Latest news with #KeyeraCorp
Yahoo
4 days ago
- Business
- Yahoo
Plains All American Sells Canadian NGL Business to Keyera for $3.77B
Plains All American Pipeline (NASDAQ:PAA) is one of the best low priced energy stocks to buy now. On June 18, Keyera Corp. announced that it entered into a definitive agreement to acquire substantially all of Plains All American Pipeline and Plains GP Holdings' Canadian natural gas liquids/NGL business, along with select US assets. The total cash consideration for this acquisition is ~$3.77 billion. The acquisition expands Keyera's presence in the NGL market by creating a fully connected NGL corridor stretching from Western to Eastern Canada, placing all these assets under Canadian ownership. Aerial view of a pipeline transporting crude oil over a desert landscape. The combined platform will provide access to high-demand markets via liquefied petroleum gas export facilities on the West Coast, while connecting to major consumption centers in Eastern Canada and the US. Plains All American Pipeline (NASDAQ:PAA) engages in the pipeline transportation, terminaling, storage, and gathering of crude oil & natural gas liquids/NGL in the US and Canada. While we acknowledge the potential of PAA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
Plains All American Sale Boosts Dividend Appeal With Upgraded Price Targets
Plains All American Pipeline, L.P. (NASDAQ:PAA) is one of the . The company saw its price target raised after the announcement to sell its Canadian NGL business. Aerial view of a pipeline transporting crude oil over a desert landscape. Headquartered in Texas, Plains All American Pipeline, L.P. (NASDAQ:PAA) is a master limited partnership specializing in midstream energy infrastructure. The company owns approximately 18,300 miles of crude oil and NGL pipelines, along with extensive storage and gathering assets across the U.S. and Canada. Founded in 1981, the company currently handles close to 8 million barrels daily through its operations. On June 17, 2025, Plains All American Pipeline, L.P. (NASDAQ:PAA) announced entering into an agreement with Keyera Corp to sell its Canadian NGL business. The transaction, approximately valued at C$5.15 billion, is expected to close in Q1 2026. Through the sale, the company intends to focus on its crude oil operations in North America and optimize its financial flexibility. Following the sales, multiple analysts have increased their price target on the stock. Mizuho raised it from $20 to $22 on June 18, 2025, while keeping the Outperform rating. J.P. Morgan reflected the sentiment and raised the price target from $19 to $20 while keeping a Neutral rating. With a 1-year upside potential of 13.64% and a dividend yield of 8.30%, Plains All American Pipeline, L.P. (NASDAQ:PAA) potentially attracts investors seeking a stable income and growth in investment. While we acknowledge the potential of PAA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Dividend Bargains Trading Below Insiders' Prices Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
24-06-2025
- Business
- Business Insider
CIBC Keeps Their Buy Rating on Keyera Corp. (KEY)
In a report released today, Robert Catellier from CIBC maintained a Buy rating on Keyera Corp. (KEY – Research Report), with a price target of C$56.00. The company's shares closed today at C$44.04. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Catellier covers the Energy sector, focusing on stocks such as Keyera Corp., Tidewater Midstream and Infrastructure, and TC Energy. According to TipRanks, Catellier has an average return of 8.9% and a 66.10% success rate on recommended stocks. In addition to CIBC, Keyera Corp. also received a Buy from Raymond James's Michael Barth, CFA in a report issued today. However, on June 20, National Bank maintained a Hold rating on Keyera Corp. (TSX: KEY). KEY market cap is currently C$10.14B and has a P/E ratio of 18.58.
Business Insider
24-06-2025
- Business
- Business Insider
ATB Capital Markets Keeps Their Hold Rating on Keyera Corp. (KEY)
ATB Capital Markets analyst maintained a Hold rating on Keyera Corp. (KEY – Research Report) today and set a price target of C$48.00. The company's shares closed today at C$44.04. Confident Investing Starts Here: In addition to ATB Capital Markets, Keyera Corp. also received a Hold from National Bank's Patrick Kenny in a report issued on June 20. However, today, CIBC maintained a Buy rating on Keyera Corp. (TSX: KEY). Based on Keyera Corp.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.94 billion and a net profit of C$88.91 million. In comparison, last year the company earned a revenue of C$2.21 billion and had a net profit of C$49.19 million
Globe and Mail
20-06-2025
- Business
- Globe and Mail
Keyera Announces Closing of $2.07 Billion Bought-Deal Offering of Subscription Receipts
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, June 20, 2025 /CNW/ - Keyera Corp ("Keyera" or the "Company") (TSX: KEY) today announced that it has completed its previously announced offering (the "Offering") of subscription receipts ("Subscription Receipts"). Pursuant to the Offering, the Company issued 52,874,700 Subscription Receipts, including 6,896,700 Subscription Receipts issued pursuant to the exercise in full by the underwriters of their over-allotment option. The Subscription Receipts were issued at a price of $39.15 per Subscription Receipt, for total gross proceeds of approximately $2.07 billion.
