DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
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DT Midstream is set to acquire three natural gas pipelines from ONEOK for $1.2 billion in cash, enhancing its pipeline portfolio.
November 19, 2024 | 10:00 pm
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NEUTRAL IMPACT
ONEOK is selling three natural gas pipelines to DT Midstream for $1.2 billion, which may impact its asset portfolio and cash reserves.
The sale of pipelines by ONEOK could impact its asset portfolio and cash reserves. The strategic divestment may be neutral in the short term as it could be part of a broader strategy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DT Midstream is acquiring three natural gas pipelines from ONEOK for $1.2 billion, which could enhance its asset base and operational capacity.
The acquisition of pipelines is a strategic move for DT Midstream, likely to enhance its asset base and operational capacity, which is positive for its growth prospects.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90