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ONEOK Partners, L.P. Message Board

my911jim993 4 posts  |  Last Activity: Dec 9, 2014 11:27 AM Member since: Oct 20, 2010
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  • Reply to

    What is with the 6 point drop today?

    by durrett.scott Dec 8, 2014 11:11 AM
    my911jim993 my911jim993 Dec 9, 2014 11:27 AM Flag

    I don't see low oil prices affecting the price or usage of nat gas at all. If anything, low oil prices will fuel the US economy which will increase the demand for nat gas, thereby increasing the volume of gas running through OKS' pipelines leading to more cash flow. This really looks like a great buying opp to me. I added to my position.

    Sentiment: Strong Buy

  • Reply to

    What is with the 6 point drop today?

    by durrett.scott Dec 8, 2014 11:11 AM
    my911jim993 my911jim993 Dec 8, 2014 1:00 PM Flag

    It's fun, as OKS is mostly a gas play, 66% is fee based. This is a buying opp!

  • my911jim993 my911jim993 Nov 28, 2014 11:36 AM Flag

    I agree to a point. For options expiring in December, open interest in put options is highest at the 45 strike price with 1793 contracts. On the call side, open interest is the highest at the 50 strike price but on with 505 contracts. There's bigger incentive to drive the stock below 45 and keep it there until after options expiration. On the flip side of it, you have the partnership ready to issue $650 million in new units to aid in the purchase of the Permian assets from Chevron. Add to it the recent upheaval in the energy markets and you have good reason to keep the stock down. That all said, they are covering their distributions, nat gas prices aren't falling off like oil, thus I'm of the opinion that you're looking at a good entry point. I also wouldn't be too surprised to see the US start exporting nat gas at some point next year, especially if Russia keeps up it's aggressive stance towards Ukraine and it's threats to limit or cut off nat gas supplies to Europe for supporting sanctions. We're looking at short term headwinds and long term returns that in my opinion will likely be above average.

    Good luck to all.


    Sentiment: Strong Buy

  • my911jim993 my911jim993 Nov 13, 2014 8:21 PM Flag

    You people are nuts. They put on great shows and do a tremendous amount of good for the animal world.

    Sentiment: Strong Buy

41.00-0.58(-1.39%)Dec 19 4:04 PMEST

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