I've been an OKE shareholder for a couple of years now with an avg price of $61. This stock was destroyed at the onset of COVID. The demand for Natural Gas, Liquid Natural Gas and Propane remains high and OKE is one of the biggest pipeline owners in the USA. They have consistently paid their dividend and should look to restructure their debt. This is a great long term hold if you are looking for a great anchor stock for your portfolio.
One word of caution... If the Biden administration shuts down the DAPL (Dakota Access Pipeline), this could hurt OKE.
One word of caution... If the Biden administration shuts down the DAPL (Dakota Access Pipeline), this could hurt OKE.