ca\u65bc\u5168\u7403\u57fa\u5efa\u9700\u6c42<\/b><\/strong><\/h3>\n

Lundin Mining\u901a\u904e\u8cc7\u7522\u512a\u5316\u5be6\u73fe\u4e86\u696d\u7e3e\u53cd\u8f49\u3002\u8a72\u516c\u53f82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u9285\u7522\u91cf\u70ba7.7\u842c\u5678\uff0c\u540c\u6bd4\u589e\u957722%\uff0c\u8abf\u6574\u5f8cEBITDA\u9054\u52303.88\u5104\u7f8e\u5143\u3002\u51fa\u552e\u6b50\u6d32\u8cc7\u7522\u5f8c\uff0c\u8a72\u516c\u53f8\u6b63\u5168\u529b\u958b\u767c\u667a\u5229Vicu\u00f1a\u9285\u91d1\u9805\u76ee\uff08\u8207\u5fc5\u548c\u5fc5\u62d3\u5408\u4f5c\uff09\u3002<\/p>\n

Lundin\u7684\u80a1\u606f\u652f\u4ed8\u7387\u4fdd\u630120%\u7684\u884c\u696d\u4f4e\u4f4d\uff0c\u4e14\u7ba1\u7406\u5c64\u5df2\u7d93\u555f\u52d5\u4e862.5\u5104\u7f8e\u5143\u7684\u80a1\u7968\u56de\u8cfc\u8a08\u5283\u3002\u9ad8\u76db\u5728\u4e00\u4efd\u7814\u7a76\u5831\u544a\u4e2d\u5f37\u8abf\uff0c\u8003\u616e\u5230\u76ee\u524dLME\u9285\u5eab\u5b58\u50c5\u59201.4\u5929\u6d88\u8cbb\uff0cLundin 2025\u5e7412\u842c\u5678\u7684\u7522\u91cf\u6307\u5f15\u5c07\u5145\u5206\u53d7\u76ca\u65bc\u6bcf\u56789500\u7f8e\u5143\u4ee5\u4e0a\u7684\u9285\u50f9\u3002<\/p>\n

\u7d44\u5408\u69cb\u5efa\uff1a\u653b\u5b88\u517c\u5099\u7684\u4e09\u89d2\u7b56\u7565<\/b><\/strong><\/h3>\n

\u5009\u4f4d\u914d\u7f6e\u5efa\u8b70<\/b><\/strong><\/p>\n\n\n\n\n\n\n
\u6a19\u7684<\/b><\/strong><\/td>\n\u914d\u7f6e\u6bd4\u4f8b<\/b><\/strong><\/td>\n\u6838\u5fc3\u512a\u52e2<\/b><\/strong><\/td>\n\u95dc\u9375\u98a8\u96aa<\/b><\/strong><\/td>\n<\/tr>\n
\u8c50\u696d\u9280\u884c<\/td>\n40%<\/td>\n\u9ad8\u80a1\u606f+\u7d93\u6fdf\u8907\u8607beta<\/td>\n\u5546\u696d\u5730\u7522\u8cb8\u6b3e\u60e1\u5316<\/td>\n<\/tr>\n
Cenovus Energy<\/td>\n35%<\/td>\n\u73fe\u91d1\u6d41+\u7ba1\u9053\u6ea2\u50f9<\/td>\n\u74b0\u4fdd\u653f\u7b56\u6536\u7dca<\/td>\n<\/tr>\n
Lundin Mining<\/td>\n25%<\/td>\n\u9285\u50f9\u5f48\u6027+\u9805\u76ee\u5132\u5099<\/td>\n\u5357\u7f8e\u7926\u696d\u7a05\u6539<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u9053\u660e\u8b49\u5238\u5168\u7403\u5b8f\u89c0\u7b56\u7565\u4e3b\u7ba1James Rossiter\u8868\u793a\uff1a\u9019\u4e09\u5bb6\u4f01\u696d\u5747\u5177\u5099\u201c\u4e0b\u8dcc\u6709\u5e95\u3001\u4e0a\u6f32\u6709\u7a7a\u9593\u201d\u7684\u7279\u8cea\uff0c\u7576\u5e02\u5834\u6050\u614c\u6642\uff0c\u5176\u73fe\u91d1\u6d41\u6298\u73fe\u50f9\u503c\u5f80\u5f80\u88ab\u4f4e\u4f30\u3002\u6295\u8cc7\u8005\u53ef\u95dc\u6ce8\u4e8c\u5b63\u5831\u62ab\u9732\u5f8c\u7684\u76c8\u5229\u4fee\u6b63\u7a97\u53e3\uff0c\u628a\u63e1\u5e02\u5834\u904e\u5ea6\u53cd\u61c9\u5e36\u4f86\u7684\u5165\u5834\u6a5f\u6703\u3002<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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