ONEOK Inc has acquired full ownership of the
Delaware Basin JV, making strategic moves that have caught the attention of several major shareholders. Wealth and asset management firms - including
Segment Wealth Management LLC,
Inscription Capital LLC, and
Columbus Macro LLC, alongside others, have significantly increased their stake in ONEOK. Even amidst market dips, ONEOK's position remains strong with affirmative financial guidance for the year 2025.
EnLink's unitholders approved the acquisition of the remaining public units by ONEOK, indicating a positive trend towards complete control over significant operations.
Jim Cramer has also backed this momentum, urging continuous buying due to ONEOK's efficient operations. The brand's closing of Medallion Midstream Acquisition and completion of NGL fractionation and pipeline expansion projects further validates this. The company is slated for releasing their Q1 earnings, with their steady annual dividend firmly supported by a 60,000-Mile pipeline network. Analysts are eager to decipher key metrics for the Q1 and Q4 outlook, with ONEOK's potential growth and market position set for further expansion.
Oneok OKE News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Fri, 20 Jun 2025 11:57:51 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
