Thu, Jul 31, 2014, 3:35 AM EDT - U.S. Markets open in 5 hrs 55 mins


% | $
Click the to save as a favorite.

Crosstex Energy, L.P. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • 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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

30.510.00(0.00%)Mar 7 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.