Depending on how well the U.S. economy fares going forward, Dynegy Inc. will not only recover, but will be an active player as the power sector consolidates, CFO Nick Caruso said last week.
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Independent Midstream Operator Crosstex Fares Well in IPO
Independent midstream natural gas company Crosstex Energy LP launched a $40 million initial public offering on Thursday with two million common units trading in a tight range of $19.46-$20.99 and ending the day at $20.10 on the Nasdaq. The common units represent about 28% of the limited partner interest in the company, which operates more than 1,500 miles of pipeline, two processing plants, and 49 natural gas treating plants in Texas, Oklahoma, New Mexico and Louisiana. Crosstex currently provides services for over 700,000 MMBtu/d of natural gas.
Independent Midstream Operator Crosstex Fares Well in IPO
Independent midstream natural gas company Crosstex Energy LP launched a $40 million initial public offering on Thursday with two million common units trading in a tight range of $19.46-$20.99 and ending the day at $20.10 on the Nasdaq. The common units represent about 28% of the limited partner interest in the company, which operates more than 1,500 miles of pipeline, two processing plants, and 49 natural gas treating plants in Texas, Oklahoma, New Mexico and Louisiana. Crosstex currently provides services for over 700,000 MMBtu/d of natural gas.