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Crosstex Energy, Inc. Message Board

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  • rrb1981 rrb1981 Apr 10, 2006 6:54 PM Flag

    we seem to be back to where we were

    Market is irrational. No news over the weekend, yet it drops $2.00. This happened last week on Monday and on Tuesday it bounced back a good bit. I don't see how it is tied to Yorktown unless some investor is just dumping on Monday of each week....

    • Well, today wasn't much better than yesterday!!

      Volume hasn't been unusually large and the intra-day drops aren't on outrageously large sells, but it looks like the increased liquidity due to Yorktown isn't helping XTXI gain any traction. Given XTXI's projected dividend growth, I think XTXI is fastly becoming a very good buy. Management forcasted a $3.60 dividend by 3Q07, which probably puts us on track for a $3.00 dividend by year end. I am assuming we essentially will see a .05/Q increase in the dividend for the next 7 Q's, which would put us just over a $3.60 dividend in the 3 Q of 2007.

 
XTXI
37.60-1.80(-4.57%)Mar 7 4:00 PMEST