{"id":618518,"date":"2026-02-02T23:15:27","date_gmt":"2026-02-03T07:15:27","guid":{"rendered":"https:\/\/nai500.com\/?p=618518"},"modified":"2026-02-02T23:15:27","modified_gmt":"2026-02-03T07:15:27","slug":"%e7%82%ba%e4%bb%80%e9%ba%bc%e8%aa%aa%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%87%aa%e7%84%b6%e8%b3%87%e6%ba%90%ef%bc%88cnq%ef%bc%89%e6%98%af%e9%95%b7%e6%9c%9f%e6%8a%95%e8%b3%87%e8%80%85%e7%9a%84","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/02\/%e7%82%ba%e4%bb%80%e9%ba%bc%e8%aa%aa%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%87%aa%e7%84%b6%e8%b3%87%e6%ba%90%ef%bc%88cnq%ef%bc%89%e6%98%af%e9%95%b7%e6%9c%9f%e6%8a%95%e8%b3%87%e8%80%85%e7%9a%84\/","title":{"rendered":"\u70ba\u4ec0\u9ebc\u8aaa\u52a0\u62ff\u5927\u81ea\u7136\u8cc7\u6e90\uff08CNQ\uff09\u662f\u9577\u671f\u6295\u8cc7\u8005\u7684\u201c\u50f9\u503c\u5bf6\u85cf\u201d\uff1f"},"content":{"rendered":"<p>\u8fd1\u671f\uff0c\u52a0\u62ff\u5927\u80fd\u6e90\u677f\u584a\u6ce2\u52d5\u5287\u70c8\uff0c\u8b93\u8a31\u591a\u6295\u8cc7\u8005\u671b\u800c\u537b\u6b65\u3002\u7136\u800c\uff0c\u5e02\u5834\u7684\u6ce2\u52d5\u5f80\u5f80\u80fd\u7be9\u51fa\u771f\u6b63\u7684\u5f37\u8005\u3002\u5176\u4e2d\uff0c\u5e02\u503c\u9ad8\u90541040\u5104\u52a0\u5143\u7684\u80fd\u6e90\u5de8\u982d<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=CNQ%3ACA\">\u52a0\u62ff\u5927\u81ea\u7136\u8cc7\u6e90\uff08CNQ\uff09<\/a>\u6191\u85c9\u7f55\u898b\u7684\u201c\u7a69\u5b9a\u6027\u50f9\u503c\u201d\u7d44\u5408\u9032\u5165\u9577\u671f\u6295\u8cc7\u8005\u7684\u8996\u91ce\u2014\u2014\u5b83\u63d0\u4f9b\u7684\u4e0d\u50c5\u662f\u8a98\u4eba\u7684\u8fd14.8%\u7684\u80a1\u606f\u6536\u76ca\u7387\uff0c\u66f4\u662f\u4e00\u5ea7\u80fd\u5920\u62b5\u79a6\u884c\u696d\u9031\u671f\u98a8\u6d6a\u7684\u5805\u56fa\u5821\u58d8\u3002<\/p>\n<h2>\u4e00\u3001\u898f\u6a21\u8207\u6210\u672c\u69cb\u7bc9\u6838\u5fc3\u8b77\u57ce\u6cb3<\/h2>\n<p>\u5728WCS\uff08\u897f\u52a0\u62ff\u5927\u7cbe\u9078\u539f\u6cb9\uff09\u8207WTI\uff08\u897f\u5fb7\u5dde\u539f\u6cb9\uff09\u50f9\u5dee\u53ef\u80fd\u6ce2\u52d5\u7684\u9670\u5f71\u4e0b\uff0c\u8a31\u591a\u52a0\u62ff\u5927\u80fd\u6e90\u751f\u7522\u5546\u7684\u76c8\u5229\u524d\u666f\u986f\u5f97\u6a21\u7cca\uff0c\u4f46CNQ\u7684\u9f90\u5927\u898f\u6a21\u548c\u5353\u8d8a\u904b\u71df\u5f62\u6210\u4e86\u5929\u7136\u7de9\u885d\u3002\u516c\u53f8\u7b2c\u4e09\u5b63\u5ea6\u65e5\u5747\u7522\u91cf\u9054\u5230\u5275\u7d00\u9304\u7684160\u842c\u6876\u6cb9\u7576\u91cf\uff0c\u6cb9\u7802\u958b\u63a1\u696d\u52d9\u7684\u5229\u7528\u7387\u9ad8\u9054104%\uff0c\u55ae\u4f4d\u904b\u71df\u6210\u672c\u66f4\u662f\u63a7\u5236\u5728\u884c\u696d\u9818\u5148\u7684\u6bcf\u687621\u7f8e\u5143\u3002\u8fd1\u671f\u8207Shell Canada\u7684\u8cc7\u7522\u7f6e\u63db\u4ea4\u6613\u9032\u4e00\u6b65\u589e\u52a0\u4e863.1\u842c\u6876\/\u65e5\u7684\u96f6\u905e\u6e1b\u7387\u7522\u91cf\uff0c\u63d0\u5347\u4e86\u6574\u9ad4\u904b\u71df\u6548\u7387\u3002\u9019\u610f\u5473\u8457\uff0c\u5373\u4fbf\u9762\u81e8\u77ed\u671f\u5b9a\u50f9\u58d3\u529b\uff0cCNQ\u6191\u85c9\u6975\u4f4e\u7684\u6210\u672c\u66f2\u7dda\u548c\u6975\u9ad8\u7684\u904b\u71df\u6548\u7387\uff0c\u4f9d\u7136\u80fd\u4fdd\u6301\u5f37\u5927\u7684\u73fe\u91d1\u6d41\u751f\u6210\u80fd\u529b\u3002<\/p>\n<h2>\u4e8c\u3001\u201c\u50f9\u503c\u4e09\u91cd\u594f\u201d\uff1a\u80a1\u606f\u3001\u56de\u8cfc\u8207\u8ca1\u52d9\u5065\u5eb7<\/h2>\n<p>\u5c0d\u65bc\u9577\u671f\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u53ef\u6301\u7e8c\u7684\u80a1\u6771\u56de\u5831\u548c\u7a69\u5065\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\u6bd4\u77ed\u671f\u80a1\u50f9\u6ce2\u52d5\u66f4\u70ba\u91cd\u8981\u3002CNQ\u5728\u9019\u65b9\u9762\u582a\u7a31\u5178\u7bc4\uff1a<\/p>\n<ol>\n<li>\u6301\u7e8c\u589e\u9577\u7684\u80a1\u606f\uff1a\u516c\u53f8\u5df2\u5be6\u73fe\u9023\u7e8c25\u5e74\u63d0\u9ad8\u80a1\u606f\uff0c\u5e74\u5747\u8907\u5408\u589e\u9577\u7387\u9ad8\u905421%\u3002\u7576\u524d\u7d044.8%\u7684\u80a1\u606f\u7387\u5efa\u7acb\u5728\u5f37\u52c1\u7684\u81ea\u7531\u73fe\u91d1\u6d41\u57fa\u790e\u4e0a\uff0c\u5177\u5099\u6975\u9ad8\u7684\u5b89\u5168\u6027\u3002<\/li>\n<li>\u7a4d\u6975\u7684\u8cc7\u672c\u8fd4\u9084\uff1a2024\u5e74\u524d\u4e09\u5b63\u5ea6\uff0c\u516c\u53f8\u5df2\u901a\u904e\u80a1\u606f\u548c\u80a1\u7968\u56de\u8cfc\u5411\u80a1\u6771\u8fd4\u908462\u5104\u52a0\u5143\u3002\u56de\u8cfc\u63a8\u52d5\u4e86\u6bcf\u80a1\u7522\u91cf\u7684\u589e\u9577\uff0c\u76f4\u63a5\u63d0\u5347\u4e86\u80a1\u6771\u6b0a\u76ca\u3002<\/li>\n<li>\u5805\u5982\u78d0\u77f3\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\uff1a\u622a\u81f3\u6700\u8fd1\u5b63\u5ea6\uff0c\u516c\u53f8\u8ca0\u50b5\u5c0dEBITDA\u6bd4\u7387\u50c5\u70ba0.9\u500d\uff0c\u8ca1\u52d9\u5065\u5eb7\u5ea6\u9060\u8d85\u884c\u696d\u5e73\u5747\u6c34\u5e73\u3002\u9019\u70ba\u516c\u53f8\u7a7f\u8d8a\u9031\u671f\u3001\u6355\u6349\u6230\u7565\u6536\u8cfc\u6a5f\u6703\u63d0\u4f9b\u4e86\u5145\u8db3\u5f48\u85e5\u3002<\/li>\n<\/ol>\n<h2>\u4e09\u3001\u88ab\u5e02\u5834\u76f8\u5c0d\u4f4e\u4f30\u7684\u5165\u5834\u6642\u6a5f<\/h2>\n<p>\u8207\u90e8\u5206\u52d5\u80fd\u66f4\u5f37\u52c1\u7684\u4e2d\u5c0f\u76e4\u540c\u696d\u76f8\u6bd4\uff0cCNQ\u904e\u53bb\u4e00\u5e74\u7d0411%\u7684\u6f32\u5e45\u986f\u5f97\u6eab\u548c\u3002\u4f46\u9019\u6070\u6070\u5275\u9020\u4e86\u76f8\u5c0d\u7684\u4f30\u503c\u512a\u52e2\u3002\u7d0415.7\u500d\u7684\u8ffd\u8e64\u5e02\u76c8\u7387\u5728\u5927\u578b\u7d9c\u5408\u80fd\u6e90\u516c\u53f8\u4e2d\u986f\u5f97\u9817\u5177\u5438\u5f15\u529b\u3002\u96d6\u7136\u80a1\u50f9\u8c9d\u5854\u4fc2\u6578\uff08\u7d041.1\uff09\u7565\u9ad8\uff0c\u6697\u793a\u6ce2\u52d5\u6027\u53ef\u80fd\u5927\u65bc\u5e02\u5834\uff0c\u4f46\u5c0d\u65bc\u80fd\u5920\u627f\u53d7\u9069\u5ea6\u6ce2\u52d5\u4ee5\u63db\u53d6\u9ad8\u984d\u4e14\u6301\u7e8c\u589e\u9577\u6536\u5165\u6d41\u7684\u9577\u671f\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u9019\u6216\u8a31\u662f\u4e00\u500b\u503c\u5f97\u63a5\u53d7\u7684\u6b0a\u8861\u3002<\/p>\n<h2>\u7d50\u8ad6<\/h2>\n<p>\u77ed\u671f\u6cb9\u50f9\u50f9\u5dee\u7684\u6ce2\u52d5\u6216\u8a31\u6703\u7e7c\u7e8c\u70ba\u52a0\u62ff\u5927\u80fd\u6e90\u80a1\u5e36\u4f86\u566a\u97f3\uff0c\u4f46\u52a0\u62ff\u5927\u81ea\u7136\u8cc7\u6e90\uff08CNQ\uff09\u00a0\u5c55\u793a\u4e86\u5982\u4f55\u6191\u85c9\u7121\u8207\u502b\u6bd4\u7684\u898f\u6a21\u512a\u52e2\uff0c\u9802\u7d1a\u7684\u904b\u71df\u80fd\u529b\uff0c\u56b4\u8b39\u7684\u8cc7\u672c\u914d\u7f6e\u4ee5\u53ca\u5c0d\u80a1\u6771\u56de\u5831\u7684\u5805\u5b9a\u627f\u8afe\uff0c\u5c07\u884c\u696d\u7684\u6311\u6230\u8f49\u5316\u70ba\u9577\u671f\u7af6\u722d\u512a\u52e2\u3002\u5c0d\u65bc\u5c0b\u6c42\u9ad8\u80a1\u606f\u6536\u76ca\u3001\u8ca1\u52d9\u7a69\u5065\u4e26\u80fd\u6301\u7e8c\u5206\u4eab\u5168\u7403\u80fd\u6e90\u9700\u6c42\u589e\u9577\u7d05\u5229\u7684\u50f9\u503c\u578b\u6295\u8cc7\u8005\u800c\u8a00\uff0cCNQ\u7576\u524d\u7684\u50f9\u4f4d\u78ba\u5be6\u63d0\u4f9b\u4e86\u4e00\u500b\u503c\u5f97\u6df1\u5165\u5be9\u8996\u7684\u201c\u5bf6\u85cf\u201d\u5165\u53e3\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8fd1\u671f\uff0c\u52a0\u62ff\u5927\u80fd\u6e90\u677f\u584a\u6ce2\u52d5\u5287\u70c8\uff0c\u8b93\u8a31\u591a\u6295\u8cc7\u8005\u671b\u800c\u537b\u6b65\u3002\u7136\u800c\uff0c\u5e02\u5834\u7684\u6ce2\u52d5\u5f80\u5f80\u80fd\u7be9\u51fa\u771f\u6b63\u7684\u5f37\u8005\u3002\u5176\u4e2d\uff0c\u5e02\u503c\u9ad8\u9054104 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":563990,"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":[2159,2147,568,1860],"class_list":{"0":"post-618518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-1522","8":"category-trends-strategies-zh-hant","9":"tag-2159","10":"tag--zh-hant","11":"tag-zh-hant-blog-tag-","13":"sectors-oil-gas-zh-hant","14":"locations-canada-zh-hant","15":"exchange-tsx-zh-hant"},"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/618518","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=618518"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/618518\/revisions"}],"predecessor-version":[{"id":618521,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/618518\/revisions\/618521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/563990"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=618518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=618518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=618518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}