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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ENB
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.
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.
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