Topic: How To Invest

Pat: What is your current advice on midstream natural gas company Keyera Corp.?

Article Excerpt

Keyera Corp. $57.05, symbol KEY on Toronto (Shares outstanding: 78.5 million; Market cap: $4.5 billion; www.keyera.com), provides a number of services to the natural gas industry, including gathering, processing, storage and transportation. The company reported cash flow of $1.01 a share in the three months ended June 30, 2013, up 29.5% from $0.78 a share a year earlier. Keyera raised its monthly dividend by 11.1%, to $0.20 a share from $0.18, beginning with the September 2013 payment. The stock now yields 4.2%. The company has a number of growth projects underway. The most recent is a joint agreement with Kinder Morgan Energy Partners L.P. to build a new rail-loading terminal for crude oil in Edmonton. The facility, which will be called the Alberta Crude Terminal, will be able to load crude oil from Kinder Morgan’s Edmonton Terminal onto trains for delivery to North American refineries. The facility will be able to transfer about 40,000 barrels of crude a day into tank cars. It…