Barry SchwartzKeyera CorpKEY.TODON'T BUYFeb 26, 2013

Utility style company with reliable dividend. Lots of share issuance - a concern. Better options for investors in markets. Lots of a debt impacted by rising interest rates. 

Mostly nat gas plants and processing. Critical infrastructure. A great, steady mid-stream business. 10-year lows on valuation. Yield is 5.96%.

Steady dividend in a noisy macro time, without a lot of risk. Beat on Q2. Low leverage and payout ratio. Expects higher valuations once market becomes comfortable with Key Access Pipeline.

Trades at a decent 16x and 6.4% dividend and decent growth rate. It remains a good play on LNG.

Through its investments, has shown itself to be much more than a conventional pipeline company. Held up better than others in the space. Good things for the future. Happy to hold.

Not buying for growth clients, but more for a balanced and income-focused portfolio. All the pipelines are down, but he still expects them to raise dividends going forward.

His preference in the space, with its new KAPS program. See his Top Picks.

The dividend is safe. What makes KEY different from the pipeline stocks is that KEY carries some commodity risk; they're a little tied to the price of the commodity they transports. The PE has declined and it pays a decent dividend.

The market's precarious, so he's just looking for stocks that pay a dividend. It's a sideways chart. His stop point is a line in the sand, so if it starts to break down, he'll be out. Buy near the bottom of the channel and you'll be OK. Yield is 6.3%.

He's very positive about LNG Canada, not because gas prices will shoot to the moon, but due to gas volumes, if they ever or when they finish the Coastal Gaslink. After a decade or more, Canada is finally selling nat gas abroad. Finally. Really likes Keyera. Infrastructure in western Canada is underpriced considering opportunities in the coming years.

One of the better stocks in the energy space. Relative strength is really accelerating. Energy's a big part of the TSX, so you always want to own some. Doesn't mind adding exposure, has the defensive dividend. 

Excellent long term business prospects with legacy assets.
Building pattern happening in technical analysis. 
Good for the short term with strong dividends.

Great company with excellent assets.
Key infrastructure that is very hard to replicate.
Perfect company for the long term shareholder.
Cheap share price with ~6% yield.
P/E ratio at 14.