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Investment Q&A

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Q: I am thinking about taking a full position in either Altagas or Keyera. Could you please provide your thoughts on both companies.

Thanks

David

Asked by david on January 08, 2024

5i Research Answer:

ALA is $8.3B market cap, 4.2% dividend, P/E 14.6X. It has cut its dividend in the past. Debt is about 14X cash flow. KEY is $7.2B, 6.3%, P/E 14.9X, debt 5X cash flow. ALA is expected to show higher earnings growth this year. ALA has outperformed recently. We would expect both stocks to do better as interest rates fall. We would lean towards KEY here, for its higher yield and better balance sheet overall.

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