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Keyera Corp T.KEY

Alternate Symbol(s):  KEYUF

Keyera Corp. operates an integrated Canadian energy infrastructure business with interconnected assets and expertise in delivering energy solutions. The Company's predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales, and a condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Its segments include Gathering and Processing, Liquids Infrastructure and Marketing. Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products and separate the economic components, primarily natural gas liquids (NGLs). Liquids Infrastructure segment owns and operates a network of facilities for the gathering, processing, storage and transportation of the by-products of natural gas processing. Marketing segment is involved in the marketing of NGLs.


TSX:KEY - Post by User

Bullboard Posts
Comment by danno15058on Feb 24, 2012 11:52am
256 Views
Post# 19580092

RE: RE: RE: My guess

RE: RE: RE: My guess

Thx I3.....

 

Straight-lining on the charts, I can see supports at 42 and 40, and resistance at 44. Which is why I was asking about the 43 mark.

 

As for near term fundamentals to buy.....that's a tougher one, as I look at KEY relative to other names in the space. The reason the SP took a hit recently will continue for awhile yet (marketing/propane) partially offset by higher throughput from NGL's. Further SP weakness is quite possible.

 

If I was underweight utes, I'd take an initial nibble here. That not being the case, I am still waiting. TDW has a $42 target price, I'll wait and see if we get close to that. But I have better near term growth prospects in other pipes for now, and better yields too. Barring any nasty surprises of course.

Bullboard Posts