ONEOK, Inc. (OKE)
An energy company that purchases, transports, stores and distributes natural gas.
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Good dividend. Low P/E. With natural gases prices low this is a good time to get in, even though it's near a 52 week high.
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Oneok is one I've owned for almost 6yrs. and I continue to like what they offer for investors. As a leader in the domestic Natural Gas segment, OKE continues to see nice growth and a solid dividend (currently paying over 4.5% at this level). The real "value" here in my opinion, is in the future of servicing & transporting their product via it's extensive Mid-West pipeline system. Another harsh winter for Northern/NE regions and increased heating costs should prove profitable for this segment. Additionally, as the push towards the US's need for energy independence grows, I feel that OKE will be a strong player. I'll continue to remain on-board for the long haul with this pick and earn a cool % in the meantime...
Recs
If you are from Oklahoma, then you are referred to as an "Okie". Thus the stock symbol OKE.
This stock will probably never outperform the S&P, but they are very solid company, and they pay a very dependable dividend. Being headquartered out of Tulsa Oklahoma, they are basically the only provider of natural gas in the state of Oklahoma. More specifically, Tulsa and Oklahoma City, and reach up into Kansas, Missouri, and Arkansas.
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OKE is a local utility and natural gas company in Tulsa Ok. I predict very impressive earnings due on 4-29-09.
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Natural gas utility. Profit margins G/O/N = 7.7%/5.68%/3.72%.
Midcap that pays 6.55% dividend, with greater than 12% dividend growth over the last 3 years. Natural gas is at a low right now, so definately a good buy.
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natural gas play
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regulated industry with steady dividends and almost 50% ownership in OKS. Natural gas will be with us in one form or other for my lifetime
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dividend pick
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Undervalued, safe, dividend producing
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Solid financials, high dividend, low P/E ratio - this is a value in a down market.
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5 star stock at time of green thumb, 7.7% of all green thumbs (299 total) were made in the last 30 days. Operating cash flow is 20% of market cap... last 90 days one analyst upgrade to a strong buy. Sales growth 28% and 5.4% dividend yield based on current day close
Grog
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Increased usage of natural gas. Steady growth with population and conversion from heating oil in the NE.
Viewed as the least un-green petroleum source and could gain further growth from poss. increased use of conversion of vehicles to nat. gas.
However, with general growth and revs based on volume and fixed rates this is also a nice income stock that should be recession resistant.
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Great company, great stock. A Rock. As with my other Rocks, this is a company you can build a great portfolio with.
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stock has gone with most other energy stocks with the recent decline of oil prices. Has no significant impact on what this company is presently doing. Building two of the largest liquid natural gas piplines in the country and will be on line by the end of the year. great company with great history and future.
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Bulish on Natural Gas
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Good earnings
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Steady dividend provider with consistent increases.
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51.35% up from year low.
Going to $65 quickly.
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Grabbing on the dip. Great deal!
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Good times ahead for ONEOK, as its organic and inorganic growth strategy showed signs of paying-off. The company purchased the remaining general partner stake of Oneok Partners LP and sold its midstream natural gas assets to the partnership, thus leveraging claim on the master limited partnership’s future distributions. Further, the company has announced four new organic growth projects, which includes two new pipeline construction projects at Arbuckle and Piceance Basin and two facility expansion projects at Powder River basin and Grasslands. These projects are expected to be in service from the year 2008-2009 would help in revenues expansion.
The US natural gas consumption in the first quarter of 2007 increased 10% Y/Y on account of colder weather conditions, while the total consumption of natural gas is expected to rise by 3.4% in 2007 and by 0.9% in 2008. However, production of natural gas mostly from the onshore region of the lower-48 States grew by just 1.3% Y/Y for the first quarter of 2007. On an annual basis, production of total dry natural gas is projected to increase 0.9% in 2007 and 1.4% in 2008. The higher and continued demand of natural gas will help ONEOK to generate stable revenues streams, as US accounts for most of the inflows.
For the first quarter of 2007, ONEOK reported 18.1% Y/Y increase in net income to $152.9 million or $1.36 per diluted share, resulting from improved results from distribution, energy services and ONEOK Partners. The company has provided earnings guidance to be in the range of $2.35 to $2.75 per diluted share for 2007 and to be primarily driven by ONEOK Partners that will provides the company with a strong platform for future growth. With positive industry synergies, organic growth projects and higher expected earnings from partnership business, ONEOK represents a good investment opportunity.

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