Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation. It also operates in the refined product and crude oil segment, connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.

ONEOK is one of the largest energy midstream service providers in the U.S., connecting supply basins with key market centers. It owns and operates one of the nation's premier NGL systems and is a leader in the gathering, processing, storage, and transportation of natural gas and refined products. ONEOK's operations include a 50,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators, and storage facilities in the Mid-Continent, Williston, Permian, and Rocky Mountain regions. The company now has four business segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. The company is a component of the S&P 500 and employs about 6326 people.

The major stocks indices are flat as midday approached on Friday. Drilling down, the Russell 2000 is up a bit, the Nasdaq and the Dow Jones Industrial Average are down a bit, and the S&P 500 is close to flat line. But it's hard to argue with the bigger picture, as the indices are on track to close higher for a third week in a row, with a general sigh of relief this week now that two big inflation reports have come and gone without leading to panic on that front. Meanwhile, individual earnings report still have power -- but tend to impact specific names more than groups of stocks. Earnings season is indeed winding down, but that's not to say it is done. For one, a company by the name of Nvidia has yet to weigh in -- and that won't happen until August 26. And, finally, the other topic that might grab headlines (and sentiment) remains the war in Iran, which seems to have officially reached deadlock status (a status that can change in a moment). Once all is said and done, all-time highs for stocks is where things stand right now, and that's not bad. But as the old saying goes, all-time highs are bullish -- except for the last one.

Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation. It also operates in the refined product and crude oil segment, connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.