Replies to post #2 on ONEOK, Inc. (OKE)

[Timothy Smith]

ONEOK Inc.

Ticker: OKE
Price Target: $48
Location: Houston, TX
Specialty: Midstream services
Comments: "OKE.’s interest in ONEOK Partners (OKS) is its primary growth engine (OKE owns ~40% of outstanding OKS stock plus the general partner). The GP interest provides strong cash flow growth (doubling within two years)."
Source: Morgan Stanley


Read more: http://www.businessinsider.com/morgan-stanleys-natural-gas-playbook-2012-7?op=1#ixzz21OZJoTyW

[Timothy Smith]

Oneok Inc. (OKE). Oneok Inc. owns 43.4% of Oneok Partners. Each $0.01 per unit distribution increase provides $12.5 million in incremental annual distributions to Oneok Inc.

Oneok Partners and Oneok Inc. have closely aligned interests, as growth projects are expected to drive continued distribution growth. Two-thirds of every incremental Oneok Partners' EBITDA dollar in 2012 flows to Oneok Inc. in cash as distributions increase.

Oneok Inc. currently offers a 3% dividend yield and is expected to grow its dividend to 60-70% of recurring earnings.

[oxnous]

OK just increased its dividend. Nice yield