TSE:KEY

Keyera Corp (KEY.TO)

58.45
+0.10 (0.17%)
as of Jun 26, 2026, 5:23:18 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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Similar
ENB,ENB
WEAK BUY
If you find the commodity price going up then investors feel the pipeline is worth more. He prefers IPL-T because they are building that plant and will diversify their assets. It may hurt until a little further down the road. They are both setting up well because the energy sector is positive from February going into April. (Analysts’ price target is $38.00)
BUY
Has owned it since 2001. Keyera disappointed the market last year, when it said it would have to spend significant maintenance capital. Short-term thinking put pressure on the stock. Terrific buying opportunity. Not the greatest company, not his number one pick, but for income seekers, it or Pembina deserves a place in your portfolio.
PAST TOP PICK
(A Top Pick May 31/18, Down 23%) He put limits on, and it broke through. If you're going to buy, wait until around $27.70.
DON'T BUY
TRP-T vs. KEY-T. One of the most important data points is beta. He would choose TRP, because it's less correlated to the market. Has more protection on downside risk. Plus, it has higher overall performance. A couple of weeks ago, it was bottoming and relative strength was holding in really well.
COMMENT
KEY vs. FTS He owns Fortis only, though likes Keyera. KEY is more exposed to the midstream oil/gas side while FTS is exposed to power generation and so will be more stable over time. KEY had to recently do an equity issue because they had too much debt.
PARTIAL BUY
Oil prices have come down quite a bit and as it recovers it helps everything in the space. KEY-T has held up well with dropping oil prices. This is one of the few names he likes in the space and could take a half position.
BUY ON WEAKNESS
The mid streams are one of the areas he is following and one area you have been able to make money on. They have been down because they missed estimates last quarter. Their tax rate was a little higher than expected. They said they may have to raise equity and the market did not like that. It is one of the higher quality mid-stream companies. It is a buying opportunity. (Analysts’ price target is $40.00)
STRONG BUY
He most recently added it. He likes energy infrastructure. They have some good assets. The stock got beaten up because of temporary factors. The dividend is perfectly safe.
HOLD
He owns it and believes the market over-punished it for the recent missed earnings. He still likes it and is closing to adding more to their position. Yield 6%. (Analysts’ price target is $39.67)
BUY
They clean impurities from natural gas so you can burn that gas in your home. It's an essential service they perform. Investors are concerned about rising rates, so stocks like this which are bought for their yield, will get hit. But this is a core holding for any income investor.
HOLD
This is an energy infrastructure company, natural gas processing, and storage with operations in both Canada and the US. They are doing some new projects. A very well managed company. He likes the company with their growth prospects going forward. He would continue to hold it.
HOLD
They support the infrastucture of western oil/gas companies. But because of low oil prices, the oil/gas companies are selling their assets to companies like Keyera. As smaller oil/gas companies go bankrupt, KEY won't get paid. Pays a solid 6.1% dividend. A solid hold.
DON'T BUY
Likes this space, because of its exposure to interest-sensitive stocks, though the group has lagged a bit. She prefers others in this space because of better cash flow growth, project backlog and dividend growth, like Pembina.
PARTIAL BUY
He owns nothing in this sector, because international money isn't flowing into this sector. They are strategically placed. Look at this if you are long-term only. KEY isn't a bad choice.
PAST TOP PICK
(A Top Pick Apr 18/18, Down 4%) It is a mid-stream producer. This is a dividend play and you want to hold it for that. Hold on to it for a while with a $31.50 reduce or sell trigger.
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