AIEQ2.870%
as of Oct 26
OKE
DefensiveONEOK, Inc.
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs.
Close · 3M
+7.29%
Held by 2 AI ETFs
PQUS0.120%
as of Oct 23
Signal performance
Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.
Buy signals9
Win rate75% (6/8)
Avg buy return+6.13%
AIEQ · Weight increase · 3d
weight 2.730% → 2.870% (+0.140 pp)·stock up 5.1% in the 30 days before
Oct 25·now $95.83
price n/a
AIEQ · Weight increase · 2d
weight 2.730% → 2.790% (+0.060 pp)·stock up 5.1% in the 30 days before
Oct 23·entry $95.83·now $95.83Fresh
0.00%
since Oct 23
AIEQ · Weight increase · 2d
weight 2.610% → 2.710% (+0.100 pp)·stock down 2.9% in the 30 days before
Oct 14·entry $91.97·now $95.83Drifting
+4.20%
since Oct 14
AIEQ · Accumulation · 5d
weight 1.550% → 2.590% (+1.040 pp)·stock down 8.5% in the 30 days before
Oct 2·entry $87.88·now $95.83Drifting
+9.05%
since Oct 2
AIEQ · Weight increase · 2d
weight 1.530% → 2.540% (+1.010 pp)·stock down 8.9% in the 30 days before
Oct 1·entry $87.16·now $95.83Drifting
+9.95%
since Oct 1
AIEQ · Weight increase · 2d
weight 1.550% → 1.580% (+0.030 pp)·stock down 6.6% in the 30 days before
Sep 25·entry $88.63·now $95.83Drifting
+8.12%
since Sep 25
AIEQ · Weight decrease · 2d
weight 1.620% → 1.550% (-0.070 pp)·stock down 2.7% in the 30 days before
Sep 23·entry $90.54·now $95.83
+5.84%
since Sep 23
AIEQ · Weight decrease · 3d
weight 1.670% → 1.610% (-0.060 pp)·stock down 2.7% in the 30 days before
Sep 18·entry $93.46·now $95.83
+2.54%
since Sep 18
AIEQ · Weight decrease · 2d
weight 1.670% → 1.620% (-0.050 pp)·stock down 4.0% in the 30 days before
Sep 17·entry $93.22·now $95.83
+2.80%
since Sep 17
AIEQ · New entry · 1d
weight 0 → 1.660% (new)·stock up 4.5% in the 30 days before
Sep 13·entry $96.97·now $95.83Fresh
-1.18%
since Sep 13
AIEQ · Exit · 1d
weight 1.650% → 0 (exited)·stock up 4.5% in the 30 days before
Sep 11·entry $96.62·now $95.83
-0.82%
since Sep 11
AIEQ · Weight decrease · 2d
weight 1.630% → 1.610% (-0.020 pp)·stock up 8.5% in the 30 days before
Sep 4·entry $95.43·now $95.83
+0.42%
since Sep 4
AIEQ · Sudden change · 1d
weight 0.050% → 1.630% (+1.580 pp)·stock up 8.4% in the 30 days before
Sep 1·entry $95.69·now $95.83
+0.15%
since Sep 1
+11.78%
since Jul 1
Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.
Buffett-style framework
Fails the frameworkas of Oct 25
AIEQ has been accumulating ONEOK, raising its weight from 2.71% to 2.87% over three increases in October, while PQUS holds only a token 0.12%. That conflicts with the Fail verdict, since the framework sees thin margin of safety and unproven financial strength where the AI appears to be responding to momentum, income, or sector signals.
- Circle of CompetenceONEOK's fee-based natural gas liquids, gas gathering and processing, and pipeline operations have fairly stable unit economics that let ten-year cash flows be reasonably projected, though commodity-linked volumes and the revenue decline of nearly 15% add some noise.
- Economic MoatIts integrated network of hard-to-replicate pipelines and fractionation assets in the Mid-Continent and Rockies gives it a scale and regulatory-permitting moat, although it is a capital-intensive toll-style moat and not a pricing-power franchise.
- ManagementCandor and capital allocation cannot be judged from the data provided, and the acquisition-driven expansion raises questions about empire-building and leverage that would need a review of deal prices and insider ownership.
- Financial HealthA 16.27% ROE looks acceptable for one year, but there is no evidence of a ten-year record above 15%, the EV/EBITDA of 32 suggests depressed or distorted earnings, and heavy maintenance and growth capex plus acquisition debt make owner earnings and balance sheet strength doubtful.
- Margin of SafetyA P/E near 17, a price-to-book of 2.06 and an elevated EV/EBITDA leave no visible discount to a conservative intrinsic value for a capital-heavy, mid-return midstream business, so the margin of safety is thin.
ONEOK sits inside a reasonable circle of competence and has a real infrastructure moat, but its capital intensity, leverage from acquisitions, and unproven long-run returns weaken the financial case. At a full valuation there is little margin of safety, so this educational framework reads it as a Fail, with management as an unresolved question.
Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.