Keyera is primarily in the natural gas and natural gas liquids (NGL) business, providing such services as gathering, processing, fractionation, storage, transportation, and marketing. It does not do any exploration or production.
Income Investor
The company has set a new growth target of 7%-8% for fee-based adjusted EBITDA over the 2024 to 2027 period. Keyera also announced that the TSX has accepted its application for its first normal course issuer bid, allowing it to buy back up to 2.5% of its shares. The company did not set a target for buybacks over the next year but said it believes “that the market price of its common shares could be such that their purchase may be an attractive and appropriate use of corporate funds.” - Gordon Pape
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KEY was first recommended here on July 22, 2004