Top 10 Oil Stocks For 2016

Top 10 Oil Stocks For 2016: ONEOK Partners L.P.(OKS)

ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company?s Natural Gas Gathering and Processing segment gathers and processes natural gas produced from crude oil and natural gas wells located in the Mid-Continent region; and gathers natural gas in the Williston Basin, which spans portions of Montana and North Dakota, and the Powder River Basin of Wyoming. Its Natural Gas Pipelines segment primarily owns and operates regulated natural gas transmission pipelines, natural gas storage facilities, and natural gas gathering systems for non-processed gas. It also provides interstate natural gas transportation and storage services. This segment?s interstate natural gas pipeline assets transport natural gas through FERC-regulated interstate natural gas pipelines in North Dakota, Minnesota, Wisconsin, Illinois, Indiana, Kentucky, Tennessee, Oklahoma, Texas, and New Mexico. In addition, it transports intra state natural gas through its assets in Oklahoma; and owns underground natural gas storage facilities in Oklahoma, Kansas, and Texas. Its Natural Gas Liquids segment gathers, fractionates, and treats natural gas liquids (NGLs), as well as stores NGL products primarily in Oklahoma, Kansas, and Texas. This segment owns FERC-regulated natural gas liquids gathering and distribution pipelines in Oklahoma, Kansas, Texas, Wyoming, and Colorado; terminal and storage facilities in Missouri, Nebraska, Iowa, and Illinois; and FERC-regulated natural gas liquids distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana that connect its Mid-Continent assets with Midwest markets, including Chicago, Illinois. ONEOK Partners GP serves as the general partner of the company. The company was formerly known as Northern Border Partners, L.P. and changed its name to ONEOK Partners, L.P. in May 2006. The company was founded in 1993 and is ! base d in Tulsa, Oklahoma.

Advisors' Opinion:

• [By Paul Ausick]

  Large MLPs with geographically diversified operations will fare better because they can shift assets around and make sure that all their distribution-paying subsidiaries meet the payroll, so to speak. Here are the seven largest MLPs by market cap:

  Enterprise Product Partners LP (NYSE: EPD) – $61.23 billion Kinder Morgan Energy Partners LP (NYSE: KMP) – $35.13 billion Williams Partners LP (NYSE: WPZ) – $21.95 billion Plains All American Pipeline LP (NYSE: PAA) – $19.3 billion Energy Transfer Partners LP (NYSE: ETP) – $17.78 billion Magellan Midstream Partners LP (NYSE: MMP) – $15.52 billion Oneok Partners LP (NYSE: OKS) – $12.95 billion

  Size is not the only thing that matters, but size can help overcome some of the cash flow issues these MLPs face. The differentiating factor is a companys distribution coverage ratio which is the cash the MLP has to distribute to its limited partners divided by its maintenance capex and interest on the companys debt. Anything number larger than 1 is solid.

• [By Matt DiLallo]

  Because of this advantage, rail has the potential to stick around and be more than a short-term solution. It's already starting to affect pipeline projects; as late last year ONEOK Partners (NYSE: OKS  ) announced that it was not moving forward with its proposed Bakken Crude Express pipeline project after the company couldn't secure the necessary long-term commitments. It could also mean that some of the proposed projects from the chart above might not need to be built. With ample rail capacity, producers might elect to keep riding the rails.

• [By Lauren Pollock]

  Oneok Partners LP(OKS) issued guidance for 2014 that surpasses its estimate for the current year, citing growth in natural-gas volumes.

  QEP Resources Inc.(QEP) plans to separate its midstream business, QEP Field Services Co.! , into a ! separate entity, including its interest in QEP Midstream Partners LP(QEPM).

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-oil-stocks-for-2016.html