XTEX Long at 15.24 in time for Jan 31 dividend

This is not the ideal technical entry point in CrossTex Energy LP (XTEX), as my long entry at $15.24 was above the upper bollinger band. However I wanted to ensure I got the 26c dividend payable to shareholders of record on January 31.

XTEX runs gas pipelines across Texas, where there is a lot of activity drilling new wells to extract oil using new methods. They've been in a huge uptrend ever since being hugely sold off at the end of 2008.

The monthly chart is very similar to AREX. XTEX is my longer term dividend and capital gain play. Target  $30 in 12 months.  AREX for shorter term trades, but both show huge potential, if oil prices keep rising and middle east democracy movements mean increased uncertainty regarding US energy interests.