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Crosstex Energy, Inc. Message Board

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  • stlbeerman stlbeerman May 2, 2006 8:41 PM Flag

    Chief Deal

    A year or so ago, ETP issued some units that were bought by insiders. They had a committee determine essentially, that is was the same deal (I believe a 15 percent discount) that the institution would have given them regarding the issuance of units.

    Bottom line ETP has had tremendous performance since the "insider issuance". The lesson I learned there and will apply here is that when insiders are eager to support a deal with their own money, do not be afraid to get in there with them and buy.

    This is going to be an exciting place to be for the next five years, at least.

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