Keyera Corp (KEY.TO)

Last quarter, infrastructure continues to see really good growth. Another really big beat. Beneficiary of LNG ramping up in Canada and getting offshore. At 2x EBIT:EBITDA, very low leverage compared to peers. 

Very low payout ratio of 48% (like a bank). Volume growth driving better returns on existing assets. Nice potential for new projects, which is an embedded catalyst. Trades at 14.5x for 27% growth. Very good value on PEG. Yield is 4.61%.

LNG projects are growing and it will be one of the companies that benefits from the increased volume of natural gas. It made a big acquisition and has stable cash flow as a mid-stream company. Has a great future with another decade of growth.

Last quarter was a nice beat. Asset sales. Sizeable projects seem to be making progress. Low leverage, low payout ratio with nice dividend, lots of volume growth on existing assets. Lots of upside from new project announcements. 

Natural gas plus getting it offshore are real tailwinds for Canada. Trading ~16.3x 2027, not cheap, but ~13% growth. Fair value once you tack on the dividend. Play defense with the nice dividend plus good capital appreciation over the next year or two. Yield is 4.91%.

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.

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.

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.

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. 

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.

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. 

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.

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

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. 

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

Interest-sensitive pipelines have all had a rough time. He owns ENB.

These companies have great assets that aren't going away. CEOs of these companies feel it's difficult to do business in Canada. ENB, for example, is dedicating all its capital to the US. That's going to be the strategy if these companies want to grow. 

Good time to buy. Though rates aren't going down as quickly as people think, they're not going up from here. That's the value proposition. Over the next 6-9 months or so, rates will come down at the short end and the yield curve will look differently. These companies will benefit from that.

Trades at only 15x, pays a 6.1% dividend and boasts a strong balance sheet. Expects them to continue to raise that dividend after 10 years.