lauralea

ABC Bullish...and Winter is Coming (o:

Long
NYSE:OKE   ONEOK, Inc.
Natural gas has been a bit risky. Fat dividend of over 13% but read a cut is coming (payout ratio 195%) but has grown over 18% in 10 years. I would imagine even with a cut the dividend would be substantial. OKE seems to be tap dancing on support right now
I have been in this one since the bottom for the dividend and it is still not far from it's bottom comparitively. Not volatile but does creep down Sometimes it creeps up but not a lot
Not sure how much further it can creep down. When it gets to that big gap down that is overhead, well, if it gets there..Hard R will most likely be an issue unless there is a miracle in sector rotation..and winter is coming (o: I loved GOT (Game of Thrones)
NV is high. Oversold. Short interest is low

This stock is not in a currently hot sector. I think it would be more of a contrarian type stock
Stop under C. Stock needs to break the trendline of the BC leg in a clear uptrend which it has not done yet. It is hard to guesstimate breakout of an ABC pattern before it breaks the trendline/so I admit it..I guessed. When it does break it, it is much easier to pinpoint.
This company does a lot more than store natural gas and Winter is coming (o:

Not a recommendation

ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities that interconnect with its NGL fractionation and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space to others. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution companies, electric-generation facilities, industrial companies, municipalities, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.
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