OKE is a fundamentally sound natural gas provider that would stand to gain substantially should inflation occur and push commodity prices higher. It also offers a good dividend.

increased the quarterly dividend to 42 cents per share of common stock, payable Aug. 14, 2009, to shareholders of record at the close of business July 31, 2009.

Natuaral gas will make a big comeback

5.3%

THE BIGGER FISH, OneOk, buys, transports, stores and distributes natural gas. It yields 6.4%, which isn't too shabby, and its shares recently fell to a 52-week low near 26. Despite the gloom in the financial markets, analysts' 2009 earnings estimates are $3.49 a share, giving the stock a price/earnings ratio of just below eight times expected profits.

PE of 12, a PEG of 1.19, and it pays a yield of 4.7%.

value

Jim Cramer's take: www.thestreet.com/cramerstake/OKE.html

Q: What other sectors look attractive?

A: Pipelines. The pipeline companies don't directly benefit from higher commodity prices, as would integrated oil or E&P companies, but there is a great need to expand our pipeline infrastructure in this country, and a lot of the companies we favor are positioned to do just that. Oneok [OKE] and El Paso [EP] are two we like. El Paso has a very large natural-gas pipeline network, and it looks undervalued to us. As for Oneok, they are well-positioned to benefit from a lot of natural gas in the Rockies and some of these mid-continent shale plays.

energy/dividend