onurdongel
The energy infrastructure industry is one that I follow closely, and I have written articles on both ONEOK (NYSE:OKE) and Magellan Midstream Partners (MMP). Before getting to the disclosures at the end of the article, I want to say that I
ONEOK And Magellan May Be Stronger Together But Face Opposition From Unitholders
Summary
- Energy Income Partners opposes ONEOK's acquisition of Magellan Midstream Partners due to tax consequences and potential loss of value.
- The acquisition would create a larger energy infrastructure footprint in Middle America, making it more attractive for larger players.
- Despite opposition, the deal could benefit ONEOK shareholders by increasing margins and creating a stronger combined entity.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of OKE, ET, EPD, KMI, ENB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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