This is a disciplined dollar cost average strategy (DCA) into the OKE.
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude
Their revenue last year was about 21 Billion, with about 10% gross profit, which is rather steady.
This is a "REIT" sort of company to me, steady income and good returns.
I like this ticker because of the leverage it has in the country.
It is very difficult oust them because of how integrated they are. This is a staple for my portfolio. I started buying since it was ~ 40 USD/share but it has recently risen to ~ 100 USD/share, which I feel is a little high for the stock, but nonetheless, I will continue buying in until such time I revise my investing strategy.
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- KSR·04-03👍LikeReport
