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Fly News Breaks for April 15, 2016
OKS, OKE
Apr 15, 2016 | 08:41 EDT
Argus is less concerned about ONEOK's (OKE) debt levels after ONEOK Partners (OKS), an MLP that accounts for 100% of ONEOK's cash flow, said it would refrain from issuing new stock until late 2017. The firm adds that the company's decision to make its contracts fee-based instead of percent-of-proceeds makes it less vulnerable to volatile energy prices. Argus keeps a Buy rating on ONEOK.
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