Harbinger Capital Long Crosstex Energy
Harbinger Capital's Phil Falcone said today that he thinks shares of Crosstex Energy (NASDAQ: XTXI) are set to double. The hedge fund manager said that Harbinger is long the stock. Crosstex shares have risen 5.26% today after the comments and are currently trading at $9.61.
Crosstex Energy, Inc. is engaged, through its subsidiary, Crosstex Energy, L.P. (Partnership), the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGL).
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