ONEOK to Sell Three Interstate Natural Gas Pipeline Systems for $1.2B
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ONEOK (OKE) is selling its three interstate natural gas pipeline systems for $1.2 billion. This move is aimed at aligning and enhancing its capital allocation priorities within its integrated operating footprint.
November 20, 2024 | 3:45 pm
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ONEOK is selling its three interstate natural gas pipeline systems for $1.2 billion to better align its capital allocation priorities.
The sale of the pipeline systems is a strategic move by ONEOK to focus on its capital allocation priorities. This could lead to a positive short-term impact on the stock price as it may improve financial flexibility and operational focus.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100