Pipeline operator ONEOK greenlights new Delaware Basin gas plant
1. ONEOK plans a new gas processing plant in the Delaware Basin. 2. This expansion responds to increasing gas volumes in the U.S.
FAQ
Why Bullish?
The new plant indicates growth potential for ONEOK, similar to past expansions that improved market perception and stock performance.
How important is it?
The investment decision signals strong market confidence and potential revenue enhancement, which could positively influence stock valuation.
Why Long Term?
Increased processing capacity enhances future earnings; long-term investments typically have notable impacts over several quarters.