In its daily report, BullMarket.com wrote: "Crosstex is primarily a natural gas gatherer and processor. It owns and operates about 3,300 miles of pipeline, 10 processing plants, and three fractionators. The company got in trouble with its high debt load and had to amend its credit facility and suspend its dividend. As part of the amendment, Crosstex cannot pay a dividend until its leverage falls below 4.25:1 and growth CapEx is limited to $195 million in 2009 and 2010."
Folks , be patient and wait for the Crosstex Confrence call comming on Friday November 6th . I believe that Crosstex is a great Texas Company and that is why I have 16,000 shares of ( XTEX ) . It is looking like 2010 is going to be a good year for XTEX shareholders !
You are a bit behind . Look at their last Presentation on their Web site and you will see that the dividend / distribution will re-start in 2010 after they re-finance their debt at much lower rates . I expect this to happen in the Second Quarter or 2010 .