Norton highlights that Oneok is a"fee-based business," explaining that the company makes money by"transporting molecules to where they have the most value." He further elaborates that natural gas has to be processed and traded to get it into a"marketable form," which is a service Oneok provides.
Norton emphasizes that their acquisition of Magellan, which aimed to diversify Oneok's asset base, opened up many"organic opportunities." The expansion enabled Oneok to broaden its footprint, opening the door for them to move different products"with the same pieces of pipe" – a process called batching.
Regarding energy sources, Norton claims that the country has been experiencing an energy transition for over 200 years, with factors such as population and standard of living contributing to these changes. He suggests that there will be"continued growth," but the focus will shift from an"energy transition" to an"energy transformation," where different energy sources can be utilized in"a different way.
Here’s a great Canadian dividend stock you can buy at a big bargain right now and hold for the long term. The post 1 Dividend Stock Down 18% to Buy Right Now appeared first on The Motley Fool Canada.The stock market hasn’t found a reason to drop all that much of late—but the Federal Reserve could easily give it one. Nothing has been able to kill this bull market. While stocks didn’t freak out about inflation, other financial markets certainly reacted.
With April’s “halving” set to cut mining rewards by half, Bitcoin miners are upgrading to more efficient mining machines, cutting costs, finding cheaper sources of power and exploring mergers and acquisition opportunities.The "Magnificent Seven" is becoming a bit less magnificent but could rebound if we cut this stock and added another winner. The post 1 Stock I’d Drop From the “Magnificent Seven” and 1 I’d Add appeared first on The Motley Fool Canada.
Source: News Formal (newsformal.com)
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »