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Why ONEOK Stock Plummeted 56% in the First Half of 2020

Matthew DiLallo, The Motley Fool
·2-min read
Why ONEOK Stock Plummeted 56% in the First Half of 2020

Several factors weighed on the pipeline stock, including the impact of crashing crude prices on its balance sheet and worries about its ability to maintain its dividend. Lower oil prices are having a significant impact on ONEOK. As a result, lower volumes will flow through ONEOK's pipelines and processing plants this year.

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