Stifel Financial Corp and several other financial institutions have made significant acquisitions of ONEOK, Inc. (NYSE:OKE) shares. This company completed natural gas liquids (NGL) fractionation and pipeline expansion projects, and have announced an agreement to acquire all the publicly held common units in EnLink Midstream in a tax-free deal. They have deepened their incursion into the oil pipeline business, which, along with their latest strategic acquisitions, has boosted the company's stock. Furthermore, they sold their interstate gas pipeline systems to DT Midstream for $1.2 Billion. ONEOK also announced a $4.3 Billion deal to acquire remaining EnLink stock and completed fractionator and pipeline projects to rally from a fire loss in 2022. Despite the company's aggressive expansion, it experienced a significant gap down in shares to $109.9768 on Dec 2. ONEOK's continuous collaboration with the energy sector demonstrates its commitment to innovation and drive to become a leader in the industry.
Oneok OKE News Analytics from Tue, 18 Jun 2024 07:00:00 GMT to Sat, 07 Dec 2024 11:30:51 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 2
