I guess Londe doesn't carry much clout. He downgrades XTXI, it drops, and recovers the next day. I can't for the life of me figure why he would downgrade this when they have publicly declared their intentions of pushing the dividend to $3.00 by year end. I suspect that we see yet another aggressive increase next Q, maybe push the dividend to $2.48.
He is very credible, its just that he is ultra gun shy on making projections. I recall times when management of a particular MLP would forcast growth of X and he would forcast growth of say .75X, and the MLP would come in with growth of say 1.2X, making his conservative projection even further from the mark.