Pipeline OKS to be one of first beneficiaries as OPEC’s production cuts raise oil output from U.S. shales
Update January 11, 2017. Tracing this chain of cause and effect is pretty simple: OPEC cuts oil production to raise oil prices; U.S. shale producers with low costs increase drilling and output (by a forecast 250,000 barrels a day in 2017); U.S. pipeline MLPs (master...Sell Oneok Partners (OKS)
Sell Oneok Partners (OKS) Master limited partnership units of Oneok Partners (OKS) have run through my target price of $54 a share by March 2010 and just kept on going. I still like this natural gas pipeline play for its yield of 7.5% (as of November 9, 2009) so I’m...Buy ONEOK PARTNERS LP (OKS)
Investors who were worried that a bad quarter would lead ONEOK PARTNERS (OKS) to cut its dividend got reassurance in the first quarter of 2009. Adjusted earnings before interest, taxes, depreciation, and amortization fell almost 12% from the first quarter of 2008 and...
Buy Oneok Partners (OKS)
Like Enbridge Energy Partners, Oneok Partners (OKS) has been on an expansion binge. But this company’s efforts have centered on the under-served Rockies. The Overland Pass Pipeline project came online in November 2008. This year the company has added the Arbuckle...Jim’s Daily Email Alerts:
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