Keyera Corp (KEY.TO)

Chart shows a big long upward trendline from 2010, and it is arcing up and is very parabolic. He expects that the stock should pull back a little bit.

Announced earnings recently, which completely shocked everybody, and the stock took off. Has an exceptionally strong management team. Really, really good executors. They are an important component of the infrastructure for the natural gas/liquids market. Pays a good dividend. Trading in a pretty rich valuation because of an exceptionally strong management team. Thinks that a lot of the growth prospects are priced into the company, but they do have substantial projects that are coming online starting next year. Feels the company will grow into the valuation, but for the short term, in the next year or 2, your returns could be sub par and limited to mostly dividend type returns. If you own, he would tend to trim a little.

The multiple on this stock is pretty high, but they are well positioned. The revenue growth estimate on this one is still pretty high. If you draw a line across the highs, we are at a point where we could see it start to pull back down to $70.

Energy infrastructure is in the middle of a very long revaluation vs. history. Because of the boom in production, they have had nice growth in cash and dividend. They will continue to grow it 8-10% a year. Lots of opportunities to grow. Will continue to expand in valuation.

Holds this and is very happy with it. Good management. Has been trimming his holdings at around $79, and moving out of that sector and into mid-cycle names. Feels this particular area is going to have a challenging time should rising interest rates come in. These are effectively fixed income proxies in the utility space. Feels there are headwinds on a go forward basis. If you are an investor that is focused on a consistent and healthy dividend income, he would look at picking up a name like this because the management team is so wonderful. Would prefer in the low $70’s.

A very dynamic company and very well run. Believes the asset base will continue to grow. They seem to be involved in most midstream projects. Their asset base is going to continue to grow. You have to be patient with the stock, and it will be a nice, steady performer. 3% dividend yield.

This is been a great name. It always looks expensive until they come out and announce the next CapX project, and then it looks cheap. He would buy this at under $75, and if you own continue to Hold. They are going through $1.5 billion CapX, but they could do $2.5 billion. If so, they are worth around $80-$85.

A midstream energy company, which moves stuff around and separate things. Good company. Prefers Pembina (PPL-T) which is much bigger, more liquid and has a much better dividend. If you look at the price return over the past 2 years, these 2 stocks are identical. If you own, you can add to your holdings over the next couple of weeks.

(Market Call Minute.) If you like natural gas, (he does) volumes could continue to grow and you’ll continue to see 5%-10% dividend growth. These companies have lots of opportunity to build new infrastructure with great economic returns.

A bit more volatility in their business mix. Not as many large diameter pipelines with big “take or pay” contracts that he likes. Doing tremendously well.

Fabulous story. A 400%-500% gainer over the last 6-7 years. Wonderful management. On a PE ratio it looks unbelievably expensive right now. On an enterprise value to earnings before interest appreciation and amortization, it looks more reasonable. Thinks the company is quite expensive right now because of its sharp rise.

(Top Pick Apr 9/13, Up 33.10%) A top ten position in the firm and will likely continue for a while. Did a great job of building out both marketing and infrastructure. Will continue to have investment opportunities to build out more infrastructure. Will continue to grow its dividend. A predictable asset without a lot of commodity risk.

(A Top Pick March 11/14. Up 5.62%.) Strong uptrend from early 2012. Every time it dips, you can buy more. Pipelines continue to expand across the nation.

(A Top Pick April 9/13. Up 26.22%.) Has been a top 10 holding for him for 3 years. His key thesis has been that the big boom in oil/gas means a big boom in infrastructure.

Has pulled back a bit, so now is an ok time to be entering Keyera, it's a bit cheaper than others in its group.