TSE:KEY

Keyera Corp (KEY.TO)

57.53
+0.25 (0.44%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
548 watching
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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
It is a natural gas producer in Alberta which has a much improved oil and gas industry. It is attractively priced along with Pembina. If looking for a smaller company in the oil and gas field Keyera is good.
HOLD
Lacklustre performance. More likely to be acquired because it's small. If you own it, he doesn't have a problem with it. There are names he likes better. See his Top Picks.
COMMENT
Suncor vs. Keyera Very different companies. SU is huge, vertically integrated. KEY is a midstream that processes and distributes nat gas. Keyera is paid by the volume they produce, so it's a steady business. But SU relies on the price of oil, which is high now, but was low 24 months ago. SU also has refinery operations and retail, so there are revenues there too, and slightly less dependent on crude oil prices. Do you have the highs and lows of Suncor or the steadiness of Keyera?
BUY

A good income name to own. If energy prices remain this high, it will benefit all Canadian midstream operators.

WAIT
One of the better positioned mid-stream companies. Robust growth profile. Likes the business, large beat on results. He's owned it off and on, but better opportunities elsewhere. Once concern is competition from PPL-KKR joint venture.
HOLD
Instead of ENB, prefers KEY in the pipeline space. It's smaller with an easier business model.
COMMENT
Yield pretty secure at over 7%.. Has paid down debt and good re-structuring has been done during the downturn. Things have turned around in Alberta and this looks good to last. Stick with it.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Trading at 16x earnings with a 6.6% dividend. A nat gas company with good cash flow. Although debt is fairly high and growth has not been good, cash flow is stable and the company has been profitable. Don’t expect huge gains, but good for income. Unlock Premium - Try 5i Free

BUY
Owns company and has held for a long time. Believes excellent management, key infrastructure, strong balance sheet and disciplined capital spending. Dividend yield is very compelling (6.5%). Operating in key areas. Will continue to hold.
COMMENT
Well-run and the dividend should be safe, but she owns Pembina instead. She owns pipelines, not oil producers.
HOLD
Stock's taking a pause since it had a significant run from the lows in 2020. Core business is in the sweet spot. One of the better, well run companies in the space. Under-levered. Challenging environment to allocate new capital, and management is being prudent. Attractive assets. Yield is over 6%.
HOLD
It probably has limited upside at this point. It has faltered as of late. He would not add to it at this point.
BUY
Takeover candidate? Attractive assets. He can't speculate on the possibility of a takeover. If it happens, wonderful. Dividend growth is less likely. In the right space and acting quite well. Yield is 6%.
HOLD
Significant deal flow in the space. A consolidation target. Business is in good shape with strong oil and gas demand. Leans toward gas, so a good spot to be. In current environment, dividend is sustainable for a decade or more. Yield of around 6%.
BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Could see some further downside to the sector weakness. There may be a bit of a sector rotation with lower demand for oil due to a renewed spike in Covid cases. Supply is still constrained and if demand goes back up, there will be a reversal in price. A decent area to buy for the long-term. Unlock Premium - Try 5i Free

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