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Crosstex Energy, Komandit ┼×irket Message Board

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  • rrb1981 rrb1981 Nov 16, 2005 8:07 PM Flag

    P/E = 86??

    So skiselev81,

    It sounds like you bought XTEX at what was a historically low yield for the entire MLP universe(i.e., you bought at the top), with maybe the exception of PVR(which is carried on the back of rising coal prices). XTEX had, for quite some time, the lowest yield(i.e. the highest multiple) and it was a good 3% lower than what 2 or 3 years ago would have been then historical average MLP yield. I can't feel too bad for someone that bought high, and furthermore, I can't feel too bad for someone that wasn't smart enough to recognize the difference between the GP and the MLP, with the GP having clearly superior growth characteristics. That being said, XTEX has excellent growth prospects (North Texas Barnett Shale pipeline, recent El Paso acquisition, potential north LIG expansion, potential south LIG expansion, Barnett Shale compression addition etc etc). Go do some research and come back and tell us what "incentive distribution rights" means to XTXI.

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    • As a matter of fact I bought this baby at $26 a year and a half ago or so. So perhaps you should swallow all the pretty words you put down in the previous statement and get off my nuts. Thats ok, we cant all be correct all the time in our assumptions.