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Crosstex Energy, Komandit ┼×irket Message Board

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  • ross.john51 ross.john51 Feb 1, 2010 5:29 PM Flag

    24 PE firms chasing Midstream Acquisitions

    The way I feel jdb,,,but we don't want to sell to cheap...hold these people at bay for 3 years.

    If you get a chance to look at a royal screwing the shareholders got look at HTE. BV 15.60CDN sold to the Korean National Oil Company for $10CDN, which came out to $9.50 for U.S. holders, after brokerage fees, and I can't remember, CDN taxes because we had to pay 15 percent of our dividends every month to the left wing Harper government.

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    • Ross,
      I, too, want them to improve the business some, and then let others have a look. I owned HTE, sold at a nice loss long before they sold out. It was just a mistake. I sold all my Canadian trusts at a time when you could slide right over, price wise, into the US MLP's. It has worked out very well. But, the Canadian trusts have been trouble. That's where I learned to see if a company covered cap ex and distributions in cash flow. Many didn't. They just kept dripping shares.

    • I scored a quick win on HTE back in October on the buyout having picked up a few shares around $6.

      The proceeds went into XTEX a week later.