{"id":629749,"date":"2026-04-08T00:15:18","date_gmt":"2026-04-08T07:15:18","guid":{"rendered":"https:\/\/nai500.com\/?p=629749"},"modified":"2026-04-08T00:15:18","modified_gmt":"2026-04-08T07:15:18","slug":"%e6%8c%81%e6%9c%89%e9%80%99%e5%85%a9%e5%8f%aa%e9%ab%98%e6%94%b6%e7%9b%8a%e7%ae%a1%e9%81%93%e8%82%a1%e8%ae%93%e6%94%b6%e5%85%a5%e6%ba%90%e6%ba%90%e4%b8%8d%e6%96%b7","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/04\/%e6%8c%81%e6%9c%89%e9%80%99%e5%85%a9%e5%8f%aa%e9%ab%98%e6%94%b6%e7%9b%8a%e7%ae%a1%e9%81%93%e8%82%a1%e8%ae%93%e6%94%b6%e5%85%a5%e6%ba%90%e6%ba%90%e4%b8%8d%e6%96%b7\/","title":{"rendered":"\u6301\u6709\u9019\u5169\u53ea\u9ad8\u6536\u76ca\u7ba1\u9053\u80a1\uff0c\u8b93\u6536\u5165\u6e90\u6e90\u4e0d\u65b7"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">\u8a31\u591a\u8ffd\u6c42\u6536\u76ca\u7684\u6295\u8cc7\u8005\u81ea\u7136\u5c0d\u80fd\u6e90\u677f\u584a\u60c5\u6709\u7368\u937e\uff0c\u56e0\u70ba\u80fd\u6e90\u80a1\u63d0\u4f9b\u7684\u80a1\u606f\u6536\u76ca\u7387\u901a\u5e38\u76f8\u7576\u53ef\u89c0\u3002\u7136\u800c\uff0c\u6295\u8cc7\u90e8\u5206\u80fd\u6e90\u80a1\u4e5f\u5b58\u5728\u4e00\u4e9b\u4e0d\u5229\u56e0\u7d20\u3002\u4f8b\u5982\uff0c\u6cb9\u6c23\u50f9\u683c\u7684\u6ce2\u52d5\u6709\u6642\u6703\u964d\u4f4e\u5176\u73fe\u91d1\u6d41\u548c\u80a1\u606f\u7684\u53ef\u9760\u6027\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u4e0d\u904e\uff0c\u4e26\u975e\u6240\u6709\u80fd\u6e90\u80a1\u90fd\u5e36\u6709\u9019\u7a2e\u5305\u88b1\u3002\u4e2d\u6e38\u80fd\u6e90\u516c\u53f8\u4e0d\u53d7\u6cb9\u6c23\u50f9\u683c\u5f71\u97ff\u3002\u5b83\u5011\u7684\u7ba1\u9053\u985e\u4f3c\u65bc\u6536\u8cbb\u516c\u8def\uff0c\u7121\u8ad6\u6cb9\u6c23\u50f9\u683c\u5982\u4f55\u6ce2\u52d5\uff0c\u90fd\u901a\u904e\u8f38\u9001\u6db2\u9ad4\u6536\u53d6\u8cbb\u7528\u3002\u7e3d\u9ad4\u800c\u8a00\uff0c\u5982\u679c\u60a8\u559c\u6b61\u80fd\u6e90\u80a1\uff0c\u90a3\u9ebc\u9019\u5169\u53ea\u53ef\u4ee5\u6c38\u4e45\u6301\u6709\u3001\u8b93\u6536\u5165\u6e90\u6e90\u4e0d\u65b7\u7684\u7ba1\u9053\u80a1\u6216\u8a31\u503c\u5f97\u95dc\u6ce8\u3002<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">1. \u6069\u6a4b\uff1a\u4e0d\u6b62\u65bc\u7ba1\u9053<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">\u6069\u6a4b\uff08<a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=ENB\"><span class=\"s2\">ENB<\/span><\/a>\uff09\u6309\u5e02\u503c\u8a08\u7b97\u662f\u6700\u5927\u7684\u4e2d\u6e38\u80fd\u6e90\u80a1\u3002\u8a72\u516c\u53f8\u904b\u71df\u8457\u5168\u7403\u6700\u9577\uff08\u4e5f\u662f\u6700\u8907\u96dc\uff09\u7684\u539f\u6cb9\u8f38\u9001\u7db2\u7d61\uff0c\u5728\u7f8e\u570b\u548c\u52a0\u62ff\u5927\u64c1\u670918085\u82f1\u91cc\u7ba1\u9053\u3002\u6069\u6a4b\u9084\u904b\u71df\u845770273\u82f1\u91cc\u7684\u5929\u7136\u6c23\u7ba1\u9053\uff0c\u5305\u62ec\u5176\u8207Phillips 66\uff08PSX\uff09\u5408\u8cc7\u7684DCP Midstream\u8cc7\u7522\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u4f46\u6069\u6a4b\u4ee4\u4eba\u5370\u8c61\u6df1\u523b\u7684\u4e0d\u50c5\u662f\u5176\u7ba1\u9053\u7db2\u7d61\u3002\u8a72\u516c\u53f8\u9084\u662f\u4e00\u5bb6\u516c\u7528\u4e8b\u696d\u80a1\uff0c\u6309\u9ad4\u7a4d\u8a08\u7b97\u662f\u5317\u7f8e\u6700\u5927\u7684\u5929\u7136\u6c23\u516c\u7528\u4e8b\u696d\u516c\u53f8\u3002\u516c\u53f8\u540c\u6642\u6295\u8cc7\u65bc\u53ef\u518d\u751f\u80fd\u6e90\uff0c\u53ef\u518d\u751f\u80fd\u6e90\u88dd\u6a5f\u5bb9\u91cf\u7d04\u70ba7.2\u5409\u74e6\uff0c\u5305\u62ec\u6b63\u5728\u904b\u71df\u6216\u5efa\u8a2d\u4e2d\u7684\u9805\u76ee\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u8207\u8a31\u591a\u7ba1\u9053\u80a1\u4e00\u6a23\uff0c\u6069\u6a4b\u63d0\u4f9b\u8a98\u4eba\u7684\u80a1\u606f\u3002\u5176\u7576\u524d\u80a1\u606f\u6536\u76ca\u7387\u7d04\u70ba5.3%\u3002\u66f4\u4ee4\u4eba\u5370\u8c61\u6df1\u523b\u7684\u662f\uff0c\u8a72\u516c\u53f8\u5df2\u9023\u7e8c31\u5e74\u589e\u52a0\u80a1\u606f\u3002\u6069\u6a4b\u7ba1\u7406\u5c64\u5df2\u78ba\u5b9a\u52302030\u5e74\u6709500\u5104\u7f8e\u5143\u7684\u589e\u9577\u6a5f\u6703\u3002\u516c\u53f8\u9818\u5c0e\u5c64\u5df2\u8b49\u660e\u5176\u63d0\u4f9b\u7684\u6578\u64da\u662f\u53ef\u9760\u7684\uff0c\u56e0\u70ba\u8a72\u516c\u53f8\u5df2\u9023\u7e8c20\u5e74\u5be6\u73fe\u6216\u8d85\u904e\u7ba1\u7406\u5c64\u7684\u8ca1\u52d9\u6307\u5f15\u3002<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">2. Energy Transfer\uff1a\u5438\u5f15\u6536\u76ca\u578b\u548c\u50f9\u503c\u578b\u6295\u8cc7\u8005<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">\u60f3\u8981\u7ba1\u9053\uff1fEnergy Transfer\uff08<a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=ET\"><span class=\"s2\">ET<\/span><\/a>\uff09\u64c1\u6709\u9f90\u5927\u7684\u7ba1\u9053\u7db2\u7d61\u2014\u2014\u6a6b\u8de8\u7f8e\u570b\u5168\u5883\u9577\u905414\u842c\u82f1\u91cc\u3002\u9019\u5bb6\u4e2d\u6e38\u80fd\u6e90\u516c\u53f8\u5c24\u5176\u5c08\u6ce8\u65bc\u5fb7\u514b\u85a9\u65af\u5dde\u897f\u90e8\u7684Permian Basin\u5730\u5340\u4ee5\u53ca\u5fb7\u514b\u85a9\u65af\u5dde\u4f11\u65af\u9813\u9644\u8fd1\u7684\u80fd\u6e90\u6a1e\u7d10\u5340\u57df\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Energy Transfer\u662f\u8a31\u591a\u6536\u76ca\u578b\u6295\u8cc7\u8005\u7684\u9996\u9078\u3002\u5176\u9060\u671f\u80a1\u606f\u6536\u76ca\u7387\u8d85\u904e7%\u3002\u9019\u5bb6\u696d\u4e3b\u6709\u9650\u5408\u4f19\u516c\u53f8\uff08MLP\uff09\u7e7c\u7e8c\u4fdd\u6301\u5f37\u52c1\u7684\u5206\u914d\u8986\u84cb\u7387\u3002\u7ba1\u7406\u5c64\u76ee\u6a19\u662f\u6bcf\u5e74\u5206\u914d\u589e\u95773%\u81f35%\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u9019\u53ea\u7ba1\u9053\u80a1\u4e5f\u53ef\u80fd\u5438\u5f15\u50f9\u503c\u578b\u6295\u8cc7\u8005\u3002Energy Transfer\u7684\u55ae\u4f4d\u4ea4\u6613\u50f9\u683c\u50c5\u70ba\u9060\u671f\u76c8\u5229\u768411.4\u500d\uff0c\u4ee5\u53ca\u904e\u53bb12\u500b\u6708\u92b7\u552e\u984d\u76840.76\u500d\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u5728\u589e\u9577\u65b9\u9762\uff0c\u8a72\u80a1\u540c\u6a23\u6709\u6240\u5efa\u6a39\u3002Energy Transfer\u64c1\u6709\u7a69\u5065\u7684\u8cc7\u672c\u9805\u76ee\u5132\u5099\u3002\u7531\u65bc\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u9700\u6c42\u6fc0\u589e\uff0c\u516c\u53f8\u6b63\u4eab\u53d7\u5f37\u52c1\u589e\u9577\uff0c\u5df2\u7c3d\u7f72\u9577\u671f\u5354\u8b70\u70ba\u4e09\u500b\u7532\u9aa8\u6587\uff08<a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=ORCL\"><span class=\"s2\">ORCL<\/span><\/a>\uff09\u6578\u64da\u4e2d\u5fc3\u4f9b\u61c9\u5929\u7136\u6c23\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u7e3d\u7d50\uff1a\u6069\u6a4b\u6191\u501f\u9f90\u5927\u7684\u7ba1\u9053\u7db2\u7d61\u3001\u591a\u5143\u5316\u7684\u516c\u7528\u4e8b\u696d\u548c\u53ef\u518d\u751f\u80fd\u6e90\u4f48\u5c40\uff0c\u4ee5\u53ca\u9023\u7e8c31\u5e74\u80a1\u606f\u589e\u9577\u8a18\u9304\uff0c\u5c55\u73fe\u51fa\u9577\u671f\u7a69\u5065\u7684\u7d93\u71df\u80fd\u529b\uff1bEnergy Transfer\u5247\u4ee5\u8d85\u904e7%\u7684\u80a1\u606f\u6536\u76ca\u7387\u3001\u8f03\u4f4e\u7684\u4f30\u503c\u6c34\u5e73\uff0c\u4ee5\u53ca\u53d7\u76ca\u65bcAI\u9700\u6c42\u589e\u9577\u5e36\u4f86\u7684\u65b0\u9805\u76ee\uff0c\u5438\u5f15\u8457\u6536\u76ca\u578b\u548c\u50f9\u503c\u578b\u6295\u8cc7\u8005\u7684\u95dc\u6ce8\u3002\u9019\u5169\u53ea\u80a1\u7968\u5404\u6709\u7279\u8272\uff0c\u9069\u5408\u5c0b\u6c42\u9577\u671f\u6301\u6709\u3001\u6301\u7e8c\u7372\u5f97\u73fe\u91d1\u6d41\u7684\u6295\u8cc7\u8005\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8a31\u591a\u8ffd\u6c42\u6536\u76ca\u7684\u6295\u8cc7\u8005\u81ea\u7136\u5c0d\u80fd\u6e90\u677f\u584a\u60c5\u6709\u7368\u937e\uff0c\u56e0\u70ba\u80fd\u6e90\u80a1\u63d0\u4f9b\u7684\u80a1\u606f\u6536\u76ca\u7387\u901a\u5e38\u76f8\u7576\u53ef\u89c0\u3002\u7136\u800c\uff0c\u6295\u8cc7\u90e8\u5206\u80fd\u6e90\u80a1\u4e5f\u5b58\u5728 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":559391,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426],"tags":[568,1122,1860,574],"class_list":["post-629749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hant","tag-zh-hant-blog-tag-","tag-1122","tag--zh-hant","tag-574","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\/629749","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=629749"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/629749\/revisions"}],"predecessor-version":[{"id":629752,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/629749\/revisions\/629752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/559391"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=629749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=629749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=629749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}