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Crosstex Energy, Inc. Message Board

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  • euro_trash23 euro_trash23 Mar 23, 2006 10:12 AM Flag


    If you assume that GP's or specifically this one continues trading around the same yield, let's say 3 to 3.5% (with annual div of 3.60) then of course the stock will go up. Then you're talking $100+ easily.

    But...what if GP valuations don't continue to fetch the same premium. 3.60/74 = 4.8%. I don't think XTXI will be trading with a 4.8% yield in '07, but I wouldn't bet my life on it.

    Of course a lot of other things come into play, but my point is that GP valuations aren't as established as LP's. Who knows what Q3 of '07 holds for the GP's...

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    • Goldman upped its target for XTXI to roughly $100 after the earnings call and then upped the target price to $108 after analyst day. Guess that no one is paying attention to their view as opposed to the Raymond James downgrade....

      • 2 Replies to sergeilovespapa
      • Market isn't rational. So the market thinks XTXI won't grow as fast as before. They projected a $3.60 dividend in 3Q07, and we know they will be at or around $3.00 by year end. Yield is now about equivalent with others EPE, ETE, NRGP, MGG yet the dumping continues. Now is the time to be buying if you believe things are not as bad as the market is acting. Yorktown has 3 more disbursements and then they are done.

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