Keyera Corp T.KEY

My comments on KEY ourtlook

[hawk35]

Analysts are waking up to the incredible opportunity here.  Here is a short recap of the near term opportunity ahead for us.

1. KAPS is clearly a game changer.  Pipeline will add revenue but the big money will come from increasing revenue in KEY's existing plants.  This is a big upside for KEY.

2. Pipestone explansion will increase revenues starting in Q1 or 2024.

3. Addition revenues will flow from the KFS acquisition strarting Q1 of 2023.

4. Debt ratio is already at the bottom of their target range.  Debt repayment and increasing revenues will reduce the debt ratio even further.

5. Divi increase at the end of 2023 or early 2024 (as discussed on conference call) will move the share price higher.

RBC and CIBC upside target of $42.00 is very realistic and doable in the next year. 

I hold stocks for the divident so share price movement is a secondary concern for me.  Currently I hold two stock that I'm really enthusiastic about.  KEY is now top of my list.

[JohnSP]

Excellent summary, thank you. Used to own KEY, after selling some CVE (great share price growth, still minimal dividends) I started buying KEY few days ago also primarily for dividends as retired, now at 5% of portfolio. For a bit more colour on dividend: 1) From investor Presentation Payout ratio target of 50-70% of DCF, for 2022A it's 65% (so could raise it 5/65