Crosstex Energy, Inc. (NASDAQ:XTXI)
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The Company, through its subsidiaries, is engaged in the gathering, transmission, treating, processing and marketing of natural gas and NGLs.
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The Company, through its subsidiaries, is engaged in the gathering, transmission, treating, processing and marketing of natural gas and NGLs.
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the spread between the price of oil and gas is the largest ever. Can it last? There is a glut in natural gas. But peak oil is here (we are running out of oil). Without much more deep water finds (30,000 feet + in the deep ocean), natural gas will surely go up in price. XTXI is cheap right now. Not a great balance sheet though. This is a turnaround play.