Harbinger Capital Long Crosstex Energy

Harbinger Capital's Phil Falcone said today that he thinks shares of Crosstex Energy 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).