TSE:KEY

Keyera Corp (KEY.TO)

58.26
-0.09 (0.15%)
as of Jun 26, 2026, 1:53:29 pm Market Open.
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Investor Insights
star iconJun 26, 2026, 12:00 am

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

Keyera Corp (KEY-T) has garnered a mixed yet generally positive outlook from various experts. Many commend the recent Plains acquisition, emphasizing its potential to drive growth through 2030 and enhance cash flows, positioning Keyera favorably in the energy infrastructure sector. The company is viewed as a strong player in the midstream natural gas market, with stable cash flows and a decent dividend yield. However, concerns linger regarding the ongoing probe into its proposed acquisition and its exposure to oil price fluctuations. Experts highlight the firm's growth potential, particularly with LNG projects ramping up in Canada, suggesting a bright future bolstered by stable management and solid acquisition strategies.

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Consensus
Positive
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Valuation
Fair Value
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ENB,ENB
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.)
BUY
A midstream facilities company. They take gas and run it through a chilling unit, which gives them butane/propane condensate, which they can sell for more than the gas is worth. Very profitable.
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