Seeking Alpha: Oneok Partners Still Looking At Significant Growth Opportunities

Growth capex is one of the major trends in the energy MLP space, and ONEOK Partners, L.P. (OKS) is no exception. Already a top player in gas gathering and processing and NGL fractionation in the Mid-Continent and Rockies, ONEOK still has over $2.5 billion of growth projects on the docket as well as up to $4 billion in unannounced projects - much of which will go towards gathering and processing the growing output of the Williston and Powder River basins.

ONEOK Partners offers good distribution coverage and double-digit cash flow growth potential, though actual distribution growth is likely to be more in the mid-to-high single digits as the general partner ONEOK Inc (OKE) takes a sizable cut and the partnership issues additional units to fund its growth targets. ONEOK Partners still offers some upside in a somewhat expensive MLP space, but it's no longer notably cheap.

Follow this link to the full article:
Oneok Partners Still Looking At Significant Growth Opportunities