TSE:KEY

Keyera Corp (KEY.TO)

54.76
+0.22 (0.40%)
as of Sep 14, 2026, 8:00:01 pm Market Open.
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Investor Insights
star iconSep 14, 2026, 12:00 am

This summary was created by AI, based on 16 opinions in the last 12 months.

Keyera Corp (KEY-T) has garnered a generally positive outlook from analysts, with many highlighting its recent acquisition of Plains and the subsequent growth potential through 2030. The company is seen as well-positioned in the energy infrastructure space within Western Canada, benefiting from increased demand for LNG and condensate, as well as production growth in the Montney region. Despite some concerns about valuation—with a PE ratio of 18.3x and moderate exposure to commodity prices—analysts note that it offers solid cash flow and dividends, making it a viable choice for investors looking for stability. The integration of Plains assets is a significant growth catalyst, and the company is expected to maintain its growth trajectory, evidenced by expectations of 23% EPS growth. However, caution is advised due to potential acquisition risks and market exposure, suggesting that while optimistic, investors should remain vigilant about market fluctuations and integration challenges.

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Consensus
Positive
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Valuation
Overvalued
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Similar
ENB
BUY

Very well run company. Has had a move but for the long-term it still pays a great dividend. Has increased the dividend significantly over the years. 4.1% dividend yield.

TOP PICK

One of the best respected management teams in the oil patch. If this company doesn’t exist oil and natural gas companies can’t function. They are a processor and distributor of natural gas and propane. Significantly important infrastructure. Have a history of increasing dividends. Good solid balance sheet. Yielding a little over 4%.

DON'T BUY

Not his Top Pick. You could let it go a bit further if you are going to average down.

BUY

Had a bit of a stumble earlier this year because of natural gas liquids and frac spreads. Last quarter was not so bad. A good long-term investment.

TOP PICK

Midstream operator. Tremendous track record from its 2004 IPO. Had one bad quarter and the stock sold off from $52 to $39 giving a golden opportunity to step in. Even at $47, he thinks it is worth $53. Tremendous small tuck-in acquisition potential as well as projects they have going on in Alberta. 4.3% dividend yield.

TOP PICK
Oil/gas business in Western Canada cannot operate without this company. They are a processor and shipper of natural gas and liquids. They own the processing facilities and get paid a fee to do that. Great management. 4.6% yield.
BUY
Very good company and he thinks the dividend is quite safe. Gas processor, so although gas prices are very low and impacting the producers, it doesn't really have that much of an impact on this company.
TOP PICK
It stumbled so this is an opportunity to pick it up. It is a screaming bargain and then they had a really good quarter. 4.8% yield. Buy it and put it away.
TOP PICK
A processor, shipper and distributor of natural gas. If this company didn't exist, the oilsands would not be able to function. A natural gas company gets the gas out of the ground and goes to one of this company's plant’s, which strips all the ethane, butane and condensate and then ship it down their own pipes to someone else's pipes. 4.75% yield.
TOP PICK
In the natural gas business but not a commodity producer at $1.50, but is a natural gas processor. Quite stable business. Stock ran up and got hit when there was a bit of short-term volatility in their trading business. Very stable business. 5% dividend yield. Company can incrementally grow its business by about 5% a year.
BUY
(Market Call Minute.) Very stable cash flow. Investors have been too cruel to this stock.
HOLD
Gold stocks have underperformed for 3 or 4 months because they had been under a lot of selling pressure. When gold sort of gave up in Jan/Feb, stocks have not been able to get any kind of traction.
TOP PICK
Gas transmission plants that clean natural gas. Good cash flow. Good yield. Gas business is not going away although price is a problem short-term.
BUY
Recently bought on its weakness. Stock got hit because of its propane business, which used to price off of oil but now prices off natural gas. This is a midstream producer that takes all the by-products of natural gas, which is usually a high margin business. Great management. Has an internal growth profile of 10%-15%.
COMMENT
Have a nice run-up until the end of December and started pulling back. He expects there would be support at around the $36 level. The next level would be $34.
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