Why Does ONEOK Stock Deserve Investors’ Attention?
Headquartered in Oklahoma, ONEOK, Inc. (OKE) can be given increased attention post the comments of the U.S. Energy Information Administration (EIA) on July 12. In its Short Term Energy Outlook (STEO) report, the EIA forecasts natural gas production and demand in the U.S. to increase to record high levels in 2022, as the economic growth improves. The EIA has projected that U.S. liquefied natural gas export levels will increase from 9.76 billion cubic feet per day (bcfd) in 2021 to 10.85 bcfd in 2022 and 12.69 bcfd in 2023. The agency has also provided encouraging numbers for dry gas production. It estimates the production of dry gas to increase from 93.
Why Does ONEOK Stock Deserve Investors’ Attention?
Headquartered in Oklahoma, ONEOK, Inc. (OKE) can be given increased attention post the comments of the U.S. Energy Information Administration (EIA) on July 12. In its Short Term Energy Outlook (STEO) report, the EIA forecasts natural gas production and demand in the U.S. to increase to record high levels in 2022, as the economic growth improves. The EIA has projected that U.S. liquefied natural gas export levels will increase from 9.76 billion cubic feet per day (bcfd) in 2021 to 10.85 bcfd in 2022 and 12.69 bcfd in 2023. The agency has also provided encouraging numbers for dry gas production. It estimates the production of dry gas to increase from 93.