Crosstex Energy GP, L.P. (NASDAQ:XTEX)
An independent midstream energy company, which is engaged in the gathering, transmission, treating, processing and marketing of natural gas and natural gas liquids, or NGLs.
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Cheap stock... its been a LONG way down... when the economy rebounds its UP UP UP...
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XTEX has a superb dividend, and is currently trading at a small fraction of its recently value.
This is a gas pipeline company, not an exploration company, so income should not be
overly affected by plummeting natural gas prices. I see no fundamental reason for the huge
drop in price. XTEX is heavily leveraged, but no more so than many other pipeline companies.
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I think the current price reflects significant liquidity concerns. I think this company will have a tough quarter but will survive. When it becomes clear that they will not go under and frac spreads improve this stock will go up a lot.
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I like Natural gas stocks. They are poised for a big come back under Obama. It is a cleaner source of energy then oil. There is a abundant supply of Natural Gas which makes it a good choice for power plants. I really hope the T.Boone Pickens plan of switching a portion of our Trucks/Cars to Natural Gas will take hold. If even a small portion of out vehicles switch to Nat Gas (California?) it will move the industry in a big way. I own this one long.
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Figured since I like 'em so much I'd add a few more. =)
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Natural gas and oil transportation; I'm still not seeing any electric cars on the road are you?
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multiple bearish technical alerts 8.0 (contrary)
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Tough one, Better watch WRONG ATTITUDE LOOKING SMACK DOWN just noticed PE still in.
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Full Time Employees: 700
BUSINESS SUMMARY
Crosstex Energy, L.P., through its subsidiaries, operates as an independent midstream energy company. The company operates in two segments, Midstream and Treating. The Midstream segment focuses on the gathering, processing, transmission, and marketing of natural gas and natural gas liquids in Texas Gulf Coast in the north Texas Barnett Shale area, and in Louisiana and Mississippi. It also offers natural gas marketing services on behalf of producers for natural gas. As of December 31, 2007, this segment had approximately 5,000 miles of pipeline, 12 natural gas processing plants, and 4 fractionators. The Treating segment focuses on the removal of impurities, such as carbon dioxide and hydrogen sulfide from natural gas prior to delivering the gas into pipelines in the Texas and Louisiana gulf coast. It also involves in dew point control business. This segment had approximately 225 natural gas amine-treating plants and 55 dew point control plants. Crosstex Energy GP, L.P. serves as the general partner for Crosstex Energy, L.P. The company was founded in 1992 and is based in Dallas, Texas.
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It took a hit recently, but that makes this stock all the better a buy. Consistent dividend, couple with healthy returns, this promises to be a smooth ride.
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Barnett Shale Field should produce a large amount of earnings growth for this company for years to come.
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M* Buy $45
6% Yield
6% Growth
MLP. 2007 will be disappointing. Hence the drop and entry opportunity.
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