Core Viewpoint - ONEOK Inc. is currently viewed as one of the best cheap stocks to buy, despite recent target price adjustments by several firms due to soft macroeconomic fundamentals and oil price concerns [1][2]. Target Price Adjustments - Jeremy Tonet at JPMorgan reduced the target price for ONEOK from $87 to $84 and downgraded the rating to "Neutral" from "Overweight" [1]. - Robert Kad of Morgan Stanley lowered the target price from $107 to $104 while maintaining an "Overweight" rating [1]. - UBS also cut its target price from $114 to $103 but kept a "Buy" rating [1]. Dividend Announcement - ONEOK announced a quarterly dividend increase of approximately 4%, raising it from $1.03 to $1.07 per share, resulting in an annual dividend of $4.28 per share and a dividend yield of 4.81% [2]. Analyst Ratings - Despite the target price cuts, analysts remain generally favorable towards ONEOK, with 14 out of 24 analysts (approximately 58%) giving a "Buy" rating and 10 (around 42%) a "Hold" rating [2]. - The median target price is set at $83, with a high estimate of $108, indicating an upside potential of 4.81% (41.14% if considering the highest estimate) [2]. Company Overview - ONEOK Inc. is a natural gas company based in Tulsa, Oklahoma, involved in gathering, processing, transporting, and storing natural gas across several states including North Dakota, Montana, Wyoming, Kansas, Oklahoma, Texas, and New Mexico [2].

Core Viewpoint - Equinor and Eneco have signed a five-year contract for natural gas supply to the Netherlands, starting from February 1, with an annual volume of up to 500 million cubic meters, emphasizing sustainability and lower greenhouse gas emissions [1][2][3]. Group 1: Contract Details - The agreement allows for the supply of natural gas produced from the Norwegian Continental Shelf, which is noted for its lower greenhouse gas footprint compared to other European sources [1]. - Eneco will receive sustainability guarantees through a platform operated by Attributes SAS, leading to a reported decrease in carbon dioxide emissions by over 10% [2]. Group 2: Company Statements - Equinor's senior vice-president highlighted the significance of the agreement with Eneco, a major energy provider focused on sustainability, marking it as a step towards energy security and sustainability [3]. - Eneco's CEO expressed satisfaction with the deal, aligning it with their One Planet goal of climate neutrality, while acknowledging the necessity of natural gas in the energy mix for the foreseeable future [4]. Group 3: Operational Context - Eneco operates from Rotterdam, providing electricity, natural gas, and heat across the Netherlands, Belgium, Germany, and the UK, serving over two million households and businesses [4]. - In December 2025, Equinor and its partners identified oil, condensate, and gas at the Tyrihans Øst prospect, located approximately 250 km southwest of Brønnøysund in the Norwegian Sea [5].

Core Viewpoint - Kevin Warsh's potential appointment as the next chair of the Federal Reserve may positively impact the stock market in the near term due to his belief in AI as a deflationary force, which could lead to lower interest rates and higher stock trading multiples [1][2]. Stock Analysis ONEOK Inc. (NYSE:OKE) - ONEOK has a forward P/E ratio of 13.23x and an upside of 4.81%, with 42 hedge fund holders [8][13]. - Recent target price adjustments include a downgrade by JPMorgan to $84 from $87, while Morgan Stanley lowered its target to $104 from $107, and UBS cut its target to $103 from $114 [9]. - Despite these adjustments, 14 out of 24 analysts (~58%) maintain a "Buy" rating, with a median target price of $83, indicating a potential upside of 4.81% [11]. American Airlines Group Inc. (NASDAQ:AAL) - American Airlines has a forward P/E of 6.66x and an upside of 27.30%, with 43 hedge fund holders [13][17]. - The company reported record Q4-2025 revenue of $14 billion and full-year revenue of $54.6 billion, despite a $325 million impact from a government shutdown [14]. - Management projects a revenue growth of 7-10% in Q1 2026, with expected EPS of ~$1.70 to $2.70 per share, significantly higher than 2025 results [15]. - Analysts show a favorable outlook, with 15 out of 28 (~54%) having a "Buy" rating and a median target price of $17.32, suggesting a potential upside of 27.30% [17].

Core Viewpoint - Cheniere Energy has applied to construct a new LNG plant with a capacity of 24 million metric tonnes per annum at its Corpus Christi site in Texas [1] Company Summary - Cheniere Energy is recognized as the largest liquefied natural gas exporter in the United States [1] - The proposed LNG plant will significantly enhance Cheniere's production capabilities and contribute to the growing demand for LNG [1]

Group 1 - Taiwan plans to increase imports of U.S. LNG to account for 30%-33% of its gas supply, up from about 10% [1] - The Economy Minister of Taiwan stated that the country will reduce imports from other suppliers as it increases purchases from the U.S. [2] - Taiwan's CPC Corporation signed a letter of intent last year to invest in the Alaska LNG export project, which is supported by the U.S. government [3] Group 2 - The Alaska LNG project is advancing, with Phase One involving a 739-mile pipeline expected to be mechanically completed by 2028 and first gas delivery in 2029 [4] - A recent trade and investment deal between Taiwan and the U.S. includes reduced tariffs on Taiwanese products and exemptions for certain industries [5] - Taiwan will provide credit guarantees of at least $250 billion to support investment in the semiconductor supply chain in the U.S. [6]

Financial Data and Key Metrics Changes - For Q1 2026, total reportable segments EBIT was $441 million, a 5% increase from the prior year, driven by strong performance in natural gas businesses and effective margin management in LPG operations [4][10] - Adjusted diluted EPS for the quarter was $1.26, down from $1.37 in the prior year, reflecting the absence of investment tax credits, higher interest expenses, and lost earnings from divestitures [10] - Available liquidity at the end of the quarter was $1.6 billion, an increase of $100 million over the prior year [14] Business Line Data and Key Metrics Changes - Utilities segment delivered EBIT of $157 million, up $16 million year-over-year, supported by colder weather and increased core market volumes [11] - Midstream and Marketing reported EBIT of $88 million, down from $95 million in the prior year, impacted by pipeline rate increases [12] - UGI International reported EBIT of $124 million, an increase of $14 million, due to operating efficiencies despite lower retail LPG volumes from divestitures [12][13] - AmeriGas reported EBIT of $72 million, down $2 million, with total retail LPG volume up due to colder weather in the east [13] Market Data and Key Metrics Changes - The gas utility service territories experienced temperatures approximately 21% colder than the prior year, driving a 16% increase in core market volumes [11] - Retail LPG volumes were lower due to reduced crop drying campaigns and divestitures, but total margin increased due to effective margin management [13] Company Strategy and Development Direction - The company is focused on operational excellence, safety, and cultural transformation to unlock intrinsic value [4] - Capital discipline is emphasized, with LPG portfolio optimization nearly complete and natural gas infrastructure positioned to capture growing demand [5] - A new Chief Strategic Officer role has been created to focus on medium to long-term growth opportunities and sustainability [34][36] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand during extreme winter weather, with efforts to redeploy resources to meet customer needs [20][21] - The company is committed to maintaining affordability for customers while investing in infrastructure and safety [25][26] - Discussions are ongoing regarding increasing natural gas demand in Pennsylvania, with hopes to announce developments during the fiscal year [27][28] Other Important Information - Moody's upgraded AmeriGas's outlook to positive, reflecting operational and financial improvements [6][15] - The company plans to contribute $3 million to the UGI Utilities Operation Share Energy Fund to assist low and moderate-income customers [8] Q&A Session Summary Question: How has AmeriGas performed through extreme winter weather? - Management indicated improved performance metrics, with record safety and customer satisfaction, despite some delivery challenges due to road conditions [19][20] Question: What is the rationale for the recent rate case in Pennsylvania? - The company emphasized ongoing efforts to manage operational expenses and maintain affordability for customers, with no extraordinary changes in the rate case structure [25][26] Question: What is the status of discussions regarding increasing natural gas demand? - Management confirmed ongoing discussions with power providers and hopes to announce developments within the fiscal year [27][28] Question: What is the impact of pipeline transportation cost recovery on the midstream business? - Management noted a timing lag in recovering pipeline transportation costs, with an estimated recovery of around $5 million expected [39][40]

Group 1 - The article provides an analysis of the natural gas futures market and the performance of the United States Natural Gas Fund, LP [1] - It highlights recent trends in natural gas prices, indicating fluctuations and their potential impact on investment strategies [1] - The analysis includes data on inventory levels and demand forecasts, which are critical for understanding market dynamics [1] Group 2 - The report discusses the correlation between natural gas futures and broader energy market trends, emphasizing the importance of geopolitical factors [1] - It examines the implications of weather patterns on natural gas consumption and pricing, noting significant seasonal variations [1] - The article also addresses investor sentiment and market speculation, which can influence price movements in the natural gas sector [1]

Core Viewpoint - Forum Energy Technologies, Inc. has amended its senior secured asset-based lending credit facility to strengthen its balance sheet and enhance financial flexibility for strategic initiatives [2] Group 1: Credit Facility Details - The total commitments of the Credit Facility have been set at $250 million, providing significant flexibility for funding long-term debt retirement, organic investments, and acquisition opportunities [2] - The maturity of the Credit Facility has been extended to February 2031, subject to certain exceptions [2] - The total amount of letters of credit that may be issued has been increased to $110 million [2] - Interest rates on outstanding borrowings have been modified to an excess availability-based structure with improved pricing [2] Group 2: Company Overview - Forum Energy Technologies, Inc. is a global manufacturing company serving the oil, natural gas, defense, and renewable energy industries [3] - The company is headquartered in Houston, Texas, and focuses on providing value-added solutions to improve safety, efficiency, and environmental impact for its customers [3]

Core Viewpoint - Expand Energy Corporation is set to release its 2025 fourth quarter and full year operational and financial results on February 17, 2026, with a conference call scheduled for February 18, 2026, to discuss these results [1]. Company Overview - Expand Energy Corporation (NASDAQ: EXE) is recognized as North America's largest natural gas producer, focusing on enhancing the value of natural gas by connecting global scale to growing markets [2]. - The company's strategy is centered on delivering sustainable value for stakeholders through its strong portfolio, financial robustness, and operational excellence [2]. - Expand Energy is dedicated to expanding America's energy reach, aiming for a more affordable, reliable, and lower carbon future [2].

Core Viewpoint - Orca Energy Group Inc. has received a judgment from the Court of Appeal of Tanzania regarding its contractual dispute with African Geophysical Services LLP, resulting in a revised damages award [1][3]. Group 1: Legal Proceedings - In February 2025, the High Court of Tanzania awarded AGS damages totaling US$23,100,451 against Orca's subsidiary, PanAfrican Energy Tanzania Limited, along with legal costs and interest at a rate of 7% per annum [2]. - The Court of Appeal partially allowed Orca's appeal, reducing the damages awarded to AGS to US$17,912,445 and dismissing claims amounting to US$5,125,006 [3]. Group 2: Company Actions - The Company is currently reviewing the Appeal Judgment to understand the Court's reasoning and its financial and legal implications [4]. - Following the review, the Company will consider all available legal options but does not plan to disclose further information unless deemed necessary by the board of directors [4]. Group 3: Company Overview - Orca Energy Group Inc. is engaged in natural gas development and supply in Tanzania through its subsidiary, PAET, and trades on the TSX Venture Exchange under the symbols ORC.A and ORC.B [6].