ONEOK: This Dip Looks Like A Buying Opportunity

ONEOK is rated a buy, offering a high 5.0% yield and strong free cash flow trends. OKE's 2026 guidance was modest, but capex projects and Magellan synergies are expected to drive future FCF growth. Shares trade near a slight discount to intrinsic value, supported by a bullish technical setup and resilient fee-based earnings.