{"id":626211,"date":"2026-03-18T00:27:46","date_gmt":"2026-03-18T07:27:46","guid":{"rendered":"https:\/\/nai500.com\/?p=626211"},"modified":"2026-03-18T00:27:46","modified_gmt":"2026-03-18T07:27:46","slug":"%e7%9c%8b%e8%91%97%e6%b2%b9%e5%83%b9%e7%9c%bc%e7%b4%85%e6%83%b3%e8%b2%b7%e7%9f%b3%e6%b2%b9%e8%82%a1%ef%bc%9f%e5%88%a5%e6%80%a5%ef%bc%81%e5%85%88%e6%90%9e%e6%b8%85%e6%a5%9a%e9%80%99%e4%b8%89%e9%bb%9e","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/03\/%e7%9c%8b%e8%91%97%e6%b2%b9%e5%83%b9%e7%9c%bc%e7%b4%85%e6%83%b3%e8%b2%b7%e7%9f%b3%e6%b2%b9%e8%82%a1%ef%bc%9f%e5%88%a5%e6%80%a5%ef%bc%81%e5%85%88%e6%90%9e%e6%b8%85%e6%a5%9a%e9%80%99%e4%b8%89%e9%bb%9e\/","title":{"rendered":"\u770b\u8457\u6cb9\u50f9\u773c\u7d05\u60f3\u8cb7\u77f3\u6cb9\u80a1\uff1f\u5225\u6025\uff01\u5148\u641e\u6e05\u695a\u9019\u4e09\u9ede"},"content":{"rendered":"<p>\u8fd1\u671f\uff0c\u4e2d\u6771\u5730\u7de3\u653f\u6cbb\u885d\u7a81\u6301\u7e8c\u5347\u7d1a\uff0c\u5168\u7403\u80fd\u6e90\u5e02\u5834\u518d\u8d77\u6ce2\u703e\u3002\u4f5c\u70ba\u5927\u5b97\u5546\u54c1\u4e4b\u738b\u7684\u539f\u6cb9\uff0c\u50f9\u683c\u61c9\u8072\u98c6\u6f32\uff0c\u4e00\u6642\u9593\uff0c\u5404\u5927\u8ca1\u7d93\u5a92\u9ad4\u982d\u689d\u518d\u6b21\u88ab\u6cb9\u50f9\u4f54\u64da\u3002\u5c0d\u65bc\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u6cb9\u50f9\u7684\u4e0a\u6f32\u81ea\u7136\u8b93\u4eba\u806f\u60f3\u5230\u77f3\u6cb9\u516c\u53f8\u7684\u8c50\u539a\u5229\u6f64\uff0c\u9032\u800c\u5c0d\u77f3\u6cb9\u80a1\u8822\u8822\u6b32\u52d5\u3002<\/p>\n<p>\u7136\u800c\uff0c\u83ef\u723e\u8857\u6709\u4e00\u53e5\u53e4\u8001\u7684\u8afa\u8a9e\uff1a<strong>\u56e0\u70ba\u67d0\u500b\u5546\u54c1\u50f9\u683c\u4e0a\u6f32\u800c\u8cb7\u5165\u751f\u7522\u8a72\u5546\u54c1\u7684\u516c\u53f8\u80a1\u7968\uff0c\u5f80\u5f80\u662f\u8667\u9322\u6700\u5feb\u7684\u65b9\u5f0f\u4e4b\u4e00\u3002<\/strong>\u00a0\u5728\u7576\u524d\u9019\u8f2a\u7531\u5730\u7de3\u653f\u6cbb\u9a45\u52d5\u7684\u6cb9\u50f9\u98c6\u5347\u4e2d\uff0c\u6b77\u53f2\u7d93\u9a57\u8207\u884c\u696d\u908f\u8f2f\u90fd\u5728\u63d0\u9192\u6211\u5011\uff1a\u5728\u6309\u4e0b\u8cb7\u5165\u9375\u4e4b\u524d\uff0c\u8acb\u52d9\u5fc5\u5148\u5398\u6e05\u4ee5\u4e0b\u4e09\u500b\u95dc\u9375\u4e8b\u5be6\u3002<\/p>\n<h2>1. \u77f3\u6cb9\u662f\u5929\u7136\u7684\u201c\u9031\u671f\u6027\u4e4b\u738b\u201d\uff0c\u8ffd\u9ad8\u5bb9\u6613\u8cb7\u5728\u201c\u5c71\u9802\u201d<\/h2>\n<p>\u83ef\u723e\u8857\u7684\u8a18\u61b6\u901a\u5e38\u5f88\u77ed\uff0c\u6295\u8cc7\u8005\u5f80\u5f80\u5bb9\u6613\u88ab\u77ed\u671f\u7684\u4e8b\u4ef6\u6027\u884c\u60c5\u6240\u88f9\u633e\uff0c\u800c\u5ffd\u8996\u4e86\u884c\u696d\u9577\u671f\u7684\u6b77\u53f2\u898f\u5f8b\u3002\u7576\u524d\u7684\u6cb9\u50f9\u98c6\u5347\u662f\u4e00\u500b\u975e\u5e38\u5178\u578b\u7684\u4f8b\u5b50\u3002<\/p>\n<p>\u8aa0\u7136\uff0c\u66f4\u9ad8\u7684\u6cb9\u50f9\u610f\u5473\u8457\u80fd\u6e90\u516c\u53f8\u8cec\u9762\u4e0a\u6703\u6709\u66f4\u591a\u7684\u73fe\u91d1\uff0c\u77ed\u671f\u5167\u8ca1\u5831\u6703\u975e\u5e38\u4eae\u773c\u3002\u4f46\u77f3\u6cb9\u884c\u696d\u7684\u6b77\u53f2\uff0c\u5176\u5be6\u5c31\u662f\u4e00\u90e8\u7e41\u69ae\u8207\u856d\u689d\u7684\u4ea4\u66ff\u53f2\u3002\u5c31\u5728\u5e7e\u5e74\u524d\uff0c\u8ca0\u6cb9\u50f9\u7684\u9ed1\u5929\u9d5d\u4e8b\u4ef6\u4ecd\u6b77\u6b77\u5728\u76ee\uff1b\u66f4\u65e9\u4e4b\u524d\uff0c2014\u5e74\u7684\u6cb9\u50f9\u5d29\u76e4\u4e5f\u8b93\u7121\u6578\u8ffd\u9ad8\u7684\u6295\u8cc7\u8005\u640d\u5931\u6158\u91cd\u3002<\/p>\n<p>\u5730\u7de3\u885d\u7a81\u5e36\u4f86\u7684\u4f9b\u7d66\u4e2d\u65b7\u98a8\u96aa\u662f\u771f\u5be6\u5b58\u5728\u7684\uff0c\u4f46\u9019\u985e\u4e8b\u4ef6\u6027\u6ea2\u50f9\u5f80\u5f80\u5177\u6709\u9ad8\u5ea6\u7684\u81e8\u6642\u6027\u3002\u4e00\u65e6\u5c40\u52e2\u7de9\u548c\uff0c\u6216\u8005\u4e3b\u8981\u7d93\u6fdf\u9ad4\u51fa\u73fe\u9700\u6c42\u653e\u7de9\u7684\u8de1\u8c61\uff0c\u9ad8\u4f01\u7684\u6cb9\u50f9\u4fbf\u53ef\u80fd\u8fc5\u901f\u56de\u843d\u3002\u5c0d\u65bc\u9577\u671f\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u50c5\u50c5\u56e0\u70ba\u770b\u5230\u6cb9\u50f9\u9ad8\u6f32\u800c\u8cb7\u5165\u80a1\u7968\uff0c\u5927\u6982\u7387\u6703\u8cb7\u5728\u884c\u696d\u4f30\u503c\u7684\u76f8\u5c0d\u9ad8\u9ede\uff0c\u6210\u70ba\u201c\u63a5\u76e4\u4fe0\u201d\u3002<\/p>\n<h2>2. \u540c\u6a23\u662f\u77f3\u6cb9\u80a1\uff0c\u5167\u90e8\u5dee\u7570\u5de8\u5927\uff0c\u9078\u932f\u8cfd\u9053\u7b49\u65bc\u767d\u5fd9<\/h2>\n<p>\u5982\u679c\u4f60\u5728\u5206\u6790\u4e86\u98a8\u96aa\u4e4b\u5f8c\uff0c\u4f9d\u7136\u6c7a\u5b9a\u8981\u6295\u8cc7\u80fd\u6e90\u677f\u584a\uff0c\u90a3\u9ebc\u5fc5\u9808\u610f\u8b58\u5230\uff1a\u4e26\u4e0d\u662f\u6240\u6709\u7684\u77f3\u6cb9\u80a1\u90fd\u503c\u5f97\u8cb7\uff0c\u4e0d\u540c\u7684\u5546\u696d\u6a21\u5f0f\u5728\u9762\u5c0d\u6cb9\u50f9\u6ce2\u52d5\u6642\uff0c\u547d\u904b\u622a\u7136\u4e0d\u540c\u3002<\/p>\n<p>\u6211\u5011\u53ef\u4ee5\u7c21\u55ae\u5c07\u77f3\u6cb9\u80a1\u5206\u70ba\u5169\u985e\uff1a<\/p>\n<ul>\n<li><strong>\u55ae\u7d14\u7684\u751f\u7522\u5546\uff08\u5982<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=DVN\">Devon Energy, DVN<\/a><\/strong><strong>\uff09\uff1a<\/strong>\u00a0\u9019\u985e\u516c\u53f8\u5c08\u6ce8\u65bc\u4e0a\u6e38\u7684\u52d8\u63a2\u8207\u751f\u7522\u3002\u5b83\u5011\u5c0d\u6cb9\u50f9\u9ad8\u5ea6\u654f\u611f\uff0c\u5c6c\uffff\u201c\u770b\u5929\u5403\u98ef\u201d\u578b\u3002\u6cb9\u50f9\u6f32\uff0c\u5229\u6f64\u66b4\u589e\uff1b\u6cb9\u50f9\u8dcc\uff0c\u5247\u53ef\u80fd\u9677\u5165\u8667\u640d\u751a\u81f3\u50b5\u52d9\u5371\u6a5f\u3002\u5982\u679c\u4f60\u7d14\u5c6c\u60f3\u77ed\u7dda\u535a\u5f08\u6cb9\u50f9\uff0c\u9019\u985e\u6a19\u7684\u5f48\u6027\u6700\u5927\uff0c\u4f46\u98a8\u96aa\u4e5f\u6700\u76f4\u63a5\u3002<\/li>\n<li><strong>\u591a\u5143\u5316\u7684\u4e00\u9ad4\u5316\u5de8\u982d\uff08\u5982<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=CVX\">\u96ea\u4f5b\u9f8d, CVX<\/a><\/strong><strong>\uff09\uff1a<\/strong>\u00a0\u50cf\u96ea\u4f5b\u9f8d\u9019\u6a23\u7684\u516c\u53f8\uff0c\u696d\u52d9\u8cab\u7a7f\u4e0a\u4e0b\u6e38\uff0c\u5f9e\u958b\u63a1\u3001\u904b\u8f38\u5230\u7149\u5316\u92b7\u552e\uff0c\u5f62\u6210\u4e86\u4e00\u500b\u5b8c\u6574\u7684\u9589\u74b0\u3002\u9019\u7a2e\u6a21\u5f0f\u8ce6\u4e88\u4e86\u5b83\u5011\u5f37\u5927\u7684\u6297\u98a8\u96aa\u80fd\u529b\u3002\u5373\u4fbf\u6cb9\u50f9\u4e0b\u8dcc\uff0c\u4e0b\u6e38\u7684\u7149\u5316\u92b7\u552e\u696d\u52d9\u53ef\u80fd\u56e0\u70ba\u6210\u672c\u964d\u4f4e\u800c\u589e\u539a\u5229\u6f64\uff0c\u5f9e\u800c\u5e73\u6ed1\u6574\u500b\u516c\u53f8\u7684\u696d\u7e3e\u6ce2\u52d5\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u96ea\u4f5b\u9f8d\u64c1\u6709\u696d\u5167\u6700\u5f37\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\u4e4b\u4e00\uff0c\u4e14\u4fdd\u6301\u4e86\u6578\u5341\u5e74\u7684\u80a1\u606f\u589e\u9577\u8a18\u9304\u3002\u5c0d\u65bc\u4e0d\u60f3\u5728\u9031\u671f\u88e1\u201c\u5750\u904e\u5c71\u8eca\u201d\u7684\u6295\u8cc7\u8005\u4f86\u8aaa\uff0c\u9019\u985e\u5de8\u982d\u624d\u662f\u7a7f\u8d8a\u9031\u671f\u7684\u58d3\u8259\u77f3\u3002<\/li>\n<\/ul>\n<h2>3. \u907f\u958b\u6cb9\u50f9\u7684\u92d2\u8292\uff1a\u6709\u4e00\u7a2e\u80fd\u6e90\u80a1\u201c\u53ea\u6536\u8cbb\uff0c\u4e0d\u554f\u50f9\u201d<\/h2>\n<p>\u9019\u53ef\u80fd\u662f\u5f88\u591a\u6295\u8cc7\u8005\u5ffd\u7565\u7684\u4e00\u500b\u8996\u89d2\uff1a\u5728\u80fd\u6e90\u9818\u57df\uff0c\u5176\u5be6\u5b58\u5728\u8457\u4e00\u985e\u8207\u5927\u5b97\u5546\u54c1\u50f9\u683c\u95dc\u806f\u5ea6\u8f03\u4f4e\u7684\u201c\u6536\u79df\u578b\u201d\u8cc7\u7522\u2014\u2014<strong>\u4e2d\u6e38\u7ba1\u9053\u516c\u53f8\uff08\u5982<\/strong><strong><a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=EPD\">Enterprise Products Partners, EPD<\/a><\/strong><strong>\uff09\u3002<\/strong><\/p>\n<p>\u9019\u4e9b\u516c\u53f8\u4e0d\u76f4\u63a5\u751f\u7522\u77f3\u6cb9\uff0c\u800c\u662f\u904b\u71df\u8457\u904d\u4f48\u5168\u570b\u7684\u6cb9\u6c23\u7ba1\u9053\u3001\u5132\u5b58\u8a2d\u65bd\u548c\u51fa\u53e3\u7d42\u7aef\u3002\u7121\u8ad6\u6cb9\u50f9\u662f100\u7f8e\u5143\u9084\u662f30\u7f8e\u5143\uff0c\u53ea\u8981\u7d93\u6fdf\u904b\u8f49\uff0c\u793e\u6703\u5c31\u9700\u8981\u6d88\u8cbb\u80fd\u6e90\uff0c\u77f3\u6cb9\u548c\u5929\u7136\u6c23\u5c31\u9700\u8981\u901a\u904e\u5b83\u5011\u7684\u7ba1\u9053\u6d41\u52d5\u3002\u5b83\u5011\u901a\u904e\u6536\u53d6\u56fa\u5b9a\u7684\u201c\u904e\u8def\u8cbb\u201d\u4f86\u7372\u53d6\u6536\u5165\u3002<\/p>\n<p>\u4ee5Enterprise Products Partners\u70ba\u4f8b\uff0c\u80fd\u6e90\u9700\u6c42\u7684\u6301\u7e8c\u6027\u662f\u9a45\u52d5\u8a72\u516c\u53f8\u696d\u7e3e\u7684\u6838\u5fc3\uff0c\u800c\u975e\u6cb9\u50f9\u7684\u77ed\u671f\u6ce2\u52d5\u3002\u76ee\u524d\uff0c\u9019\u985e\u516c\u53f8\u63d0\u4f9b\u7684\u80a1\u606f\u7387\u53ef\u80fd\u9ad8\u90545.8%\u5de6\u53f3\u3002\u5c0d\u65bc\u5927\u591a\u6578\u8ffd\u6c42\u7a69\u5065\u73fe\u91d1\u6d41\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u8207\u5176\u5728\u6ce2\u52d5\u7684\u6cb9\u50f9\u4e2d\u535a\u5f08\uff0c\u4e0d\u5982\u9078\u64c7\u9019\u7a2e\u201c\u920d\u611f\u201d\u65bc\u5546\u54c1\u50f9\u683c\u7684\u6536\u79df\u8cc7\u7522\uff0c\u7528\u6642\u9593\u4f86\u63db\u53d6\u7a69\u5b9a\u7684\u5206\u7d05\u56de\u5831\u3002<\/p>\n<h2>\u7d50\u8a9e<\/h2>\n<p>\u6b77\u53f2\u53cd\u5fa9\u8b49\u660e\uff0c\u88ab\u77ed\u671f\u4e8b\u4ef6\u9a45\u52d5\u7684\u8ffd\u6f32\u884c\u70ba\uff0c\u5f80\u5f80\u662f\u6295\u8cc7\u5931\u5229\u7684\u4e3b\u8981\u6839\u6e90\u3002\u4e2d\u6771\u7684\u70ae\u706b\u9ede\u71c3\u4e86\u6cb9\u50f9\u7684\u6fc0\u60c5\uff0c\u4f46\u6295\u8cc7\u8005\u7684\u982d\u8166\u9700\u8981\u4fdd\u6301\u51b7\u975c\u3002<\/p>\n<p>\u5982\u679c\u4f60\u770b\u597d\u80fd\u6e90\u884c\u696d\uff0c\u8207\u5176\u8ced\u6cb9\u50f9\u7684\u65b9\u5411\uff0c\u4e0d\u5982\u7ad9\u5728\u66f4\u9ad8\u7684\u7dad\u5ea6\uff0c\u9078\u64c7\u90a3\u4e9b\u80fd\u5920\u99d5\u99ad\u9031\u671f\u7684\u512a\u8cea\u4f01\u696d\u3002\u7121\u8ad6\u662f\u50cf\u96ea\u4f5b\u9f8d\u9019\u6a23\u7684\u591a\u5143\u5316\u5de8\u982d\uff0c\u9084\u662f\u50cfEnterprise Products Partners\u9019\u6a23\u7684\u4e2d\u6e38\u6536\u79df\u65b9\uff0c\u5b83\u5011\u53ef\u80fd\u4e0d\u6703\u5728\u6cb9\u50f9\u66b4\u6f32\u6642\u7d66\u4f60\u6700\u6975\u81f4\u7684\u5f48\u6027\uff0c\u4f46\u4e00\u5b9a\u80fd\u5728\u884c\u696d\u7684\u6f6e\u8d77\u6f6e\u843d\u4e2d\uff0c\u5b88\u8b77\u4f60\u7684\u672c\u91d1\u4e26\u5e36\u4f86\u6301\u7e8c\u7684\u56de\u5831\u3002<\/p>\n<p>\u7562\u7adf\uff0c\u6295\u8cc7\u7684\u7d42\u6975\u76ee\u6a19\uff0c\u4e0d\u662f\u6293\u4f4f\u6bcf\u4e00\u6b21\u6ce2\u52d5\uff0c\u800c\u662f\u5728\u9577\u8dd1\u4e2d\u7a69\u7a69\u5730\u52dd\u51fa\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8fd1\u671f\uff0c\u4e2d\u6771\u5730\u7de3\u653f\u6cbb\u885d\u7a81\u6301\u7e8c\u5347\u7d1a\uff0c\u5168\u7403\u80fd\u6e90\u5e02\u5834\u518d\u8d77\u6ce2\u703e\u3002\u4f5c\u70ba\u5927\u5b97\u5546\u54c1\u4e4b\u738b\u7684\u539f\u6cb9\uff0c\u50f9\u683c\u61c9\u8072\u98c6\u6f32\uff0c\u4e00\u6642\u9593\uff0c\u5404\u5927\u8ca1\u7d93\u5a92 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":442143,"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":[2416,1788,568,1860],"class_list":["post-626211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-u-s-stocks-zh-hant","tag-1788","tag-zh-hant-blog-tag-","tag--zh-hant","sectors-oil-gas-zh-hant","locations-us-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/626211","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=626211"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/626211\/revisions"}],"predecessor-version":[{"id":626214,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/626211\/revisions\/626214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/442143"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=626211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=626211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=626211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}