TSE:KEY

Keyera Corp (KEY.TO)

57.53
+0.25 (0.44%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

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

Keyera Corp (KEY-T) has garnered a mixed yet largely positive outlook from various analysts. Many experts appreciate the company's stable cash flows and growth potential, particularly in light of its recent performance and the Plains acquisition, which is seen as a strong catalyst. However, there are concerns about a government probe related to the acquisition and the company's exposure to fluctuations in oil prices, which could impact its market value. While some view Keyera as an appealing investment opportunity in the energy infrastructure sector, particularly with its dividend yield over 5%, questions about its long-term viability and competition from peers like Enbridge and Pembina have been raised. Overall, experts recognize the company's growth trajectory but urge caution given the current market landscape.

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Consensus
Positive
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Valuation
Fair Value
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Similar
ENB,ENB
BUY
(Market Call Minute) Process gas and store various products. Have pipelines, 44% payout ratio not including special distribution
BUY
Extremely well managed and should continue to deliver good results. If looking for good, solid income in pipeline and midstream gathering space, this one and Inter Pipeline (IPL.UN-T) would be his top 2 picks. 7% distribution should be safe.
PAST TOP PICK
(A Top Pick May 20/09. Up 48.87%.) Should continue to grow.
BUY ON WEAKNESS
Midstream natural gas processor. Will have to convert to a corporation but management has indicated the dividend will remain at $1.80 for the next 5 years. This will be a dividend tax credit that will be more attractive. Not a tremendous amount of upside the nice dividend.
PAST TOP PICK
(A Top Pick Nov 28/08. Up 56%.) Still a Hold.
TOP PICK
Strong management. Great track record of creating value. High quality assets and strong market position. Gathering/processing side has good exposure to sour gas where most drilling is taking place. Also into natural gas liquids infrastructure, which is starting to pay dividends. Marketing side can be a little volatile but without much downside. 7.8% yield should continue after conversion.
BUY
Possibly will be able to retain distributions after 2011.
BUY
8.3% distribution and a recent $0.22.5 special dividend. Well managed. Good growth.
TOP PICK
A bit of a defensive name. Good place to be at this critical juncture of the market. Has outstripped most other energy infrastructure companies since 2005. Distribution of about 9% with a payout ratio of less than 50%.
BUY
Recently gave guidance that they will be able to supplant and maintain current level of distributions in 2011. Strong businesses of 1) sour gas gathering and processing 2) transportation/storage and 3) energy marketing. Balance sheet is in good shape. 9.1% yield.
BUY
They clean up gas that comes out of the ground so we can go into pipelines. Not commodity price dependent. Doesn't see them doing any cuts in distributions.
BUY ON WEAKNESS
More cautious on natural gas than on oil, particularly through summer months. This company is a little protected from gas prices as they are more focused on sour gas, which is more stable. Also have an energy marketing, which had a blowout quarter although the outlook for the rest of the year is more muted. Would be a little cautious on entering right now. Pay out is quite reasonable. If you are patient, a great long term hold.
TOP PICK
Midstream handler of natural gas. It processes, stores, sells and sells associated liquids. Well managed and management owns a significant part. Conservative company with good income.
BUY
Takes natural gas as it comes out of the ground and cleans out all of the contaminants, water, etc. Also have a natural gas liquids marketing arm, which is more volatile. Very nice utility kind of situation.
BUY
Went to pipelines when things got ugly in the market. His #1 is Inter Pipeline (IPL.UN-T), #2 Pembina (PIF.UN-T), #3 Keyera (KEY.UN-T) and Altagas (ALA.UN-T). In terms of consolidation he thinks all 4 are takeover candidates by institutional holders. They have good sustainable yields.
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