Andrew Hill Investment Advisors, Inc. on ONEOK, Inc.

ONEOK owns pipelines, processing facilities and storage assets that move natural gas and natural gas liquids from production regions to end markets. The fund likes the infrastructure-based model because returns are driven more by volumes moving through the network than by direct commodity-price speculation. Recent acquisitions have expanded the company's reach across the U.S. energy value chain and increased the strategic importance of its assets. Continued U.S. energy production, LNG exports and rising power demand are expected to support long-term volumes.