$OKE ONEOK (OKE +2.1%) is upgraded to Buy from Hol
Post# of 97609
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OKE has added $4.2B in natural gas liquids expansion in the Bakken and Midcontinent since mid-2017 while also placing more than $1.6B in equity capital, the firm notes.
Jefferies sees upside to OKE forecasts, as pipeline integrity concerns may necessitate Bakken ethane recovery sooner than economics alone would suggest, and the re-emergence of location pricing spreads could present an incremental source of cash flow.
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