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TSE:KEY

Keyera Corp (KEY.TO)

56.46
+0.50 (0.89%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
366 watching
0
BUY
When you look at the midstream space today, they are positioned very well in terms of growth opportunities out to 2022. He thinks you are getting a cheaper valuation and above average growth.
BUY

He likes it--slower growth, higher yield, something to hold onto for the long term. Its valuation is lower than its peers. Its debt is lower than ENB-T's. The dividend pays over 6%. Not flashy and it's boring, but you want something safe like this. Oil itself swings to extremes though millennials and ESG will stay away from energy long-term.

WEAK BUY
Long owned this, though it's been frustrating in recent years. But at least he's getting paid to wait. This should be trading close to $40. If now, collect the dividend and wait.
PAST TOP PICK

(A Top Pick Jun 14/19, Up 7%) The stock was beaten up and it was very difficult. Infrastructure space was well valued. The stock has stalled in a 3 years basis. Consistent growth and good dividend. A core holding.

WEAK BUY

ENB vs. Keyera for dividend safety They pay the same yield. FMV of Keyera is 14% higher and Enbridge is 13.4% than current stock prices. Keyera has resistance at $36 (sell at this point). The big difference is, the balance sheet of Enbridge is slipping away, while Keyera's is rising, so he mildly prefers Keyera. Both have limited upside.

COMMENT
IPL vs ENB? IPL is really a Western Canadian story with a 7.7% yield, whereas ENB is a North American play. IPL is building a petrochem plant, which is going to require a lot of debt. He thinks investors were upset with the take-over bid as they never were given a chance to vote on it. At this price level, he likes it. He prefers KEY.
BUY ON WEAKNESS
It is a core holding for him. It is more gas oriented. They are looking at an interesting expansion projects in western Canada and the stock does not get a lot of respect for them from this. He does not think they will have to issue equity but that threat may be overhanging the stock price. He likes the company and the management.
BUY
He's owned this before. It's formed a nice bottom, so it's a good time to buy it now. He will. It's a decent entry point. Good for an RRSP or a long-term investor.
BUY
It is a Nat gas mid-stream focused company. He likes it and holds it in his fund. They have a strong management team. There is going to be some continued shakeout at current depressed prices. They announced additionally they would have a key access pipeline system to transmit gas from Alberta to north west Saskatchewan. This should lift the price of the stock over the next couple of years.
PAST TOP PICK
(A Top Pick Oct 05/18, Up 2%) He actually doubled up on this position. What has transformed the business is that natural gas processing margins have expanded. They outlined a large infrastructure plan for 2022 to take advantage of growing production. In three years time the company's earnings will be very positive, he feels. Yield 5.8%
BUY

He likes the LNG space, and KEY has good assets in good areas. Pays a very good dividend as they grow these projects. A definite buy, but be patient with its capital appreciation. Good managers.

BUY

Bored investors get paid. KEY processes natural gas and has a deep moat, yet keeps increasing its dividend to pay shareholders.

BUY
Likes it. Part of his core infrastructure portfolio. Has performed well YTD, but still well off the highs. Nice thing is they have a really stable business and some growth initiatives. Waiting for a better environment for the stock to move higher. Great for an RRSP, and everyone should be looking at it. Yield is 5.2%.
TOP PICK
An internmediate mid-stream company. Over the next three years they are have several new projects coming on line. A sizable gas plant came onstream in May and will ramp up volumes in the second half of the year. An octane plant is also coming online. They announced another pipeline project in the Montney and Duvernay areas into their hub assets. He expects a 10% annual increase in earnings through to 2022. Yield 5.11% (Analysts’ price target is $39.34)
TOP PICK
A way to get into beaten up western Canada. Natural gas business. Processing plants. Stock's been hit. Have put in a pipe to tie all their assets together. Great piece of infrastructure, growing dividend. Yield is 5.58%. (Analysts’ price target is $39.50)
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