ONEOK Stock: Deleveraging, Declining CapEx, And A Clear Path To Rerating (NYSE:OKE)

Group 1 - The article recommends a Buy for ONEOK (OKE) due to depressed valuations and a clear path to deleveraging and reduced capital intensity [1] - It highlights that patient investors may benefit as risk perception normalizes [1] Group 2 - The author has over 20 years of experience in quantitative research, financial modeling, and risk management, focusing on equity valuation and market trends [1] - The research approach combines rigorous risk management with a long-term perspective on value creation, emphasizing macroeconomic trends and corporate earnings [1]