
TSE:KEY
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.
He likes it--slower growth, higher yield, something to hold onto for the long term. Its valuation is lower than its peers. Its debt is lower than ENB-T's. The dividend pays over 6%. Not flashy and it's boring, but you want something safe like this. Oil itself swings to extremes though millennials and ESG will stay away from energy long-term.
ENB vs. Keyera for dividend safety They pay the same yield. FMV of Keyera is 14% higher and Enbridge is 13.4% than current stock prices. Keyera has resistance at $36 (sell at this point). The big difference is, the balance sheet of Enbridge is slipping away, while Keyera's is rising, so he mildly prefers Keyera. Both have limited upside.