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Stock Market & Financial Investment News

News Breaks
July 24, 2014
16:36 EDTOKS, OKEONEOK to invest $365M-$470M in Oklahoma SCOOP play
ONEOK Partners announced plans to invest approximately $365M-$470M between now and 4Q16 to construct a new 200M cubic feet per day natural gas processing facility, the Knox plant, and related infrastructure in Grady and Stephens counties in Oklahoma to gather and process natural gas from the emerging South Central Oklahoma Oil Province. The Knox plant and related infrastructure, including expansions and upgrades to the partnership's existing natural gas gathering systems and compression are expected to be completed during 4Q16. The partnership has announced total investments of approximately $6.4B-$6.8B through 2016 for acquisitions and infrastructure growth projects related to natural gas gathering and processing, and natural gas liquids, which includes the projects described above. These investments consist of approximately $3.4B-$3.7B for natural gas gathering and processing projects, and approximately $3.0B-$3.1B for natural gas liquids projects. Approximately $3.1B-$3.3B are for growth projects related to resource development in the Williston Basin in North Dakota.
News For OKS;OKE From The Last 14 Days
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October 2, 2014
05:42 EDTOKEONEOK downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded ONEOK to Neutral citing valuation as it does not expect material upward revisions to dividend growth guidance. The firm raised its price target for shares to $59 from $58.
September 25, 2014
16:26 EDTOKEONEOK files automatic mixed securities shelf
September 22, 2014
17:04 EDTOKE, OKSONEOK Partners to invest $480M-$680M to construct new natural gas facilities
ONEOK Partners announced plans to invest approximately $480M-$680M between now and the end of 3Q16 to build a new 80M cubic feet per day, or MMcf/d, natural gas processing facility in North Dakota, and to construct a new 100-MMcf/d natural gas processing facility and related infrastructure in Wyoming.

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