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Crosstex Energy, Inc. Message Board

  • rrb1981 rrb1981 Aug 9, 2005 11:55 PM Flag

    What I like about Crosstex

    Ok, so everyone is thrilled about the projected increase in the dividend to $3.00 from the current $1.72. What they did not mention, was that they also still have the $225 million dollar Louisiana project. Thatproject, along with the Barnett Shale are being done at aprox. 5.6x multiples. If the Barnett Shale offers around .22 in accretion to XTEX which means around 2x that amount to XTXI, then the Louisiana expansion ought to add around $.50 to XTEX and around $1.00 to XTXI. So, in 2007 we could be looking at a $4.00 dividend at XTXI. Now that is impressive.

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