Article By:
Tim Plaehn
Monday, October 2, 2023 8:45 AM EDT
Last week, ONEOK Inc. finalized its acquisition of Magellan Midstream Partners. The deal produced a unique merger with some big effects on energy income investors like us.
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Use the divs from $USOI to buy lower risk dividend stocks like $T, $OKE, $IBM.
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Good article, thank you. I am a long term holder of $OKE and will stay that way. I especially like the fact OKE acquired its MLP because, as a non-US taxpayer, I do not invest in partnerships because they bring tax complications for persons like myself. This point tends to be not known or forgotten when people based the US write articles. It is an important point and there are many of us. James