$13.60
0.34 (+2.56%)
Crosstex Energy, Inc. (NASDAQ:XTXI)
CAPS Rating:
The Company, through its subsidiaries, is engaged in the gathering, transmission, treating, processing and marketing of natural gas and NGLs.
The Company, through its subsidiaries, is engaged in the gathering, transmission, treating, processing and marketing of natural gas and NGLs.
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Recs
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.