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Crosstex Energy, L.P. Message Board

  • corvup corvup Dec 11, 2012 4:21 PM Flag

    From Barron's article

    As a general partner, it owns lucrative incentive distribution rights, which motivate it to manage the LP’s assets effectively and grow the distribution. As the distribution increases, Crosstex receives a
    stepped-up percentage, up to 50%, making it levered to the LP’s rising cash flows. In 2011, the company received 27% of all cash distributed.

    The article suggests Crosstex shares could rise 25% or more from their Friday closing price of $12.51.

    If the upper end of Dist. are reached next year, The IDR'S will max the percentage received by XTXI going forward... In my opinion, We will start seeing the price of XI start to out pace EX going forward.

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XTEX
30.510.00(0.00%)Mar 7 4:00 PMEST

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