Green today? Ha, that is not going to occur. However, the price action is setting up a nice buying opportunity. I will wait for 1,300 or so.
I may get back in when this wave of selling is over, maybe even next week. This stock has really been hit the last two days.
Most of OKE revenues are derived from the gathering and processing of natural gas and natural gas liquids, and fractionating those liquids. Of their overall operations, only a portion is devoted to transport natural gas. You'll get a better perspective reading the annual reports.
Because NGL price typically follows that of oil, the revenue potential drops with the price of oil. Because of that, I think, the stock price drops. Yet, OKE is the best of show in this industry and they have top-notch management. For that reason, I am a continual buyer.
You are only partially right, and for the reasons you did not mention are impacting this stock considerably.
In the presentation, most of the financials were based on $70 oil. With oil projected to go to $40 or $50 by some folks, the earnings will suffer. I will hold, but I also expect another $15/share drop.