Stockchase Opinions

Alex Ruus Keyera Corp KEY-T PAST TOP PICK Nov 15, 2024

(A Top Pick Aug 31/23, Up 42%)

Excellent company with very strong assets. Skilled management team that is able to allocate capital well. Market starting to recognize value of company - expecting 20-30% upside. Dividend very safe. 

$45.110

Stock price when the opinion was issued

oil gas
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BUY

ALA is your best pick in the space, followed by GEI. PPL and KEY round out the group of names to look at.

BUY

Would recommend buying. Good for a 2-5 year hold. LNG Canada & Transmountain completion very good for the business. Major oil & gas expansion will help generate higher profits. Would recommend buying. 

HOLD

Steady uptrend of higher lows and higher highs. Beautiful rising channel, nice accumulation. So far, continuing to trend upward. Yield is 5%.

BUY

Owns in his balanced fund for income. Strong long-term performer. Hopefully will benefit from more LNG buildouts. Oil & gas prices are decent. In the face of lower interest rates, offers stable dividend without much regulatory concern.

Hard to tell if it will go higher, as it's not a high-growth company. Perhaps expect 8-10% long-term growth with dividends. One of the best infrastructure names in Canada.

BUY
Sell TRP to diversify?

KEY works well from here, and PPL slightly better. Lightening up on TRP to diversify makes sense, as long as you aren't paying capital gains tax and it's in a registered account.

HOLD

Does not own shares. Has been watching company closely. Believes natural gas will continue to be in high demand. Would recommend investors pay close attention. 

PAST TOP PICK
(A Top Pick Apr 09/18, Up 66%)

Always felt it didn't get the credit it deserved. Great business. If Canada wants to be able to better defend itself on the global stage, perhaps it should bring more of the value chain within its borders instead of sending every oil and gas molecule south of the border. This company would have billions to deploy on projects if returns met its hurdle rate.

DON'T BUY

Betwixt and between, which makes it hard to call. Right up against quite strong technical resistance, and right at FMV. Good things have to happen, such as earnings and visibility of earnings. Unless you can see those, be very cautious about taking a position.

If it could bust through $46, that would be good, particularly if the price of energy also moves up to support it.

BUY

Chart's looking pretty good, broken out from the December downtrend. Initial resistance would be close to the previous high of $48. So far so good, nice breakout.