After a great 2011 and facing a promising finish to 2012, Oneok Partners, L.P. (OKS) has fallen out of favor since the start of November. First, the company provided disappointing commentary on the Q3 earnings call. Second, it announced the decision to not move forward with a Bakken pipeline. The combination turned the market away from this previously hot stock.
The company is one of the largest traded MLPs and a leader in gathering, processing, storage, and transportation of natural gas. ONEOK, Inc. (OKE) owns 42.8% of the equity interest.
The stock has plunged from over $60 in early November to just below $53 today. In fact, the stock is now down...
Only subscribers can access this article, which is part of the PRO research library covering 3,776 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: