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Keyera, AltaGas shares reach 52-week high

Stockhouse Editorial
0 Comments| April 26, 2013

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Keyera Corp. (TSX: T.KEY, Stock Forum) briefly hit $61.09 on Monday before closing at $61.03, for an increase of 1.2%.

On April 10, the natural gas midstream businesses operator and Plains Midstream Canada ULC, a wholly owned subsidiary of Plains All American Pipeline, L.P. (NYSE: PAA, Stock Forum), said they had entered into an arrangement to solicit interest in the construction of a jointly-owned liquids pipeline system in northwest Alberta.

The proposed pipeline system, to be called the Western Reach Pipeline System, is anticipated to run from the Gordondale area of northwestern Alberta to Alberta's natural gas liquids energy hub in Fort Saskatchewan.

The second company to make the 52-week high list was AltaGas Ltd. (TSX: T.ALA, Stock Forum). The stock hit a new peak of $37.31 before closing at $37.10, up 0.3%.

Today the diversified energy company announced the final director election results from its 2013 annual and special meeting of shareholders. All nominees recommended by management for election were elected for a term ending at the next annual meeting.



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