OKE - Ditch The Drill Buy The Pipe: Why 5%-Yielding ONEOK Is Smart Energy Play

2024-03-30 08:17:04 ET

Summary

• Whenever I look into long-term investments, I want companies with importance in major supply chains.
• ONEOK Inc., the owner of the ONEOK Magellan East Houston terminal, is an important player in the energy industry.
• ONEOK offers consistent income growth, resilient earnings, and attractive long-term returns through dividends and buybacks.

Introduction

The other day, I was looking into ICE Midland WTI futures as part of my research into Intercontinental Exchange ( ICE ), the owner of these futures and one of my favorite financial dividend growth stocks - that is not yet a part of my portfolio.

So, I thought, why not start this article with a micro lecture on this futures contract? ...

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