Core Insights - The article emphasizes the importance of quality research in the oil and gas industry for investors seeking reliable income sources [2][3] - It highlights the risk of chasing yield without proper analysis, which can lead to poor investment decisions [2] Group 1: Research and Analysis - Deep dive analysis is fundamental to the platform, covering a wide range of companies from pipelines to renewables to producers [3] - The platform provides actionable research aimed at helping investors outperform benchmarks, with the EIA portfolio achieving this in six out of the past seven years [3] Group 2: Investment Opportunities - The article suggests that while commodity prices and shareholder dividends are rising, investors must be cautious to avoid investing in the wrong firms [2] - A free trial is offered to potential investors, allowing them to access quality research without obligation [3]

Core Viewpoint - ONEOK (OKE) has experienced a significant decline of 28% over the past year, including dividends, with its stock price nearly halved since its peak in November 2024 [1] Group 1: Stock Performance - The three-year performance of ONEOK is characterized by substantial underperformance compared to market expectations [1] Group 2: Investment Strategy - The analysis emphasizes a fundamental approach to investment, focusing on individual issues and asset classes that are currently out of favor, presenting a favorable risk/reward trade-off [1]

Core Viewpoint - OneOK (OKE) has experienced a significant decline in stock price, dropping 28% over the year, with the price nearly halved since its peak in November 2024 [1] Group 1: Stock Performance - The stock has shown a poor performance over a three-year period, indicating a substantial underperformance compared to expectations [1] Group 2: Investor Profile - The analysis is conducted by an individual investor with over 20 years of investment experience, focusing on fundamental analysis and identifying undervalued assets [1]

Group 1 - The energy sector presents opportunities for bargain hunting, particularly in exploration and production companies, which offer higher upside potential but come with increased risk [2] - The focus is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] - The investment group iREIT®+HOYA Capital targets high-yield, dividend growth investment ideas, aiming for dividend yields up to 10% across various asset classes [2] Group 2 - The investment research covers a range of financial instruments including REITs, ETFs, closed-end funds, preferreds, and dividend champions [2] - The service is designed to help investors achieve dependable monthly income and portfolio diversification [1][2]

Group 1 - The energy sector presents opportunities for bargain hunting, particularly in exploration and production companies, which offer higher upside potential but come with increased risk [2] - The focus is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] - The investment group iREIT®+HOYA Capital targets high-yield, dividend growth investment ideas, aiming for dividend yields up to 10% across various asset classes [2] Group 2 - The investment research covers REITs, ETFs, closed-end funds, preferred stocks, and dividend champions, catering to conservative income investors [2] - The service emphasizes dependable monthly income and portfolio diversification as key benefits for investors [2]

Summary of the Conference Call on North American Midstream & Renewable Energy Infrastructure Industry Overview - The report focuses on the North American midstream sector, particularly how crude oil prices, specifically WTI (West Texas Intermediate), influence midstream stocks performance [1][2]. Key Insights - A quantitative analysis was conducted to understand the historical relationship between WTI prices and individual midstream stocks, aiming to prepare investors for potential near-term oil price declines [9][10]. - The report indicates that midstream stocks exhibit negative convexity to oil prices, meaning they tend to decline more sharply when WTI prices fall than they rise when prices increase [10]. - Current market conditions show that WTI has decreased by 24% since its recent peak in January 2025, which is in the $60 price band, a scenario that correlates with higher risks for midstream stocks [10]. Investment Recommendations - The report suggests a cautious approach, recommending to consider long positions in specific midstream stocks such as TRGP (Overweight), OKE (Overweight), WBI (Equal-weight), and PAA (Equal-weight) if WTI falls below $55 per barrel [10][12][15]. - The valuation of these stocks appears inexpensive, but a more aggressive capital allocation is advised only if WTI drops to the $50-$55 range [12][15]. Market Dynamics - The report highlights that the potential for a global oil market oversupply could lead to further downside risks for oil-levered midstream equities [12]. - Despite the current lag in performance of oil-levered midstream equities during recent down days for crude oil, the long-term contracted nature of most midstream companies provides cash flow resiliency and limits funding risks [12]. Correlation Analysis - The report includes various exhibits showing the correlation between WTI prices and midstream companies over the years, indicating that correlations tend to be higher during periods of significant price movements [16][17]. - Historical data from 2014 to 2025 shows varying degrees of correlation between WTI and midstream stocks, with a notable increase in correlation during downturns [17]. Conclusion - The North American midstream sector is currently viewed as attractive, but investors are advised to remain patient and strategic in their approach, particularly in light of potential oil price corrections and the associated risks for midstream equities [8][12].

Group 1 - ONEOK has attracted investor interest due to stable oil prices and increasing U.S. natural gas demand, alongside a strengthened balance sheet and expanded pipeline and processing footprint [2] - The stock is currently trading nearly 40% lower than its one-year peak and has a price-to-sales ratio below the average of the past three years, indicating potential as a value investment [3] - ONEOK provides natural gas gathering, processing, storage, and transportation services across the U.S., in addition to owning a parking garage and leasing office space in Tulsa, Oklahoma [4] Group 2 - ONEOK has demonstrated reasonable revenue growth of 58.4% over the last twelve months and an average of 16.4% over the past three years, with a strong average operating margin of approximately 21.2% [8] - The stock is trading at a modest price-to-earnings (PE) multiple of 12.5, despite its positive fundamentals [8] - Historical data shows average forward returns of 12.7% for six months and 25.8% for twelve months, with a win rate exceeding 70% for both timeframes [9]

Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2] - It emphasizes the importance of conducting individual research before making investment decisions [2]

Group 1 - The company has released its latest top investment picks for November 2025, emphasizing the timing for potential investors [1] - The company invests significant resources, approximately $100,000 annually, into researching profitable investment opportunities [1] - The approach has garnered around 200 five-star reviews from satisfied members, indicating positive reception and effectiveness [2] Group 2 - The company encourages potential investors to join now to maximize their returns and access high-yield strategies [2]

Group 1 - The company has released its latest top investment picks for November 2025, emphasizing the timing for potential investors [1] - The company invests significant resources, approximately $100,000 annually, into researching profitable investment opportunities [1] - The approach has garnered around 200 five-star reviews from satisfied members, indicating positive reception and effectiveness [2] Group 2 - The company encourages potential investors to join now to maximize their returns and access high-yield strategies at a lower cost [1][2]