$5.60
-0.15 (-2.61%)
Crosstex Energy, Inc. (XTXI)
CAPS Rating:
The Company, through its subsidiaries, is engaged in the gathering, transmission, treating, processing and marketing of natural gas and NGLs.
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Valuation already took a big hit after poor earnings, but management still believes they can pay their reduced dividend..we'll see. But at 17%+ yield (yes, really), I can afford further dividend cuts and still be ahead of this market... Indirectly, this is also my way of saying I think oil prices won't go much lower.