(The following article was sent to subscribers of TheStreet's Dividend Stock Advisor at 11:17 a.m. Monday.)

Not all double-digit dividend yields in the energy patch are created equal. As we suggested earlier this month, Oneok Partners (OKS) came out earlier and reiterated the ability to continue paying its quarterly distribution of $0.79 a share (12.9% yield) in 2016. As a result, the stock is up more than 7% today and recently changed hands around $24.50, in a session where broader energy sector is seeing continued selling pressure.

As a reminder, Oneok Partners stands out from other high-yielding master limited partnerships (MLPs) because of its limited commodity exposure. The company expects to generate 85% of its business from fee-based activities, which gives management the visibility to estimate cash flow that will at least cover the dividend through next year without the need for equity financing in either 2016 or 2017.

In the meantime, Oneok Partners has a stable balance sheet, with the ratings agencies rating its debt two levels above junk status. Today's news is a reminder there are some diamonds in the energy MLP space, though as our compilation note earlier today reiterated, there are likely far more dividend cuts on the horizon.

Also, Enbridge Energy Partners (EEP) -- and its 11.3% dividend yield -- was upgraded earlier today at Credit Suisse to Outperform from Neutral. We will circle back with more detail on the name later this week as we put the midstream company's quarterly distribution to our sustainability acid test.

At the time of publication, Dividend Stock Advisor had no position in the securities mentioned.