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
PAST TOP PICK
(A Top Pick May 27/22, Down 7%)

Trades at a decent 16x and 6.4% dividend and decent growth rate. It remains a good play on LNG.

BUY

Through its investments, has shown itself to be much more than a conventional pipeline company. Held up better than others in the space. Good things for the future. Happy to hold.

BUY

Not buying for growth clients, but more for a balanced and income-focused portfolio. All the pipelines are down, but he still expects them to raise dividends going forward.

BUY

His preference in the space, with its new KAPS program. See his Top Picks.

WEAK BUY

The dividend is safe. What makes KEY different from the pipeline stocks is that KEY carries some commodity risk; they're a little tied to the price of the commodity they transports. The PE has declined and it pays a decent dividend.

PAST TOP PICK
(A Top Pick Mar 06/23, Down 1%)

The market's precarious, so he's just looking for stocks that pay a dividend. It's a sideways chart. His stop point is a line in the sand, so if it starts to break down, he'll be out. Buy near the bottom of the channel and you'll be OK. Yield is 6.3%.

BUY

He's very positive about LNG Canada, not because gas prices will shoot to the moon, but due to gas volumes, if they ever or when they finish the Coastal Gaslink. After a decade or more, Canada is finally selling nat gas abroad. Finally. Really likes Keyera. Infrastructure in western Canada is underpriced considering opportunities in the coming years.

BUY

One of the better stocks in the energy space. Relative strength is really accelerating. Energy's a big part of the TSX, so you always want to own some. Doesn't mind adding exposure, has the defensive dividend. 

TOP PICK

Excellent long term business prospects with legacy assets.
Building pattern happening in technical analysis. 
Good for the short term with strong dividends.

BUY

Great company with excellent assets.
Key infrastructure that is very hard to replicate.
Perfect company for the long term shareholder.
Cheap share price with ~6% yield.
P/E ratio at 14.

BUY
Dividend safe, should increase. One of the better managed companies in Canada. He's long admired it. Can hold for the long term, not as expensive as it was. Attractive at these levels. Yield is 6.6%.
BUY
Raise dividend next 2-3 quarters? Big dividend already. Modelling dividend growth around 7%. Good payout ratio, reasonable balance sheet, very good value here. Don't buy just as a bet on a dividend raise. Recession-resilient, nat gas tailwinds. Despite everything, will probably see dividend growth. Competitive yield among energy infrastructure plays. Catalysts for growth.
STRONG BUY
Market's uncertain of the outlook for its pipeline. On time? On budget? Excellent asset base. Outlook for nat gas is very supportive. Boost to the balance sheet. Possible takeover target. 10.1x free cashflow yield, nice free cashflow per share growth. Likes it a lot, paid nicely to wait. You can buy today.
WEAK BUY
He likes that they deal in energy infrastructure in the west. He prefers another name in this sector, but there's nothing wrong with KEY. It has a decent chance of being acquired. There's a lot of consolidation in this space.
BUY
Sell oil stocks to buy pipelines? The good thing about midstream companies is that they're not as effected by the price of oil and gas moving up and down, so they're much volatile. He's holding KEY long-term. They process natural gas. KEY has some commodity exposure to nat gas, but not much. They pay a growing dividend. They have a major project underway, but these costs have risen with inflation. Good managers.