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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (51845)7/25/2013 10:14:22 PM
From: E_K_S   of 78740
 
ONEOK Inc. (OKE) -NYSE 53.77 Up 10.94(25.54%)

Oneok to Spin Off Gas Distribution Business Into One Gas
Oneok Inc. (OKE), the Oklahoma-based operator of natural gas pipelines, said it will spin off its utility business, sending shares up the most in more than four years to lead the Standard & Poor’s 500 Index today.The new gas distribution company, to be called One Gas Inc., will deliver the heating and power plant fuel to 2 million homes and businesses in Oklahoma, Kansas and Texas, Tulsa-based Oneok said in a statement today. Oneok will remain the parent of Oneok Partners LP (OKS), a master-limited partnership.
So will the new company One Gas Inc now look to expand and do several acquisitions that will eventually be dropped down into the MLP? Seems like if they expand their distribution arm to the West Coast, they could eventually export some of the processed NG to Japan through one of those new port facilities being constructed in Oregon.

It looks like this is the first phase of an extremely large build out to move that shale gas out to distribution channels and perhaps even to an export port facility to LNG tankers.

I will continue to add to the position as well as look to other candidate stocks that fit the expansion model.

Lots of potential value as capacity and distribution channels expand for this processed gas.

EKS
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