Group 1 - The article promotes a premium service called "Value in Corporate Events" that focuses on major earnings events, M&A, IPOs, and other significant corporate events with actionable investment ideas [1] - The service aims to provide members with opportunities to capitalize on various corporate events, covering 10 major events a month to identify the best investment opportunities [1] Group 2 - The article includes a disclosure stating that the author has no stock or derivative positions in any mentioned companies and does not plan to initiate any positions within the next 72 hours [2] - It emphasizes that past performance is not indicative of future results and that no specific investment recommendations are provided [2]

Core Insights - ONEOK, Inc. announced the acquisition of the remaining 49.9% interest in Delaware G&P LLC for $940 million, consisting of $530 million in cash and $410 million in common stock [1][11] - The Delaware Basin joint venture has a processing capacity of over 700 million cubic feet per day and is located in West Texas and New Mexico [2][11] - Following the acquisition, ONEOK will become the sole owner of the Delaware Basin JV by May 28, 2025 [2][11] Company Expansion and Strategy - ONEOK is actively expanding its operations through strategic acquisitions, which enhance geographic diversification, infrastructure integration, and fee-based earnings [3][11] - Recent acquisitions include Magellan Midstream Partners, Easton Energy's NGL pipelines, Medallion Midstream, and EnLink Midstream, which collectively strengthen ONEOK's position in the oil and natural gas pipeline sector [4][5][11] - These acquisitions are expected to generate significant cost savings and synergies, thereby improving profitability [6] Industry Context - Other companies in the oil and gas sector, such as Energy Transfer and TotalEnergies, are also pursuing growth through mergers and acquisitions, indicating a trend in the industry [7][9] - Energy Transfer's acquisition of WTG Midstream Holdings LLC expanded its gas gathering pipeline network by 6,000 miles [8] - Devon Energy's acquisition of Grayson Mill Energy significantly increased its net acre position and production volume in the Williston Basin [12] Stock Performance - ONEOK's stock has experienced a decline of 9.4% over the past three months, compared to a 5.7% decline in the industry [14]

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!When Caleres, Inc. ( NYSE: CAL ) announced its intention to acquire Stuart Weitzman in February, I was both surprised and interested to learn more about this deal.As the leader of the investing gr ...

Core Insights - The article promotes a premium service called "Value in Corporate Events" that focuses on major corporate events such as earnings reports, mergers and acquisitions (M&A), and initial public offerings (IPOs) [1] Group 1 - The service aims to provide actionable investment ideas and opportunities for its members [1] - It covers approximately 10 major events each month, targeting the identification of the best investment opportunities [1] - The service is designed to assist members in capitalizing on significant corporate events and changes in capital allocation [1]