a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
Wednesday, October 01, 2008
Goldman Sachs cuts Crosstex (XTXI) to a sell. Stock is down nearly 4 dollars.
What is interesting is the higher oil prices through July had a drag on the economy similar to a tax increase, that spurred demand destruction. The combination of demand destruction and lower ( but still high ) oil prices should ease inflation and add some spending money to consumers.
XTEX and XTXI will have to cut their distributions by the end of 2009. They need equity to shore up their balance sheet but with a 15% yield, it will be dillutive.
"XTEX and XTXI will have to cut their distributions by the end of 2009. They need equity to shore up their balance sheet but with a 15% yield, it will be dillutive."
Why? XTEX has no meaningful maturities until 2011???
GLORY!
ReplyDeleteXTEX -12% on 40,000 shares. The markets are dysfunctional.
ReplyDeleteGS needs to downgrade itself to Sell.
Is XTEX going down the tubes? -18% now...
ReplyDeleteWhat is interesting is the higher oil prices through July had a drag on the economy similar to a tax increase, that spurred demand destruction. The combination of demand destruction and lower ( but still high ) oil prices should ease inflation and add some spending money to consumers.
ReplyDeleteHS
XTEX and XTXI will have to cut their distributions by the end of 2009. They need equity to shore up their balance sheet but with a 15% yield, it will be dillutive.
ReplyDeleteNow that speculators cannot short financials, they'll turn their attention to other sectors.
ReplyDelete"XTEX and XTXI will have to cut their distributions by the end of 2009. They need equity to shore up their balance sheet but with a 15% yield, it will be dillutive."
ReplyDeleteWhy? XTEX has no meaningful maturities until 2011???