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Crosstex Energy, L.P. Message Board

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  • geotype50 geotype50 Mar 10, 2010 11:51 PM Flag

    Headwinds

    If you reread the last sentence of your first paragraph, I think you will find that the situation is exactly the reverse of your description. $18.3 million of the 4Q 2008 results came from assets that XTEX no longer owned in 4Q 2009. 2009 net income benefited from asset sales but adjusted cash flow did not.

    Good luck on your investment in BX. I know nothing about the company. If all of their investments are as astute as their investment in XTEX you should do very well.

    Jim

    Jim

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    • I agree their language is confusing, but the $18.3M is identified as contributing to Q4 2009 realized adjusted cash flow, not an earlier quarter. I'm not sure why they threw in the "realized" since cash flow cannot include accruals, and there were asset sales in Q4, I believe--perhaps someone who listened to the CC can help?

 
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