ONEOK: Buy This Income Powerhouse While It's Undervalued

ONEOK's fee-based midstream model delivers resilient, steady growth and reliable dividends, largely insulated from commodity price swings. The recent price pullback and a 5% yield make OKE attractively valued, trading below historical P/E and peer cash flow multiples. Integration of EnLink and Medallion assets, plus rising LNG exports and Gulf Coast demand, set up robust EBITDA and EPS growth.