ONEOK Delivers Record Results, Primed For Rebound (Rating Upgrade)

Core Insights - ONEOK, Inc. (OKE) has experienced a total "non" return loss of 15.33% for shareholders, while the S&P 500 has performed better [1] Group 1: Company Analysis - The focus is on undervalued and disliked companies with strong fundamentals and good cash flows, particularly in the Oil & Gas sector [1] - Energy Transfer is highlighted as a company that was previously overlooked but now shows potential for long-term value [1] Group 2: Investment Strategy - The investment approach emphasizes long-term value investing, while also considering deal arbitrage opportunities [1] - There is a preference for businesses that are easily understandable, avoiding high-tech and certain consumer goods sectors [1]