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Crosstex Energy, AŞ Message Board

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  • rrb1981 rrb1981 Jan 7, 2006 12:29 AM Flag

    GP Tax and Cost of Capital

    The math looks even better, if you believe, as I do, that the dividend could be $5 or $6 by end of 2008. The 2 LIG projects plus the Barnett Shale expansion all have a lot of potential if put into action. The real kicker is that now that Crosstex is moving well into the 50/50 splits, everytime they issue units, it is significant money in the bank to XTXI. As has been mentioned before, the GP doesn't get dilluted. While the accretion on the LP units decreases as the unit count rises, the total GP take does not get dilluted. This makes owning the GP highly desireable. Put a 3.5% yield on a $5.00 or $6.00 dividend at end of 2008 and you get a $140 to $170 price range.