I’m not enthusiastic about seeing my EnLink units (which have been earning a strong free cash flow) diluted into a larger company. I view the acquisition of EnLink ( ENLC ) by ONEOK (NYSE: OKE ) as net negative for EnLinkI have over 30 years of personal investing experience. My articles cover mostly small to mid sized midstream companies and larger topics like the energy transition and macro questions, like when will we hit peak shale? I consider myself a value investor and recommend companies that produce ...

A month has gone by since the last earnings report for Oneok Inc. (OKE) . Shares have added about 17.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Oneok due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. ONEOK Misses on Third-Quarter Earnings, Raises 2024 Guidance ...

November 25th ended up being a very interesting day for shareholders of midstream/pipeline giant ONEOK (NYSE: OKE ). This is because the stock dropped after, the evening before, announcing that management had agreed to acquire the rest ofCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth ...

Oneok (OKE -4.72%) has been busy over the past couple of years. The midstream giant has closed several acquisitions that significantly increased its scale, diversification, and growth profile. That wheeling and dealing has continued this month. The company recently unveiled two more deals to further enhance its scale and strengthen its financial profile. These transactions will also give it more fuel to grow its nearly 3.5%-yielding dividend.The transaction binge continuesOneok began its transformational sh ...

ONEOK, Inc. (OKE) announced that it has signed a definitive merger agreement, under which it will acquire all of the outstanding publicly held common units of EnLink Midstream (ENLC) for $4.3 billion in ONEOK common stock.This new deal was initiated after ONEOK successfully completed its acquisition of Global Infrastructure Partners' entire interest in EnLink on Oct. 15, 2024, for a total cash consideration of nearly $3.3 billion.Key Details of OKE’s Merger DealAs per the agreement, each outstanding common ...

Consideration of 0.1412 shares of ONEOK common stock for each outstanding publicly held EnLink common unitTULSA, Okla., Nov. 24, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and EnLink Midstream, LLC (NYSE: ENLC) ("EnLink") today announced that they have executed a definitive merger agreement under which ONEOK will acquire all of the outstanding publicly held common units of EnLink for $4.3 billion in ONEOK common stock.  EnLink Midstream logo Under the agreement, each outstanding common unit ...

ONEOK, Inc. (OKE) announced that it has executed a definitive agreement with DT Midstream, Inc. (DTM) . Under this agreement, ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion, subject to customary adjustments.The transaction, unanimously approved by the boards of directors of both ONEOK and DT Midstream, is expected to be closed in the fourth quarter of 2024, subject to customary closing conditions, including Hart-Scott-Rodino Act ...

North Dakota Wildfire Devastates Approximately 126,000 Acres; ONEOK Foundation Contributes to Relief for Impacted Cattle ProducersTULSA, Okla., Nov. 19, 2024 /PRNewswire/ -- The ONEOK Foundation donated $100,000 to the North Dakota Stockmen's Association (NDSA) and the North Dakota Stockmen's Foundation Out of the Ashes Wildfire Disaster Relief Program. The relief fund, established to provide vital assistance and offset losses for impacted cattle producers following the historic North Dakota wildfires, has ...

TULSA, Okla., Nov. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the BofA Securities Global Energy Conference on Nov. 13, 2024, in Houston.Members of ONEOK's management team will participate in a fireside chat session at 2:20 p.m. Eastern Time (1:20 p.m. Central Time) on Wednesday, Nov. 13.The session will be webcast live on ONEOK's website at www.oneok.com. The webcast will also be available for replay. ONEOK's latest investor materials are available at www.oneok.com.At ONEOK (NYSE: ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Although it depends on who you ask, ONEOK, Inc. ( OKE ) believes it offers "A Unique Investment Opportunity." In this case, I'm quoting page 15 of its 3Q24 investor presentation, where the companyAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in ...