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  • rrb1981 rrb1981 Sep 4, 2005 1:01 AM Flag


    Interesting article. One can understand how the recent run coupled with the disbursement by Yorktown would create some temporary weakness, but long term, these guys have projected dividend growth to $3.00/share, from the current $1.72/share, the company is debt free, has gobs of cash, and XTEX is finishing 1 major expansion project(the Barnett Shale pipeline), closing a major $500 million dollar acquisition from El Paso, and also working on a $225 million dollar expansion project along with Kinder Morgan. All of these projects will allow XTEX to increase its distribution which in turn will allow an increase in the XTXi dividend, as well as an increase in value of the 10 million XTEX units that XTXI holds. These guys can probably push the dividend to $5.00/share over the next 3 or 4 years.

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