ONEOK buys remaining stake in Delaware Basin JV for $940 million
1. OKE acquired full stake in Delaware Basin JV for $940 million. 2. The deal strengthens OKE's presence in the midstream sector.
FAQ
Why Bullish?
Full ownership of the Delaware Basin JV can enhance OKE's operational efficiency and revenue stability, similar to past acquisitions that boosted cash flow and market confidence.
How important is it?
Acquisition strengthens OKE's asset portfolio, making it a strategic move that may increase investor confidence and stock value.
Why Long Term?
The acquisition will likely provide sustained growth and cash flow benefits over several financial quarters.