Keyera forecasts growth capital investments in 2024; shares fall
12/12/2023 14:54
** Canadian pipeline operator Keyera Corp's KEY.TO shares
down ~1% at C$32.78
** Company says "2024 is expected to generate strong free
cash flow after funding current dividends and growth capital
investments of $80 million to $100 million"
** Says expects to "reach the upper end of compound annual
growth rate (CAGR) target for core profit holding Marketing
constant of 6-7% over 2022-2025 timeframe"
** Additionally, wider oil and gas market slipped on
concerns over excess supply and slowing demand growth with Brent
LCOc1 and WTI CLc1 both down ~3% O/R
** KEY shares up ~11% YTD
(Reporting by Seher Dareen in Bengaluru)
((Seher.Dareen@thomsonreuters.com;))