I have already mentioned it to investor relations. I suggest you also contact them and let them know that their are multiple investors that would like to see additional leverage added at XTXI level, via a share repurchase.
the only reason to not do it is so that XTXI would have dry powder in case there is a deal that XTEX has trouble financing. The scenario is XTEX has a deal (or project), and the markets are for whatever reason not willing to absorb an offering of XTEX units, so XTXI falls into a position of having to buy the units in order to get the deal done.
That is a pretty strong arguement. Not sure what you think.
ATLS is thinking of offering their GP interest. Any thoughts on that one?
I don't like the idea of the GP having to tie up new money in LP units. I understand the reasoning, but, a c-corp investing in LP units is not an efficient use of capital. It might be great for individual investors looking for a nice steady growing revenue stream, but 5%-7% won't cut the mustard for a c-corp as far as clearing the hurdle rate.
The Atlas GP deal is intriguing. I like their GP, lots of cash flow growth coming..