TSE:KEY

Keyera Corp (KEY.TO)

57.20
-1.19 (2.04%)
as of Aug 5, 2026, 8:00:01 pm Market Open.
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Keyera Corp (KEY-T) has received mixed reviews from experts, highlighting various strengths and concerns. Many analysts praise the company's positioning within the energy infrastructure space, particularly emphasizing its growth potential from the Plains acquisition and increasing demand for LNG and condensate in Western Canada, resulting in an Earning Per Share (EPS) growth of 23% and dividend growth of 4%. Despite these positive aspects, some experts express caution regarding its valuation, citing an 18.3x price-to-earnings ratio for 2028 as relatively expensive when compared to peers. Concerns also arise from the dependency on commodity prices and the risks associated with execution and ongoing capital expenditures. Notably, the stock is viewed favorably for its stable cash flows, but skepticism remains regarding the marketing segment, which is subject to volatility.

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Consensus
Positive
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Valuation
Overvalued
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ENB
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.
TOP PICK
Won't be affected too much by the price of oil/gas as they are more of a processor/distributor. Even after conversion, he feels they will be able to pay distributions. Yields about 11%. (Bail out at $15.)
HOLD
Fantastic business. Doesn’t know what kind of hit they will take in a conversion. Enamored with the cash flow model. No intention of selling / is going to wait it out for the conversion. When it converts it will have a strong dividend and is the kind of stock he would want to own.
BUY
(Market Call Minute.) Great midstream player. Very good in the energy restructure business.
PAST TOP PICK
(A Top Pick July 3/07. Up to 17%.) Sees a step change in natural gas development west of 5. Going to deep wells and horizontal legs. The multi-fracturing development is bringing out gas that was previously not producible that will go through their facilities.
TOP PICK
In the mid stream of the natural gas. They take natural gas from the fields and change the sour gas to usable gas. Not exposed to the natural gas price directly.
BUY
(Market Call Minute.) Great business and great exposure to a number of high-growth areas.
BUY
Pipeline and energy infrastructure company. Earnings last week were terrific. A year ago, their earnings were $.36 and Q3 this year was $.55.
TOP PICK
Run gas plants that process sour gas; take natural gas liquids off, etc. Very stable and growing cash flow. Expected to be a potential takeout candidate.
BUY
And infrastructure play. They own pipelines, storage facilities. The backbone for the oil/gas sector. Have long life assets so don't have to put a lot of cash into them. Slow growth business. A good hold.
HOLD
Natural gas processor. This one is on his radar screen. 7.8% yield.
TOP PICK
Natural gas gathering & processing facility. Great management team. High-quality assets. Focused primarily on sour gas, which is a little more specialized and stable. A lot of organic growth opportunities. Good entry point.
BUY
The pipeline trusts is a sector with tremendous value. Offer better value than the pipeline companies. He owns Keyera (KEY.UN-T), Inter-Pipeline (IPL.UN-T), Fort Chicago (FCE.UN-T) and Pembina (PIF.UN-T). Distributions have held and the yields are up. Feels they will be taken out.
HOLD
Have a lot of gas storage. Exposed to the frac spread that hasn't been working in its favour lately. (Difference between oil/natural gas prices.)
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