Good morning.
We begin this morning with earnings from Crosstex LP (XTEX) which look very good. The purchasing of puts to hedge themselves last summer on a gas purchase proved very profitiable. Conference call to follow later this morning.
Markwest Energy is to report earnings sometime today. Conference call at 4pm.
Ten year rates holding after the unemployment (or employment) numbers. Energy complex down slightly this morning.
joseph cioffi's Source Page - Associated Content
3 comments:
MWE posted last night
Where's the beef. Crosstex has ONE business. This business generated $10.4 million in net income for the quarter. The combined market value for the LP & the GP is almost $2 BILLION. I love their business and think that this is a great company with a steady cash flow machine. But make no mistake, this a low margin industry, not a growth market.
thanks on MWE...why they did not post on the news wires is beyond me. As per Crosstex sometimes figuring out MLPS is beyond me. As long as they keep throwing off cash they should be in good shape.
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