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.
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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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Recs
Short term pull back, look to buy around $5.50-$6 and watch it fly up to $9+. Been playing this stock since April when it was sitting at $1.90 and it's very volatile and quick moving. Company seems to be setting itself up well reducing it's debt by selling secondary pieces and recently buying pipeline in key areas. Although I'm calling the down turn now it's only short term, long term this should find the $20's again.