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Crosstex Energy, L.P. Message Board

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  • ross.john51 ross.john51 Dec 2, 2009 2:23 PM Flag

    Any ideas on why the stock price is falling?

    The company has stated: "The Partnership currently provides services for 3.2 billion cubic feet per day of natural gas, or approximately six percent of marketed U.S. daily production."

    For a company providing 6% of the daily consumed natural gas in this country to be selling at this low a level is disheartening to say the least and makes me wonder just what the NASDAQ market makers and traders are doing.

    You mentioned the reduction of the float. This should have been taken as a good sign. The cold weather that is enveloping the country should also have had a positive effect.

    However, I have not really seen any of the MLPs on the upside today.

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30.510.00(0.00%)Mar 7 4:00 PMEST