ONEOK Inc. (OKE) Rides on Fee-Based Earnings & Investments

ONEOK Inc. (OKE) continues to benefit from higher fee-based earnings and capital expenditure plans. Its expansion efforts and pipeline additions are expected to strengthen its position in the high-production region and boost its performance. The company's organic initiatives and diverse customers act as tailwinds.However, this Zacks Rank #3 (Hold) company faces risks related to the maintenance expenses of the land and strong competition in its pipeline business.TailwindsONEOK is poised to benefit from long- ...