ORCL - ONEOK Broadens Its Horizons
2024-06-13 15:11:28 ET
Summary
- ONEOK, Inc. has strong growth and cost savings potential as the firm integrates Magellan and smaller acquisitions.
- AI factories may drive up demand for dedicated power sources, benefiting gas midstream operators like ONEOK.
- O&G recovery continues to improve as producers optimize well performance through EOR techniques, bringing more flow through ONEOK's interstate pipelines.
ONEOK, Inc. ( OKE ) has a strong runway ahead of itself as producers improve well performance paired with the firm's continued execution of bolt-on acquisitions to expand their NGL pipeline reach. In addition to this, there may be some strong tailwinds for ONEOK and other gas midstream operators in the coming years, as new AI factories may drive up demand for dedicated power sources in the coming years....
ONEOK Broadens Its Horizons