Good Wednesday morning!
Crosstex (XTXI,XTEX) leads the news this morning as it announces its financing for the Barnett Shale deal. Its issuing units and selling shares and placing them priviately. Units of the LP won't collect distributions until 2008. All of this was previously announced when the Barnett Shale deal was announced a few weeks ago.

Meanwhile if you were wondering why Energy Transfer Partners was up yesterday by 2 points you need wonder no longer as a Citigroup anal-ist raised targets on both ETP and on Energy Transfer Equity. This story hit yesterday afternoon and i missed it.

No other news so far this morning but it is early...on the watch as any headlines break.