Keyera Corp (KEY.TO)

Likes this company. Great management team. Not a cheap stock. Has performed quite well, but it is expensive. Given where commodity prices are now, you could see some uncertainty here with the projects they are developing. At a certain point you can build and create the pipelines or facilities, but if the producers aren't able to pay them effectively, you're not going to be able to put anything through there. If you've had some good profits in this, it wouldn’t be bad to take some off the table.

Has had terrific growth, and more than that it has about $1.7 billion of growth projects locked into 2017, which gives them a continuation of their really strong growth which they've had in earnings. Up 88% in the quarter over last year. Their EBITDA growth should continue to be strong double-digit. Not just extracting natural gas liquids and selling them that way, but are into much more complicated things that give them a range of markets. Dividend yield of 2.74%.

This has been a great growth stock. It always seems somewhat expensive. Has bounced off the $90 level once and is back down to it again today. Wouldn’t be surprised if it bounces again. This is probably as good a time to step in here as you are going to get.

Don’t get out. It will turn around. Biggest midstream player in Canada. This was the biggest year in capital spending in their history. Every dollar earns a profit. Dividend will probably increase over the next couple of years. Every time it creeps above 4% it becomes a compelling buy. A core holding and a compelling buy.

The value got quite high (30 times earnings) so you have to be a bit careful. He prefers ALA-T.

Has gone down so much because of the quest for yield causing it to get overdone. The dividend is safe and will probably continue to grow. Don’t buy it here.

He was up 499% on his position. Brokerage reports are all saying it has pretty much topped out.

Likes this one tremendously, however it has had such a phenomenal run. The positives are the Montne, Duvernay and the liquids rich production. They also kind of corner the condensate market. Given its great run, he would treat this as a Hold.

This has been his biggest sector weight for the last 4 years. His basic premise is to own themes that have longevity to them, where companies within those sectors can be revalued versus other sectors based on some change that is taking place. What he likes about energy infrastructure is that it is not terribly dependent on the price of oil/gas. These are long life assets and they have been able to build additional facilities with long contracts and very predictable returns. These companies will continue to grow their dividends 5%-10% a year for the next 5 years. This company will benefit over time with the changes In Liquefied Natural Gas and its opportunities.

Probably will split. There is an appetite for yield and more so with growth. He has always had it. He is constantly selling some because it keeps going up. It’s a core holding. When rates go up in two years, the stock is probably going back to $80.

The stock has taken off after it reported last quarter. They had one of the best beats in a sector by far. This is one of her favourites. She would wait for a pullback, but she can’t guarantee that there will be one.

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.