The thesis

ONEOK is a leading energy infrastructure company with 610% year-over-year revenue growth. Its operations are poised to benefit from the current oil supply shock, with a conviction score of 33. The company's strong financials, including a gross margin of 2395% and net margin of 1004%, make its setup interesting. The analyst consensus rating of hold suggests potential upside

Why now

The current oil supply shock, driven by the US-Iran conflict, creates a favorable environment for ONEOK's operations. With WTI oil prices rising, the company's revenue growth and margins are likely to continue increasing, making this a key moment to pay attention

What to watch

Investors should monitor ONEOK's revenue growth and margins over the next quarter, as well as the ongoing developments in the US-Iran conflict. The company's ability to maintain its strong financial performance and navigate the oil supply shock will be key indicators of its success

Key risks

Valuation risk is a concern, given the company's high price-to-earnings ratio of 15.9. Execution risk is also a factor, as ONEOK must navigate the complex and volatile energy landscape. Macro risk, including a potential decline in oil prices, could also impact the company's performance