DC Capital
Long/short equity, special situations, event-driven, arbitrage

Southcross Energy: Visible Growth Options, Cash Rich Clientele, Shares Offer 30% Upside Potential

Shortly after Southcross Energy's (NYSE:SXE) IPO, its stock price took a nasty turn as it was faced with several difficulties on the operating front. This was no surprise considering SXE was fairly new to being publicly traded and given the negative sediment surrounding MLPs focused on natural gas. When something goes wrong, the negative sediment always find a way to reoccur. Nevertheless, SXE was required to forfeit capital for the costs associated with the fire at its Gregory facility as well as for the time delay in getting the Bonnie View fractionation up an running. The aggregate loss was small, but the lack of transparency between investor's knowledge and SXE's situation at the time caused it to become...

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