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Crosstex Energy: An Oil & Gas Investment For Everyone

Crosstex Energy: An Oil & Gas Investment For Everyone

Crosstex Energy (XTXI) is a "unique" investment in the oil and gas industry, in that it's a C-corp. and not a pass-through entity. Most oil and gas transporters that pay dividends are set-up as an LLC/LP structure, but not Crosstex. This means that many institutions and individuals who cannot invest in MLPs/LLCs in the oil & gas space can use Crosstex to get that exposure.

Thesis

When the company was cut to non-investment grade and suspended its dividend in the 2008 market turmoil, there were a slew of mutual funds and institutional investors that couldn't get out of the stock quick enough. The stock tanked and hasn't fully recovered, still down...

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