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Keyera, Enbridge shares reach 52-week high

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| April 30, 2013

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Keyera Corp. (TSX: T.KEY, Stock Forum) briefly hit $63.06 on Tuesday before closing at $62.93, for an increase of 2.7%.

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 Enbridge Inc. (TSX: T.ENB, Stock Forum). The stock hit a new peak of $47.93 before closing at $47.94, up 1.6%.

On April 23, the energy transportation company’s Board of Directors declared a quarterly dividend of $0.315 per common share, payable on June 1, 2013 to shareholders of record on May 15, 2013.



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