Jim Cramer Breaks Down ONEOK's Role in Natural Gas Exports

ONEOK, Inc. (NYSE:OKE) is one of the stocks Jim Cramer highlighted as potential winners from the US-EU deal. Cramer mentioned the stock and said that it “could potentially have more upside than Energy Transfer.” He commented:

“Now, if you’re looking for another natural gas-oriented pipeline company with some growth, there’s ONEOK. These guys have a particularly strong presence, bringing natural gas to the Gulf Coast, which is where most of our existing liquified natural gas export infrastructure currently sits. Now, the yield isn’t quite as strong here. Right now, ONEOK units pay a dividend that yields just over 5%, but with ONEOK currently down over 30% from its highs late last year, this one could potentially have more upside than Energy Transfer.”

ONEOK (NYSE:OKE) is a midstream energy company that provides gathering, processing, transportation, storage, and export services for natural gas, natural gas liquids, refined products, and crude oil. The company is also involved in blending, marketing, leasing, and infrastructure-related activities.

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Disclosure: None. This article is originally published at Insider Monkey.