XTEX dividend paid 0.26c, and up 6% in 3 weeks

Both my current oil and gas plays are doing well. Crosstex Energy (XTEX) paid 26c dividend which gives it around 6.4% yeild at the current price. It's also up 6% from when I bought 3 weeks ago. I wrote on 1/26 when I bought this stock that I was worried about my entry point not being optimal, as it was above the upper bollinger band. The stretching of the bollinger band did pull the price back down for a day, but then the trend just continued like nothing had happened.

It's quite possible there might be another pullback tomorrow after todays sprint. Interestingly, the payout of the dividend didn't slow the stock down, as is sometimes visible with these types of limited partnerships.

This is a long term hold for dividend income and capital gain with a price target of $30 within 12 months, as there is an long term plateau within the $30 - $40 range. There is no reason why it shouldn't get there, as gas extracted from all the Texas fraccing oil plays comes on stream and these reservers are increasingly understood to be a critical part of US energy security given insatiable Chinese demand for gas reserves globally.

Re-entered the my Texas Oil and Gas play AREX today as it looks like it has finished it's bench and will continue it's long term rally.